Cost of Living in Newell, WV

With a cost of living index of 63, Newell, WV is one of the most affordable cities in the country. Living here is 37% cheaper than the national average and 10% below the West Virginia state average of 73. Newell is a small community of 1,252 residents.

Housing costs are the biggest factor in Newell's cost of living. The median monthly rent is $823 (38% below the US median of $1,319), and the median home value sits at $86,700 (72% below the national median of $304,900). At current prices, the median home costs roughly 2.2x the median household income — well within traditional affordability guidelines.

The median household income in Newell is $38,924, which is 48% lower than the national median of $75,149. Residents spend roughly 25% 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 Newell. The area sees an average annual temperature of 51.8°F, with summers averaging 71°F and winters around 31°F. Annual rainfall totals 39.6 inches spread over roughly 154 days.

Everyday prices in the Weirton-Steubenville, WV-OH (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.