Cost of Living in Stonewood, WV

With a cost of living index of 72, Stonewood, WV is one of the most affordable cities in the country. Living here is 28% cheaper than the national average and in line with the West Virginia state average. Stonewood is a small community of 2,273 residents.

Housing costs are the biggest factor in Stonewood's cost of living. The median monthly rent is $929 (30% below the US median of $1,319), and the median home value sits at $149,400 (51% below the national median of $304,900). At current prices, the median home costs roughly 3.3x the median household income — a moderately affordable ratio by today's standards.

The median household income in Stonewood is $44,967, which is 40% lower than the national median of $75,149. Residents spend roughly 25% 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.