Housing costs in Benwood?
A typical home costs
$107,100, which is 68.3% less expensive than the national average of
$338,100 and 23.3% less expensive than the average West Virginia home, at
$139,700. Renting a two-bedroom unit in Benwood costs
$790 per month, which is 44.8% cheaper than the national average of
$1,430 and 8.9% cheaper than the state average of
$860.
Can I afford Benwood?
To live comfortably in Benwood, West Virginia, a minimum annual income of
$20,520 for a family, and
$24,400 for a single person is recommended.
What does A.I. say about Benwood?
The cost of living in Benwood, WV is relatively low compared to the national average. While basic necessities like groceries and housing costs may be slightly higher than some surrounding areas, the overall cost of living in Benwood is still very affordable due to the area's rural nature. The median income for households in Benwood is lower than the national average, so residents have more disposable income after paying for their basic needs. Additionally, transportation costs are lower as most people rely on private vehicles rather than public transport due to limited access. All in all, Benwood provides a good balance between affordability and quality of life.