Cheat Lake, WV

Full City Profile · West Virginia · Preston County County

5.0 /5.0
A+ Excellent
10,485 Population 731/sq mi density
$111,379 Median Income $65,868 per capita
$345,500 Home Value $271,933 Zillow
$1,113 Median Rent 29.3% income on rent
54°F Avg Temperature
A+
Overall
5.0 / 5.0
Strong
A+
Economy
5.0 / 5.0
$111,379 median income, 2.0% unemployment
A+
Affordability
4.9 / 5.0
$345,500 home value, $1,113/mo rent
A+
Education
5.0 / 5.0
58.7% bachelor's degree or higher

Cheat Lake, WV

At a Glance

Median Income
$111,379
48% above
$65,868 per capita
Home Value
$345,500
23% above
Zillow: $271,933
Median Rent
$1,113/mo
4% below
29.3% of income on rent
Bachelor's Degree+
58.7%
74% above
97.7% high school+
Unemployment
2.0%
44% below
4.1% poverty rate
Obesity Rate
29.3%
9% below
10.5% smoking rate
Avg Temperature
54°F

How Cheat Lake Compares to the U.S. Average

Each bar shows Cheat Lake's value as a percentage of the national average (100% = U.S. avg)

Income
148%
Home Value
123%
Rent
96%
Poverty
33%
Bachelor's
174%
Unemployment
56%
Thin vertical line = U.S. national average (100%)

Is Cheat Lake a Good Place to Live?

A+
5.0 / 5.0 - Excellent
Based on economy, affordability, safety, and education metrics compared to national averages.

Economy & Jobs

Cheat Lake residents earn a median household income of $111,379 , which is 48% above the national average of $75,149. Per capita income is $65,868. The unemployment rate stands at 2.0% (44% below the U.S. rate of 3.6%). 4.1% of residents live below the poverty line. The area is home to 884 business establishments, including 31 restaurants.

Housing & Cost of Living

The median home value in Cheat Lake is $345,500 , 23% above the national median of $281,900. Zillow estimates the typical home at $271,933. Median rent is $1,113/month, with 29.3% of renters spending more than 30% of income on housing. The cost of living index is 89.5 (100 = national average). The median home was built in 1992.

Education

58.7% of adults in Cheat Lake hold a bachelor's degree or higher (74% above the national average). 97.7% have completed high school. Local schools score 4.5/10 in standardized testing.

Climate & Weather

Cheat Lake has an average annual temperature of 54°F (12°C). Winters average 32°F in January while summers reach 74°F in July. Annual precipitation totals 43.2 inches.

Data Overview

People

Population10,485
Median Age41.5 yrs
Density731/mi²
Male / Female49% / 51%
Foreign Born4.4%
Veterans5.4%

Economy

A+
Median Income$111,379
Per Capita$65,868
Unemployment2.0%
Poverty4.1%
County GDP$1,012M
Avg Weekly Wage$1,065

Housing

A+
Home Value$345,500
Rent$1,113
Ownership80.2%
Zillow$271,933
Housing Units4,408
Rent Burden29.3%

Health

Obesity29.3%
Diabetes9.0%
Smoking10.5%
Heart Disease4.6%
Premature Death11,315/100K

Climate

Avg Temp54°F
Rain43.2 in/yr
Elevation1,282 ft

Education

A+
Bachelor's+58.7%
High School+97.7%
Graduate+36.7%
School Score4.5/10

Community

2024 VoteR 77% / D 20%
Commute23 min
Broadband93.8%
Internet Speed84 Mbps
EV Stations18
Libraries2

Did You Know?

The median home in Cheat Lake was built in 1992.
The nearest airport is Arnold Palmer Regional (48 miles).
The Gini coefficient (income inequality) is 0.416 (U.S. avg: 0.490).
Natural hazard risk is rated "Very Low" by FEMA.
10.1% of the population has a disability.
The county recorded 6 fatal vehicle crashes.