Cost of Living in Point Pleasant, WV

With a cost of living index of 60, Point Pleasant, WV is one of the most affordable cities in the country. Living here is 40% cheaper than the national average and 13% below the West Virginia state average of 73. Point Pleasant is a small community of 4,009 residents.

Housing costs are the biggest factor in Point Pleasant's cost of living. The median monthly rent is $631 (52% 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 2.8x the median household income — well within traditional affordability guidelines.

The median household income in Point Pleasant is $40,837, which is 46% lower than the national median of $75,149. Residents spend roughly 19% 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 Point Pleasant. The area sees an average annual temperature of 56.5°F, with summers averaging 75°F and winters around 37°F. Annual rainfall totals 45.1 inches spread over roughly 142 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.