Parkersburg, WV

Very Low · 46

West Virginia · Population 29,461 · Updated March 2026

$746
Median Rent / Month
$44,675
Median Income
$113,900
Median Home Value
$685
Owner Costs / Month

Affordability

How far your income goes in Parkersburg

20.0%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in West Virginia

State-level tax rates that affect your costs

5.12%
Income Tax (Top Rate)
6.0%
Sales Tax
0.58%
Property Tax Rate

Estimated Annual Costs

$8,952
Annual Rent
$2,287
State Income Tax
$661
Property Tax (est.)

Cost of Living Overview

Parkersburg is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 46 (where 100 equals the national median), Parkersburg residents can expect to pay median rent of $746/month while earning a median household income of $44,675/year.

The median home value in Parkersburg, WV is $113,900, with typical monthly owner costs around $685 including mortgage, insurance, and taxes. The median rent-to-income ratio of 20.0% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

West Virginia has a moderate income tax rate of 5.12%. Combined with a 6.0% sales tax rate and 0.58% effective property tax rate, the overall tax environment is a factor in the total cost of living in Parkersburg.

Frequently Asked Questions

Common questions about living costs in Parkersburg

What is the cost of living in Parkersburg, WV?
The cost of living index in Parkersburg, WV is 46 (US average = 100). Median monthly rent is $746, median household income is $44,675/year, and the median home value is $113,900.
Is Parkersburg, WV affordable?
Yes, Parkersburg is more affordable than the national average with a cost index of 46. The rent-to-income ratio is 20.0%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Parkersburg, WV?
The median gross rent in Parkersburg, WV is $746 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $8,952.
What is the median household income in Parkersburg?
The median household income in Parkersburg, WV is $44,675 per year. This compares to the national median of approximately $80,000.
What are the taxes like in West Virginia?
West Virginia has a top income tax rate of 5.12%, a sales tax of 6.0%, and an effective property tax rate of 0.58%.