Key Economic Benchmarks
Median Household Income
$80,815$6,735 per month · U.S. Census Bureau ACS 5-YearFair market rent & 30% rule in Berkeley County, WV
Official HUD Fair Market Rents evaluated against local household income benchmarks.
2026 HUD Fair Market Rent Schedule: Berkeley County, WV
Official FY2026 HUD Fair Market Rents for Martinsburg, WV HUD Metro FMR Area. Under the federal 30% housing affordability standard, housing costs are sustainable when they consume 30% or less of gross household income.
| Unit Size | Monthly Rent | Annual Rent | 30% Rule Min. Income | % of Median Income |
|---|---|---|---|---|
| Studio / Efficiency | $850 | $10,200 | $34,000 | 12.6% |
| 1-Bedroom Apartment | $971 | $11,652 | $38,840 | 14.4% |
| 2-Bedroom ApartmentBenchmark | $1,233 | $14,796 | $49,320 | 18.3% |
| 3-Bedroom Home | $1,702 | $20,424 | $68,080 | 25.3% |
| 4-Bedroom Home | $1,947 | $23,364 | $77,880 | 28.9% |
50/30/20 Living Budget in Berkeley County, WV
Based on the local median household income of $80,815/year ($6,735/month), here is how a balanced budget allocates expenses:
Take-Home Pay & Tax Explorer in West Virginia
Explore net income after federal income tax, FICA, and West Virginia state income tax based on the local median baseline.
Related Regional & Financial Profiles
Compare earnings and living costs across West Virginia with official federal datasets:
Frequently Asked Questions About Living in Berkeley County, WV
What is the median household income in Berkeley County, WV?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Berkeley County, WV is $80,815 per year (approximately $6,735 per month).
What is the average rent in Berkeley County, WV?
According to HUD Fair Market Rent (FMR) benchmarks for 2026, standard monthly rents in Berkeley County, WV are $850 for a studio, $971 for 1 bedroom, $1,233 for 2 bedrooms, $1,702 for 3 bedrooms, and $1,947 for 4 bedrooms.
How does the cost of living in Berkeley County, WV compare to the national average?
Based on the Bureau of Economic Analysis (BEA) Regional Price Parity index, the general price level in Berkeley County, WV is 94.2 (5.8% lower than the U.S. national baseline of 100.0).
How much do you need to earn to comfortably afford rent in Berkeley County, WV?
Under the standard 30% housing affordability standard, renting a median 2-bedroom home ($1,233/month) in Berkeley County, WV requires a minimum gross household income of $49,320 per year ($4,110 per month).
What is a balanced 50/30/20 monthly budget in Berkeley County, WV?
For a typical household earning the median income of $80,815/year ($6,735/month) in Berkeley County, WV, a balanced 50/30/20 budget allocates $3,367/month to essential needs (rent, utilities, groceries), $2,020/month to discretionary spending, and $1,347/month to savings and debt repayment.
What are typical electricity and utility costs in Berkeley County, WV?
Residential electricity rates in West Virginia average 15.5¢ per kWh according to the U.S. Energy Information Administration (EIA). For an average home using 900 kWh per month, the estimated electric bill is approximately $139 per month.