Cost of Living & Housing in Romney
Romney's cost of living centers on housing that runs affordable relative to national figures, paired with Hampshire County's genuinely low property-tax profile within West Virginia's own already-low statewide picture.
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Learn moreHousing costs, and a real, disclosed year-over-year jump
Romney's own median property value ran approximately $184,400 in 2024, up a real, disclosed 22.9% from 2023's $150,000 -- this record flags that single-year jump as possibly reflecting a limited sales sample rather than a stable, ongoing trend (base record).
A genuinely low property tax rate, with a disclosed cross-source spread
Hampshire County's own median effective property tax rate ran 0.52% per Ownwell (a second source cited 0.40%) -- below West Virginia's own statewide anchor figures and well below the national median (base record).
West Virginia's 4.58% top income tax rate and full Social Security exemption
West Virginia's real, current 2026 individual income tax tops out at a 4.58% marginal rate on income above $60,000, with a full exemption for Social Security income complete for tax year 2026 (base record).
A below-state-median household income to weigh
Romney's own median household income ran approximately $49,286, with a poverty rate of approximately 25.91% -- both real, disclosed figures running less favorably than West Virginia's statewide median household income (base record).
Key takeaways
- Romney's median home value ran approximately $184,400 in 2024, up a real, disclosed 22.9% from 2023.
- Hampshire County's own property tax rate (0.52% per Ownwell, 0.40% per a second source) runs below West Virginia's statewide figures.
- West Virginia's 4.58% top income tax rate and full Social Security exemption apply in Romney as they do statewide.
- Romney's own median household income (~$49,286) runs below West Virginia's statewide median -- confirm current figures directly.
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