Cost of Living in Shinnston, WV
Population: 2,198 | West Virginia
Shinnston is 29% less expensive than the national average.
Cost of Living in Shinnston, WV: What You Need to Know
With a cost of living index of 71, Shinnston, WV is one of the most affordable cities in the country. Living here is 29% cheaper than the national average and in line with the West Virginia state average. Shinnston is a small community of 2,198 residents.
Housing costs are the biggest factor in Shinnston's cost of living. The median monthly rent is $940 (29% below the US median of $1,319), and the median home value sits at $135,500 (56% below the national median of $304,900). At current prices, the median home costs roughly 2.1x the median household income — well within traditional affordability guidelines.
The median household income in Shinnston is $63,750, which is 15% lower than the national median of $75,149. Residents spend roughly 18% 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.
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.
Income
- Median Household Income
- $63,750
- vs US Median ($75,149)
- -15%
Housing
- Median Rent
- $940/mo
- Median Home Value
- $135,500
- Median Monthly Housing Cost
- $845/mo