Fairmont, WV Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Fairmont, WV Summary

Cost of living in Fairmont research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Fairmont is expensive. An index value below 100 means the city is a relatively cheap place to live.

On a city-by-city basis in West Virginia, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:

  • The cost of living index in Fairmont is 88, with 100 being the average.

  • The cost of living index in Fairmont is 0.9x lower than the national average.

  • Fairmont ranks as the #17 cheapest in West Virginia out of 31.

  • Fairmont ranks as the #1,278 cheapest out of 6,412 in the US.

  • The median home value in Fairmont is $122,100.

  • The median income in Fairmont is $47,618.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
88
Fairmont's Overall Cost Of Living
0.9x
Lower Than The National Average

What is the cost of living in Fairmont, WV?

According to the most recent data on the cost of living, Fairmont has an overall cost of living index of 88, which is 0.9x lower than the national index of 100.

Compared to West Virginia, Fairmont has a cost of living index that's 1.0x lower than West Virginia's index of 89.

The standard of living in Fairmont ranks as #17 most affordable out of the 31 places we measured in West Virginia. By definition, that implies Fairmont ranks as the #14 most expensive place in the Mountain State.

For more reading on life in Fairmont, check out:

17 out of 31
In West Virginia
1,278 out of 6,412
In America

Fairmont Cost Of Living Vs. West Virginia

Six factors go into calculating the cost of living index in Fairmont. Here is how it fairs on each of the criteria:

  • The Services index in Fairmont is 106.

  • The Groceries index in Fairmont is 97.

  • The Health index in Fairmont is 87.

  • The Housing index in Fairmont is 62.

  • The Transportation index in Fairmont is 88.

  • The Utilities index in Fairmont is 91.

Living Expense Fairmont West Virginia National Average
Overall 88 89 100
Services 106 96 100
Groceries 97 98 100
Health 87 99 100
Housing 62 69 100
Transportation 88 100 100
Utilities 91 95 100
For more reading on cost of living around West Virginia, check out:
Fairmont Cost of Living Vs. WV

Fairmont, WV Housing Cost Breakdown

Housing swings affordability the most between places in West Virginia, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:

  • The Median Home Value in Fairmont is $122,100.

  • The Median Rent in Fairmont is $799.

  • The Median Income in Fairmont is $47,618.

  • The Home Value To Income in Fairmont is 2.6x.

  • The Rent To Monthly Income in Fairmont is 0.2x.

Statistic Fairmont West Virginia United States
Median Home Value $122,100 $128,800 $244,900
Median Rent $799 $770 $1,163
Median Income $47,618 $50,884 $69,021
Home Value To Income 2.6x 2.5x 3.5x
Rent To Monthly Income 0.2x 0.18x 0.2x
Search Homes For Sale In Fairmont, WV
$122,100
Median Home Value
$799
Median Rent
$47,618
Median Income

Fairmont, WV Costs By Category

Detailed Fairmont Services Costs Vs. West Virginia

Item Fairmont West Virginia
Shampoo $1.08 $1.06
Movie $12.52 $10.68
Bowling $13.05 $14.67
Haircut $19.39 $18.62
Beauty Salon $39.86 $39.05

Detailed Fairmont Groceries Costs Vs. West Virginia

Item Fairmont West Virginia
Ground Beef $4.77 $4.22
Fried Chicken $1.24 $1.39
Milk $1.63 $2.05
Potatoes $3.82 $3.29
Pizza $10.01 $10.62
Beer $9.32 $9.38
Toothpaste $1.83 $2.34

Detailed Fairmont Health Costs Vs. West Virginia

Item Fairmont West Virginia
Optometrist $99.07 $108.57
Doctor $90.46 $116.17
Dentist $89.59 $99.13

Detailed Fairmont Transportation Costs Vs. West Virginia

Item Fairmont West Virginia
Gasoline $2.09 $2.22
Tire Balancing $36.67 $50.07

Detailed Fairmont Utilities Costs Vs. West Virginia

Item Fairmont West Virginia
All Electricity $139.04 $167.67
Phone $179.2 $175.64

Fairmont SnackAbility

6
/10
Overall SnackAbility
Jobs
5/10
Housing
6
Affordability
8
Diversity
6
Safety
6
Amenities
8.5
Education
8
Commute
8.5

Cost Of Living In Cities Around Fairmont

The cost of living varies in the cities and towns around Fairmont. Here's a quick look at the cost of living in the most populous nearby places:

  • Morgantown, WV has a cost of living index of 94, 1.1x Fairmont.

  • Clarksburg, WV has a cost of living index of 82, 0.9x Fairmont.

  • Bridgeport, WV has a cost of living index of 101, 1.1x Fairmont.

City Population Cost Of Living Vs. Fairmont
Morgantown, WV 29,316 94 1.1x
Clarksburg, WV 16,085 82 0.9x
Bridgeport, WV 9,165 101 1.1x
Brookhaven, WV 6,606 95 1.1x

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