Cost of Living in Farmington, WV
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
91.5
100 = national avg
-8.5 vs national average
Living Wage (1 Adult)
$40,244
per year
Living Wage (Family of 4)
$95,122
per year
Cost Index by Category
Housing57.3
Food108.2
Transportation116.3
Healthcare106.5
Utilities96.4
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$838
per month
2 Bedroom
$1,007
per month
The overall cost of living index in Farmington is 91.5, which is 8.5% below the national average. Housing costs are below the national average at an index of 57.3. A single adult needs to earn approximately $40,244 per year to cover basic expenses.