Cost of Living in Wallace, WV
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
41.8
100 = national avg
-58.2 vs national average
Living Wage (1 Adult)
$18,397
per year
Living Wage (Family of 4)
$43,483
per year
Cost Index by Category
Housing31.1
Utilities79.3
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$843
per month
2 Bedroom
$955
per month
The overall cost of living index in Wallace is 41.8, which is 58.2% below the national average. Housing costs are below the national average at an index of 31.1. A single adult needs to earn approximately $18,397 per year to cover basic expenses.