Cost of Living in Boone County, West Virginia
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
These figures are county medians, not a personal budget. Use them to frame rent, ownership, and income tradeoffs, then account for household size, commute, financing, insurance, taxes, debt, and local availability before making a decision.
How Boone County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Boone County ranks #647 of 3,142 counties for affordability (top 21%)
Sourced county brief
Boone County Median Home Value Estimated at $93,100
In Boone County, West Virginia, the median home value was estimated at $93,100, which is $54,904 below the West Virginia unweighted county mean of $148,004. The official median gross rent as a percentage of household income (GRAPI) was 29.8% during the 2020-2024 interval. This canonical rentToIncomePct is 1.1 percentage points above the state unweighted county mean of 28.7%. Median gross rent was recorded at $837 per month, exceeding the state unweighted county mean of $777 by $60. For households in owner-occupied units, the median selected monthly owner cost was $514, which is $84 below the state unweighted county mean of $598. The median renter-household income in the county was $24,789. These statistics describe current housing expenditure levels and do not serve as a basis for financial or investment advice. See ACS table B25077 for the underlying estimate.
Source record
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25064 Median Gross Rent
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25071 GRAPI
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25077 Median Home Value
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25088 Selected Monthly Owner Costs
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25119 Household Income by Tenure
Data version acs5-2020-2024 · Method cost-brief-v1
Cost of Living Advisory: Boone County
Affordability Verdict
ACS B25071 estimates median gross rent at 29.8% of renter household income in Boone County, which is below the 30% affordability benchmark. This is a median percentage among renter-occupied units, not the share of households above a threshold.
Rent vs. Own
Median gross rent is $837 per month; median selected monthly owner costs are $514. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $33,480 in annual gross income would allocate 30% to the county's median gross rent. This is a reproducible illustration, not evidence that a particular household can afford housing.
Regional Context
The West Virginia unweighted mean of county median rents is $777 per month. Boone County's $837 median is 7.7% above that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Boone County
Rent Burden
17.6%
of gross income
Max Housing (28% Rule)
$1,332
per month
Owner Cost Burden
10.8%
of gross income
You can likely afford the median home in Boone County
Median home value is $93,100. Estimated monthly cost: $743 vs. your max of $1,332.
Rent Affordability Guide
Income Needed Calculator
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Based on the 30% rule for rent and 28% rule for housing costs (mortgage + owner costs). Mortgage estimate assumes 20% down, 7.2% interest, 30-year fixed.
Frequently Asked Questions
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2020-2024). Data is informational only and is not personalized financial advice.
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