Is Cheat Lake, West Virginia a Good Place To Live? - Living In Cheat Lake, WV

Is Cheat Lake, West Virginia a good place to live?
Cheat Lake is a city in West Virginia state in USA with a population of 9559 residents.. The poverty rate of Cheat Lake is 6.3%, which is 55% lower than national average. The typical household in Cheat Lake earns $95450 a year, compared to the national median of $67,500. Nearly 29.7% of households earn less than $50,000 a year compared to 39% national rate.

A high school education is a basic prerequisite for most jobs, and in Cheat Lake, only 96% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Cheat Lake remained 1.4%, which is 70% lower than national rate. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Cheat Lake, only 55% of adults have a bachelor's degree and 23% have some college but no degree.

Cost of living in Cheat Lake is 107, which is 7% higher than national average. Median home value in Cheat Lake is $294800 , which is 28% higher than national average. While median income in Cheat Lake remained $95450, which is 41% higher than national average. Not only are incomes low in the town, but it also has a high cost of living, meaning a dollar does not go as far as it might elsewhere.
Population
9559
Unemployment
1.4%
70% NAT AVG.
Poverty
6.3%
55% NAT AVG.
Overall Score
6
Median Home Cost
$294800
28% NAT AVG.
Median Income
$95450
41% NAT AVG.
Median Rent
$1132
2% NAT AVG.
Cost Of Living
107
7% NAT AVG.
People Living BPL
1 in 16
Unemployed People
1 in 71
People Earning < $10,000
1 in 31
People Earning < $50,000
29.7%
People with <= High School
1 in 4.5
People With Any Degree
1 in 1.6
Pros & Cons Overview

Jobs90%

Housing85%

Affordability80%

Safety70%

Amenities70%

Diversity50%

Education90%

Commute80%