Cost of Living in Beverly, WV
Housing
The housing market plays a significant role in determining the cost of living in Beverly, WV.
- Housing Index: 87.2 / 100
- Median Home Price is: $100,000
- Average Rent (2 BR Apartment): $1190 per month
- Average Rent (2 BR House): $1293 per month
Based on the data for Beverly, WV, we observe that the housing index is at an unsettling 0.0, indicating significant market instability. Median home prices stand at a favorable 100000, which may suggest potential for investment or first-time homeownership. However, with both the average rent for a 2BR apartment and house also at 0.0, the rental market appears stagnant. This could indicate a lack of available housing options, raising questions about desirability and economic health in Beverly. It's advisable to weigh these factors thoughtfully when considering a move to this area.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Beverly, WV.
- Electricity Price: $15.48 USD (median by state)
- Natural Gas Price: $23.05 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $206 per month
Living in Beverly, WV could entail higher utility costs. Electricity costs sit at $15.48, while natural gas is priced at $23.05 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $206 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Beverly is a financially viable option for your relocation.