Key Economic Benchmarks
Median Household Income
$50,582$4,215 per month · U.S. Census Bureau ACS 5-YearFair market rent & 30% rule in Ritchie County, WV
Official HUD Fair Market Rents evaluated against local household income benchmarks.
2026 HUD Fair Market Rent Schedule: Ritchie County, WV
Official FY2026 HUD Fair Market Rents for Ritchie 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 | $658 | $7,896 | $26,320 | 15.6% |
| 1-Bedroom Apartment | $662 | $7,944 | $26,480 | 15.7% |
| 2-Bedroom ApartmentBenchmark | $869 | $10,428 | $34,760 | 20.6% |
| 3-Bedroom Home | $1,042 | $12,504 | $41,680 | 24.7% |
| 4-Bedroom Home | $1,151 | $13,812 | $46,040 | 27.3% |
50/30/20 Living Budget in Ritchie County, WV
Based on the local median household income of $50,582/year ($4,215/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 Ritchie County, WV
What is the median household income in Ritchie County, WV?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Ritchie County, WV is $50,582 per year (approximately $4,215 per month).
What is the average rent in Ritchie County, WV?
According to HUD Fair Market Rent (FMR) benchmarks for 2026, standard monthly rents in Ritchie County, WV are $658 for a studio, $662 for 1 bedroom, $869 for 2 bedrooms, $1,042 for 3 bedrooms, and $1,151 for 4 bedrooms.
How does the cost of living in Ritchie County, WV compare to the national average?
Based on the Bureau of Economic Analysis (BEA) Regional Price Parity index, the general price level in Ritchie 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 Ritchie County, WV?
Under the standard 30% housing affordability standard, renting a median 2-bedroom home ($869/month) in Ritchie County, WV requires a minimum gross household income of $34,760 per year ($2,897 per month).
What is a balanced 50/30/20 monthly budget in Ritchie County, WV?
For a typical household earning the median income of $50,582/year ($4,215/month) in Ritchie County, WV, a balanced 50/30/20 budget allocates $2,108/month to essential needs (rent, utilities, groceries), $1,265/month to discretionary spending, and $843/month to savings and debt repayment.
What are typical electricity and utility costs in Ritchie 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.