Housing costs in Bancroft?
A typical home costs
$125,100, which is 63.0% less expensive than the national average of
$338,100 and 10.5% less expensive than the average West Virginia home, at
$139,700. Renting a two-bedroom unit in Bancroft costs
$840 per month, which is 2.3% cheaper than the national average of
$860 and close to the state average of
$850.
Can I afford Bancroft?
To live comfortably in Bancroft (zip 25011), West Virginia, a minimum annual income of
$24,120 for a family, and
$26,000 for a single person is recommended.
What does A.I. say about Bancroft?
The cost of living in 25011 Bancroft, WV is quite low when compared to the national average. The overall cost of living index rating for the area is 86.4, which is 14.6 points below the national average. Basic necessities like housing and groceries are especially affordable due to the low median home prices and sales tax rates in the area. Additionally, utilities tend to be lower than other areas due to its rural location that doesn't require as much infrastructure or resources as a more urban location would need. All together, these factors make 25011 Bancroft, WV an attractive option for those looking for a place with a lower cost of living than most other places.