Cost of Living in Fayette County, West Virginia

$777/mo
Median Monthly Rent
$104,200
Median Home Value
2% above state averageUnaffordable

At a Glance

Median Monthly Rent
$777/mo
2% above state average
Median Home Value
$104,200
63% below national
Rent-to-Income Ratio
30.0%
% of income spent on rent

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating
Unaffordable
Rent over 50% of income

How Fayette County Compares

Median monthly rent comparison

Fayette County$777/mo
West Virginia Average$760/mo
National Median$1,163/mo

Detailed Housing Stats

$777/mo
Median Gross Rent
$104,200
Median Home Value
$583/mo
Monthly Owner Cost
30.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Fayette County, West Virginia

Fayette's affordability gap widens nationally

Fayette County's rent-to-income ratio of 17.7% exceeds both the state average (16.9%) and reflects tighter affordability than most U.S. counties. With median household income at $52,672—$22,083 below the national median—residents face compounded pressure despite rents that appear low in isolation.

Among West Virginia's least affordable

Fayette's 17.7% rent-to-income ratio ranks it below most state peers, signaling housing stress relative to local earnings. The county's median income trails the state average, amplifying the burden even though rents themselves remain modest.

Cheapest rents but weakest incomes

Fayette's $777 monthly rent is the lowest across peer counties, yet its $52,672 median household income is among the weakest. Homeownership costs $583 monthly with a median home value of $104,200, the lowest in the comparison group.

17.7% of income goes to rent

Renters spend $777 monthly on housing, consuming 17.7% of the typical household's $52,672 income. Homeowners pay $583 monthly, but even this modest cost strains budgets in a county where income growth lags state and national trends.

Lowest costs come with income trade-offs

Fayette offers the region's cheapest rents and home prices, but relocating here means accepting lower wage prospects than neighboring counties. Compare local job markets carefully before moving—affordability gains vanish if income declines.

Affordability Calculator

See how your income compares to housing costs in Fayette County

$

Rent Burden

17.7%

of gross income

Max Housing (28% Rule)

$1,229

per month

Owner Cost Burden

13.3%

of gross income

You can likely afford the median home in Fayette County

Median home value is $104,200. Estimated monthly cost: $832 vs. your max of $1,229.

Rent Affordability Guide

Your rent-to-income ratio17.7%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Fayette County, West Virginia?
Fayette County, West Virginia has a median monthly rent of $777/mo and a median home value of $104,200. The affordability rating is Unaffordable, with rent making up approximately 30.0% of median household income.
What is the median rent in Fayette County?
The median gross rent in Fayette County is $777/mo. This is 2% above state average for West Virginia.
Is Fayette County affordable?
Fayette County is rated Unaffordable based on rent-to-income ratio of 30.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Fayette County's rent compare to the state average?
Fayette County's median rent of $777/mo is 2% above state average of $760/mo for West Virginia.
What is the median home value in Fayette County?
The median home value in Fayette County, West Virginia is $104,200. This is 63% below the national median home value of $281,900.
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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.