Housing costs in Newell?
A typical home costs
$63,200, which is 81.3% less expensive than the national average of
$338,100 and 54.8% less expensive than the average West Virginia home, at
$139,700. Renting a two-bedroom unit in Newell costs
$780 per month, which is 9.3% cheaper than the national average of
$860 and close to the state average of
$790.
Can I afford Newell?
To live comfortably in Newell (zip 26050), West Virginia, a minimum annual income of
$12,240 for a family, and
$24,400 for a single person is recommended.
What does A.I. say about Newell?
The cost of living in 26050 Newell, WV is relatively modest compared to the rest of the country. The median home price in the area is $77,000 and the median household income is $36,849. This means that housing costs are affordable for most families. Additionally, other basic living expenses such as utilities, food, and transportation are also fairly inexpensive thanks to the area's lower-than-average cost of living. For this reason, 26050 Newell is an attractive option for those looking for a place to settle down or start a family on a budget.