Cost of Living in Bancroft, WV
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
97.4
100 = national avg
-2.6 vs national average
Living Wage (1 Adult)
$42,851
per year
Living Wage (Family of 4)
$101,284
per year
Cost Index by Category
Housing73.6
Food108.0
Transportation116.2
Healthcare106.4
Utilities99.5
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$803
per month
2 Bedroom
$1,054
per month
The overall cost of living index in Bancroft is 97.4, which is 2.6% below the national average. Housing costs are below the national average at an index of 73.6. A single adult needs to earn approximately $42,851 per year to cover basic expenses.