Living in Cheat Lake, West Virginia
Cost of living, income, home prices, rent and demographics of Cheat Lake · Census data 2020–2024
Cheat Lake has 10,902 residents with a median age of 40.6. The median household income is $117,014 (96% higher than the West Virginia median), the median home value is $367,600, the median rent is $1,124/month.
Cheat Lake at a glance
- Population
- 10,902
- Median age
- 40.6State: 42.7
- Median household income
- $117,014State: $59,608
- Median home value
- $367,600State: $162,600
- Median rent
- $1,124/moState: $872
- Homeowners
- 83.2%
- Bachelor's degree or higher
- 61.8%
- Average commute
- 24 min
Is Cheat Lake a good place to live?
Pros: Median household income 96% higher than the West Virginia median; an average commute of 24 minutes; unemployment of 2.2%; a poverty rate of 6.5%.
Cons: Home values 126% higher than the state median.
The weather is best in May–June and August–September.
Cost of living in Cheat Lake
Housing is the biggest part of the cost of living. In Cheat Lake the median home value is $367,600, 10% higher than the U.S. median. Renters pay a median of $1,124 per month, which is 30.4% of household income. Homeowners with a mortgage pay $2,136 a month in housing costs.
Cheat Lake median household income
The median household income in Cheat Lake is $117,014 and the income per person is $67,787. 6.5% of residents live below the poverty line (West Virginia: 16.7%).
Housing in Cheat Lake: homes for sale and rent
- Housing units
- 4,758
- Owner-occupied
- 83.2%
- Renter-occupied
- 16.8%
- Vacant
- 7%Includes seasonal homes
- Median year built
- 1994
- Average household size
- 2.46
Cheat Lake demographics
- Population
- 10,902
- Median age
- 40.6
- Under 18
- 23.1%
- 65 and older
- 17.3%
- Households
- 4,423
- Foreign-born
- 4.4%
- Veterans
- 3.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Cheat Lake ›
Education in Cheat Lake
61.8% of adults 25 and older in Cheat Lake have a bachelor's degree or higher (West Virginia: 24.1%), and 41.4% have a graduate or professional degree.
Jobs and commute in Cheat Lake
- Unemployment rate
- 2.2%State: 5.4%
- Average commute
- 24 minState: 27 min
- Work from home
- 13.8%
- Drive alone
- 78.7%
- Public transit
- 0%
- Walk to work
- 0.1%
- Homes with broadband
- 94.5%
Cheat Lake vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Cheat Lake | 10,902 | $117,014 | $367,600 | $1,124 |
| Brookhaven | 6,212 | $88,438 | $261,000 | $1,104 |
| Morgantown | 30,236 | $44,727 | $259,400 | $937 |
| Point Marion | 1,178 | $60,298 | $88,800 | $946 |
| Springhill | 2,664 | $44,700 | $115,700 | $846 |
| Star City | 1,960 | $59,123 | $256,200 | $1,020 |
| Westover | 4,026 | $60,769 | $178,400 | $1,025 |
| Granville | 1,257 | $31,901 | $138,300 | $865 |
| Masontown | 518 | $54,643 | $120,500 | $688 |
More for people moving to Cheat Lake
Cheat Lake ZIP code ›Weather and climate ›Living in Cheat Lake: FAQ
What is the median household income in Cheat Lake, WV?
The median household income in Cheat Lake is $117,014, 96% higher than the West Virginia median of $59,608 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Cheat Lake?
The median home value in Cheat Lake is $367,600, compared with $162,600 in West Virginia.
How much is rent in Cheat Lake?
The median gross rent in Cheat Lake is $1,124 per month, about 30.4% of household income.
Is Cheat Lake, WV a good place to live?
Pluses: median household income 96% higher than the West Virginia median; an average commute of 24 minutes; unemployment of 2.2%; a poverty rate of 6.5%. Minuses: home values 126% higher than the state median.
What is the median age in Cheat Lake?
The median age in Cheat Lake is 40.6 years (West Virginia: 42.7).
How long is the commute in Cheat Lake?
The average commute to work in Cheat Lake is 24 minutes; 13.8% of workers work from home.
What is the unemployment rate in Cheat Lake?
The unemployment rate in Cheat Lake is 2.2% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Cheat Lake?
61.8% of adults in Cheat Lake have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
Last updated: