Zip 24801 (Welch, WV) Cost of Living


0 Reviews



BestPlaces offers the best, most comprehensive city reports,
with insight into cost of living, crime, climate, and more.
United States / West Virginia / No Metro Area / McDowell County / Welch / Welch (zip 24801)
How much do I need to live in Welch, West Virginia?
$1,080 / month
for a family, 80.0% less expensive than the national average A total of $12,960 for the year for a family.
$1,900 / month
for a single person, 60.1% less expensive than the national average A total of $22,800 for the year for a single person.

Welch cost of living score
70.1
Less expensive
29.9% lower
than the US average
11.7% lower
than the West Virginia average
Welch (zip 24801), West Virginia gets a BestPlaces Cost of Living score of 70.1, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 29.9% lower than the U.S. average and 11.7% higher than the average for West Virginia.

Zip 24801 (Welch, WV)

Housing costs in Welch?
A typical home costs $67,100, which is 80.2% less expensive than the national average of $338,100 and 52.0% less expensive than the average West Virginia home, at $139,700. Renting a two-bedroom unit in Welch costs $640 per month, which is 55.2% cheaper than the national average of $1,430 and 34.4% cheaper than the state average of $860.

Can I afford Welch?
To live comfortably in Welch (zip 24801), West Virginia, a minimum annual income of $12,960 for a family, and $22,800 for a single person is recommended.

What does A.I. say about Welch?
The cost of living in 24801 Welch, WV is relatively low compared to other parts of the country. The housing market in this area is affordable, with median home values hovering around $70,000 and monthly rent prices averaging around $500 for a two-bedroom apartment. The cost of basic goods such as groceries and healthcare are also quite affordable due to the rural nature of the area. Overall, Welch provides a surprisingly low cost of living, making it an attractive option for those looking for an affordable place to call home.
   Cost of living score
       Higher than 100 is more expensive than the national average.
       Lower than 100 is less expensive.
     CategoriesWelchWest VirginiaUnited States
    Unlock79.4100.0
  89.8  Unlock100.0
    Unlock127.0100.0
  14.4  Unlock100.0
    Unlock$139,700$338,100
  84.8  Unlock100.0
    Unlock90.1100.0
  70.7  Unlock100.0

   100=National Average

   Average Rent by Bedroom Size
Crime

The premier source for comprehensive city data for over 30 years.

© Best Places. All rights reserved.