Cheat Lake, WV Cost Of Living

Demographics | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Cheat Lake, WV Summary

Cost of living in Cheat Lake research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Cheat Lake is expensive. An index value below 100 means the city is a relatively cheap place to live.

On a city-by-city basis in West Virginia, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:

  • The cost of living index in Cheat Lake is 107, with 100 being the average.

  • The cost of living index in Cheat Lake is 1.1x higher than the national average.

  • Cheat Lake ranks as the #31 cheapest in West Virginia out of 31.

  • Cheat Lake ranks as the #3,867 cheapest out of 6,412 in the US.

  • The median home value in Cheat Lake is $305,000.

  • The median income in Cheat Lake is $99,656.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
107
Cheat Lake's Overall Cost Of Living
1.1x
Higher Than The National Average

What is the cost of living in Cheat Lake, WV?

According to the most recent data on the cost of living, Cheat Lake has an overall cost of living index of 107, which is 1.1x higher than the national index of 100.

Compared to West Virginia, Cheat Lake has a cost of living index that's 1.2x higher than West Virginia's index of 89.

The standard of living in Cheat Lake ranks as #31 most affordable out of the 31 places we measured in West Virginia. By definition, that implies Cheat Lake ranks as the #0 most expensive place in the Mountain State.

For more reading on life in Cheat Lake, check out:

31 out of 31
In West Virginia
3,867 out of 6,412
In America

Cheat Lake Cost Of Living Vs. West Virginia

Six factors go into calculating the cost of living index in Cheat Lake. Here is how it fairs on each of the criteria:

  • The Services index in Cheat Lake is 103.

  • The Groceries index in Cheat Lake is 98.

  • The Health index in Cheat Lake is 91.

  • The Housing index in Cheat Lake is 127.

  • The Transportation index in Cheat Lake is 89.

  • The Utilities index in Cheat Lake is 87.

Living Expense Cheat Lake West Virginia National Average
Overall 107 89 100
Services 103 96 100
Groceries 98 98 100
Health 91 99 100
Housing 127 69 100
Transportation 89 100 100
Utilities 87 95 100
For more reading on cost of living around West Virginia, check out:
Cheat Lake Cost of Living Vs. WV

Cheat Lake, WV Housing Cost Breakdown

Housing swings affordability the most between places in West Virginia, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:

  • The Median Home Value in Cheat Lake is $305,000.

  • The Median Rent in Cheat Lake is $1,088.

  • The Median Income in Cheat Lake is $99,656.

  • The Home Value To Income in Cheat Lake is 3.1x.

  • The Rent To Monthly Income in Cheat Lake is 0.13x.

Statistic Cheat Lake West Virginia United States
Median Home Value $305,000 $128,800 $244,900
Median Rent $1,088 $770 $1,163
Median Income $99,656 $50,884 $69,021
Home Value To Income 3.1x 2.5x 3.5x
Rent To Monthly Income 0.13x 0.18x 0.2x
Search Homes For Sale In Cheat Lake, WV
$305,000
Median Home Value
$1,088
Median Rent
$99,656
Median Income

Cheat Lake, WV Costs By Category

Detailed Cheat Lake Services Costs Vs. West Virginia

Item Cheat Lake West Virginia
Shampoo $1.08 $1.06
Movie $12.52 $10.68
Bowling $13.05 $14.67
Haircut $19.39 $18.62
Beauty Salon $39.86 $39.05

Detailed Cheat Lake Groceries Costs Vs. West Virginia

Item Cheat Lake West Virginia
Ground Beef $4.77 $4.22
Fried Chicken $1.24 $1.39
Milk $1.63 $2.05
Potatoes $3.82 $3.29
Pizza $10.01 $10.62
Beer $9.32 $9.38
Toothpaste $1.83 $2.34

Detailed Cheat Lake Health Costs Vs. West Virginia

Item Cheat Lake West Virginia
Optometrist $99.07 $108.57
Doctor $90.46 $116.17
Dentist $89.59 $99.13

Detailed Cheat Lake Transportation Costs Vs. West Virginia

Item Cheat Lake West Virginia
Gasoline $2.09 $2.22
Tire Balancing $36.67 $50.07

Detailed Cheat Lake Utilities Costs Vs. West Virginia

Item Cheat Lake West Virginia
All Electricity $139.04 $167.67
Phone $179.2 $175.64

Cheat Lake SnackAbility

6
/10
Overall SnackAbility
Jobs
9/10
Housing
8.5
Affordability
8
Diversity
5
Safety
N/A
Amenities
7
Education
9
Commute
8

Cost Of Living In Cities Around Cheat Lake

The cost of living varies in the cities and towns around Cheat Lake. Here's a quick look at the cost of living in the most populous nearby places:

  • Morgantown, WV has a cost of living index of 94, 0.9x Cheat Lake.

  • Baldwin, PA has a cost of living index of 95, 0.9x Cheat Lake.

  • Whitehall, PA has a cost of living index of 96, 0.9x Cheat Lake.

City Population Cost Of Living Vs. Cheat Lake
Morgantown, WV 29,316 94 0.9x
Baldwin, PA 21,274 95 0.9x
Whitehall, PA 14,882 96 0.9x
Jefferson Hills, PA 12,215 106 1.0x
Brentwood, PA 9,999 89 0.8x
Canonsburg, PA 9,643 95 0.9x
Pleasant Hills, PA 8,454 100 0.9x
Castle Shannon, PA 8,307 95 0.9x
White Oak, PA 7,623 93 0.9x
Brookhaven, WV 6,606 95 0.9x

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