Counties › West Virginia

Cost of Living in Hancock County, WV

Population 28,431 · Census ACS 2020–2024 5-year estimates

Median rent$771
Median home value$130,800
Median household income$61,466

The median rent in Hancock County, WV is $771/month, 12% lower than the West Virginia median and 45% lower than the U.S. median. The median home value is $130,800, 61% lower than the national median. Households earn a median of $61,466 a year, 3% higher than the state median.

Affordability

Rent as a share of median income: 15.1%
Income needed for median rent (30% rule): $30,840/yr
Home price-to-income ratio: 2.1×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $661/mo

Run your own numbers: mortgage calculator · hourly to salary

Hancock County vs. West Virginia vs. U.S.

Hancock CountyWest VirginiaU.S.
Median rent$771$872$1,413
Median home value$130,800$162,600$332,700
Median household income$61,466$59,608$80,734
Homeownership rate74.5%74.9%65.2%
Bachelor's degree or higher19.9%24.1%35.7%
Poverty rate14.5%16.7%12.5%
Unemployment rate8.4%5.4%5.2%
Work from home10.1%9.1%15.1%
Median age47.042.738.9

FAQ

What is the average rent in Hancock County, WV?

The median gross rent in Hancock County, WV is $771 per month (ACS 2020–2024 5-year estimate).

How much do I need to earn to live in Hancock County, WV?

Using the common 30% rule, renting a median-priced home takes about $30,840 a year in gross income.

Is Hancock County, WV expensive to live in?

Rent there is 45% lower than the U.S. median, and the median home costs about 2.1 times the median household income.

Other counties in West Virginia

Kanawha County, WVRent $906 · Income $60,943Berkeley County, WVRent $1,233 · Income $80,815Monongalia County, WVRent $987 · Income $65,346Cabell County, WVRent $923 · Income $55,832Wood County, WVRent $822 · Income $57,810Raleigh County, WVRent $902 · Income $52,150

Counties with a similar cost of living

Adair County, MORent $772 · Income $61,536Avery County, NCRent $773 · Income $61,428Stutsman County, NDRent $774 · Income $61,856Atchison County, KSRent $765 · Income $61,112Boyle County, KYRent $778 · Income $61,159Burnett County, WIRent $771 · Income $62,819

Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

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