Cost of Living in Monroe County, West Virginia

$677/mo
Median Monthly Rent
$146,100
Median Home Value
11% below state averageUnaffordable

At a Glance

Median Monthly Rent
$677/mo
11% below state average
Median Home Value
$146,100
48% below national
Rent-to-Income Ratio
24.0%
% 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 Monroe County Compares

Median monthly rent comparison

Monroe County$677/mo
West Virginia Average$760/mo
National Median$1,163/mo

Detailed Housing Stats

$677/mo
Median Gross Rent
$146,100
Median Home Value
$568/mo
Monthly Owner Cost
24.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Monroe County, West Virginia

Monroe County rents below national average

Monroe County's rent-to-income ratio of 14.9% beats the national average of 16.9%, delivering above-average housing affordability despite below-average median income. With rents of $677/month and income of $54,508, Monroe County offers solid value for budget-conscious renters.

Strong affordability among state peers

Monroe County's 14.9% rent-to-income ratio ranks in the top tier of West Virginia counties, outperforming the state average of 16.9%. The county's favorable rental conditions reflect low rents relative to local income levels.

Balanced costs in southern region

Monroe County's $677/month rent falls between Mineral County's $684 and Mercer County's $813, while its median income of $54,508 sits in the middle of regional peers. This balance creates one of the region's more stable affordability profiles.

Ownership costs comparable to rents

Renters spend $677/month (14.9% of income), while homeowners allocate $568/month (12.5%)—a modest $109 gap favoring ownership. The median home value of $146,100 positions Monroe County as an accessible market for first-time buyers seeking stability.

Steady ground for Appalachian living

Monroe County delivers balanced affordability and moderate housing costs—appealing to those seeking neither extreme bargains nor premium markets. Compare this profile against Mineral County's higher income or Mingo County's lower rents to find your ideal fit.

Affordability Calculator

See how your income compares to housing costs in Monroe County

$

Rent Burden

14.9%

of gross income

Max Housing (28% Rule)

$1,272

per month

Owner Cost Burden

12.5%

of gross income

You can likely afford the median home in Monroe County

Median home value is $146,100. Estimated monthly cost: $1,166 vs. your max of $1,272.

Rent Affordability Guide

Your rent-to-income ratio14.9%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Monroe County, West Virginia?
Monroe County, West Virginia has a median monthly rent of $677/mo and a median home value of $146,100. The affordability rating is Unaffordable, with rent making up approximately 24.0% of median household income.
What is the median rent in Monroe County?
The median gross rent in Monroe County is $677/mo. This is 11% below state average for West Virginia.
Is Monroe County affordable?
Monroe County is rated Unaffordable based on rent-to-income ratio of 24.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Monroe County's rent compare to the state average?
Monroe County's median rent of $677/mo is 11% below state average of $760/mo for West Virginia.
What is the median home value in Monroe County?
The median home value in Monroe County, West Virginia is $146,100. This is 48% 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.