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.