Cost of Living in Oceana, WV

With a cost of living index of 65, Oceana, WV is one of the most affordable cities in the country. Living here is 35% cheaper than the national average and 8% below the West Virginia state average of 73. Oceana is a small community of 1,421 residents.

Housing costs are the biggest factor in Oceana's cost of living. The median monthly rent is $932 (29% below the US median of $1,319), and the median home value sits at $60,800 (80% below the national median of $304,900). At current prices, the median home costs roughly 1.3x the median household income — well within traditional affordability guidelines.

The median household income in Oceana is $47,548, which is 37% lower than the national median of $75,149. Residents spend roughly 24% 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 Oceana. The area sees an average annual temperature of 52.9°F, with summers averaging 70°F and winters around 35°F. Annual rainfall totals 43.5 inches spread over roughly 161 days.

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.