Cost of Living in Spencer, WV
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
64.0
100 = national avg
-36.0 vs national average
Living Wage (1 Adult)
$28,146
per year
Living Wage (Family of 4)
$66,526
per year
Cost Index by Category
Housing61.7
Food69.8
Transportation73.1
Healthcare75.8
Utilities74.2
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$793
per month
2 Bedroom
$869
per month
The overall cost of living index in Spencer is 64.0, which is 36.0% below the national average. Housing costs are below the national average at an index of 61.7. A single adult needs to earn approximately $28,146 per year to cover basic expenses.