Cost of Living in Montcalm, WV
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
58.3
100 = national avg
-41.7 vs national average
Living Wage (1 Adult)
$25,645
per year
Living Wage (Family of 4)
$60,616
per year
Cost Index by Category
Housing21.2
Transportation132.9
Utilities76.3
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$717
per month
2 Bedroom
$896
per month
The overall cost of living index in Montcalm is 58.3, which is 41.7% below the national average. Housing costs are below the national average at an index of 21.2. A single adult needs to earn approximately $25,645 per year to cover basic expenses.