Cost of Living in Mineralwells, WV

With a cost of living index of 72, Mineralwells, WV is one of the most affordable cities in the country. Living here is 28% cheaper than the national average and in line with the West Virginia state average. Mineralwells is a small community of 2,489 residents.

Housing costs are the biggest factor in Mineralwells's cost of living. The median monthly rent is $927 (30% below the US median of $1,319), and the median home value sits at $156,400 (49% below the national median of $304,900). At current prices, the median home costs roughly 2.3x the median household income — well within traditional affordability guidelines.

The median household income in Mineralwells is $68,940, which is 8% lower than the national median of $75,149. Residents spend roughly 16% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Climate is another factor for anyone considering a move to Mineralwells. The area sees an average annual temperature of 54.9°F, with summers averaging 75°F and winters around 35°F. Annual rainfall totals 44.2 inches spread over roughly 137 days.

Everyday prices in the Parkersburg-Vienna, WV (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 6 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.