Cost of Living in Institute, WV
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
80.9
100 = national avg
-19.1 vs national average
Living Wage (1 Adult)
$35,579
per year
Living Wage (Family of 4)
$84,095
per year
Cost Index by Category
Housing81.0
Food86.4
Transportation72.8
Healthcare89.1
Utilities88.0
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$829
per month
2 Bedroom
$1,036
per month
The overall cost of living index in Institute is 80.9, which is 19.1% below the national average. Housing costs are below the national average at an index of 81.0. A single adult needs to earn approximately $35,579 per year to cover basic expenses.