Cost of Living in Gatewood, WV
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
87.1
100 = national avg
-12.9 vs national average
Living Wage (1 Adult)
$38,326
per year
Living Wage (Family of 4)
$90,589
per year
Cost Index by Category
Housing49.5
Food106.5
Transportation113.0
Healthcare105.2
Utilities93.8
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$697
per month
2 Bedroom
$915
per month
The overall cost of living index in Gatewood is 87.1, which is 12.9% below the national average. Housing costs are below the national average at an index of 49.5. A single adult needs to earn approximately $38,326 per year to cover basic expenses.