Key Economic Benchmarks
Median Household Income
$38,119$3,177 per month · U.S. Census Bureau ACS 5-YearFair market rent & 30% rule in Mingo County, WV
Official HUD Fair Market Rents evaluated against local household income benchmarks.
2026 HUD Fair Market Rent Schedule: Mingo County, WV
Official FY2026 HUD Fair Market Rents for Mingo County, WV. 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 | $689 | $8,268 | $27,560 | 21.7% |
| 1-Bedroom Apartment | $696 | $8,352 | $27,840 | 21.9% |
| 2-Bedroom ApartmentBenchmark | $898 | $10,776 | $35,920 | 28.3% |
| 3-Bedroom Home | $1,077 | $12,924 | $43,080 | 33.9% |
| 4-Bedroom Home | $1,288 | $15,456 | $51,520 | 40.5% |
50/30/20 Living Budget in Mingo County, WV
Based on the local median household income of $38,119/year ($3,177/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 Mingo County, WV
What is the median household income in Mingo County, WV?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Mingo County, WV is $38,119 per year (approximately $3,177 per month).
What is the average rent in Mingo County, WV?
According to HUD Fair Market Rent (FMR) benchmarks for 2026, standard monthly rents in Mingo County, WV are $689 for a studio, $696 for 1 bedroom, $898 for 2 bedrooms, $1,077 for 3 bedrooms, and $1,288 for 4 bedrooms.
How does the cost of living in Mingo County, WV compare to the national average?
Based on the Bureau of Economic Analysis (BEA) Regional Price Parity index, the general price level in Mingo County, WV is 89.5 (10.5% lower than the U.S. national baseline of 100.0).
How much do you need to earn to comfortably afford rent in Mingo County, WV?
Under the standard 30% housing affordability standard, renting a median 2-bedroom home ($898/month) in Mingo County, WV requires a minimum gross household income of $35,920 per year ($2,993 per month).
What is a balanced 50/30/20 monthly budget in Mingo County, WV?
For a typical household earning the median income of $38,119/year ($3,177/month) in Mingo County, WV, a balanced 50/30/20 budget allocates $1,588/month to essential needs (rent, utilities, groceries), $953/month to discretionary spending, and $635/month to savings and debt repayment.
What are typical electricity and utility costs in Mingo 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.