Pros and Cons of Living In Cheat Lake, West Virginia. Is Cheat Lake, WV a Nice Place To Live or Retire?

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Cheat Lake, West Virginia

Moving to Cheat Lake In West Virginia ? Is Cheat Lake, WV a Nice Place To Live? Pros and Cons of Living in Cheat Lake, West Virginia. Find out the best and worst about to live, raise a family or retire in Cheat Lake.

DEMOGRAPHICS

Population
9559
Unemployment
1.4%
70% NAT AVG.
Poverty
6.3%
55% NAT AVG.
Cost Of Living
107
7% NAT AVG.

ECONOMICS

Median Home Cost
$294800
28% NAT AVG.
Median Income
$95450
41% NAT AVG.
Median Rent
$1132
2% NAT AVG.
Overall Score
6

CRIME REPORT

SOCIO-ECONOMICS

People Living Below BPL
1 in 16
Unemployed People
1 in 71
People Earning < $10,000
1 in 31
People Earning < $50,000
29.7%
People With Any Degree
1 in 1.6

ETHNICITY

Ethnicity Cheat Lake USA
White 91.8% 60.1%
African American 3% 12.2%
American Indian 0% 0.6%
Asian 2.2% 5.6%
Hawaiian 0% 0.2%
Multiracial 1.6% 2.8%
Hispanic 1.3% 18.2%
Other 0.1% 0.3%

HOUSEHOLD INCOME

HOUSEHOLD INCOME Cheat Lake USA
Less than $10,000 3.2% 5.8%
$10,000 to $14,999 2.9% 4.1%
$15,000 to $24,999 6.3% 8.5%
$25,000 to $34,999 6.9% 8.6%
$35,000 to $49,999 10.4% 12.0%
$50,000 to $74,999 14.5% 17.2%
$75,000 to $99,999 6.5% 12.8%
$100,000 to $149,999 22.2% 15.6%
$150,000 to $199,999 8.7% 7.1%

EDUCATION

Education Cheat Lake USA
< 9th Grade 0% 5.0%
9-12th Grade 4% 7.0%
High School or GED 18% 27.0%
Other College 17% 20.0%
Associate's Degree 6% 9%
Bachelor's Degree 27% 20.0%
Master's Degree 15% 9.0%
Professional Degree 7% 2.0%
Doctorate Degree 6% 1.0%
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. The unemployment rate of Cheat Lake remained 1.4%, which is 70% lower than national rate.

Cost of living in Cheat Lake is 107, which is 7% higher than national average. In Cheat Lake, only 55% of adults have a bachelor's degree and 23% have some college but no degree. 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.
Cheat Lake Scorecard

Jobs90%

Housing85%

Affordability80%

Safety70%

Amenities70%

Diversity50%

Education90%

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