Cost of Living in Parkersburg, WV

With a cost of living index of 63, Parkersburg, WV is one of the most affordable cities in the country. Living here is 37% cheaper than the national average and 11% below the West Virginia state average of 73. With a population of 29,461, Parkersburg is a mid-sized community that balances access to services with a more manageable cost of living compared to larger metros.

Housing costs are the biggest factor in Parkersburg's cost of living. The median monthly rent is $746 (43% below the US median of $1,319), and the median home value sits at $113,900 (63% below the national median of $304,900). At current prices, the median home costs roughly 2.5x the median household income — well within traditional affordability guidelines.

The median household income in Parkersburg is $44,675, which is 41% lower than the national median of $75,149. Residents spend roughly 20% 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 Parkersburg. 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.