Cost of Living in Shannondale, WV

With a cost of living index of 96, Shannondale, WV is slightly more affordable than average. Living here is 4% cheaper than the national average and 23% above the West Virginia state average of 73. Shannondale is a small community of 3,441 residents.

Housing costs are the biggest factor in Shannondale's cost of living. The median monthly rent is $1,222 (7% below the US median of $1,319), and the median home value sits at $255,000 (16% below the national median of $304,900). At current prices, the median home costs roughly 3.5x the median household income — a moderately affordable ratio by today's standards.

The median household income in Shannondale is $72,283, which is 4% 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.

Everyday prices in the Washington-Arlington-Alexandria, DC-VA-MD-WV (Metropolitan Statistical Area) metro area tend to run above the national average. Out of 6 common grocery and utility items tracked by the Bureau of Labor Statistics, 6 are priced higher 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.