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Institute, WV
Full City Profile · West Virginia · Putnam County County
3.6
/5.0
B+
Good
690
Population
2,464/sq mi density
$47,625
Median Income
$16,807 per capita
$93,000
Home Value
$119,684 Zillow
$988
Median Rent
29.4% income on rent
54°F
Avg Temperature
297 sunny days/yr
166
Violent Crime/100K
2,404 property/100K
B+
Overall
3.6 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.7 / 5.0
$47,625 median income, 0.0% unemployment
A+
Affordability
5.0 / 5.0
$93,000 home value, $988/mo rent
F
Safety
1.0 / 5.0
166 violent crimes/100K
A+
Education
4.6 / 5.0
45.5% bachelor's degree or higher
Income Overview
Median Household Income
$47,625
37% below
US avg: $75,149
Per Capita Income
$16,807
57% below
US avg: $39,052
Unemployment Rate
0.0%
100% below
US avg: 3.6%
Poverty Rate
10.0%
19% below
US avg: 12.4%
Income Comparison: Institute vs. U.S. Average
Each bar shows Institute’s value as a percentage of the national average (100% line = U.S. avg)
Median Household
US: $75,149
$47,625
63%
Per Capita
US: $39,052
$16,807
43%
IRS Avg AGI
US: $72,000
$78,515
109%
Avg Weekly Wage
US: $1,432
$1,238
86%
Thin line = U.S. average (100%)
Employment & Commute
Avg Weekly Wage
$1,238
14% below US avg ($1,432)
Mean Commute Time
15 min
46% below US avg (28 min)
Work From Home
0.7%
95% below US avg (15.2%)
Drive Alone
46.1%
37% below US avg (73.2%)
Public Transit
28.0%
460% above US avg (5.0%)
County GDP
$3,832M
County-level GDP (BEA 2024)
How Residents Get to Work
Drive Alone
46.1%
Public Transit
28%
Work From Home
0.7%
Other
25.2%
Average commute time
15 minutes
US avg: 28 min
Business Landscape
Total Establishments
1,894
Restaurants
100
Healthcare
137
Retail
171
Manufacturing
45
Tax & Financial
IRS Avg Adjusted Gross Income
$78,515
9% above US avg ($72,000)
Avg Property Tax
$2,677
24% below US avg ($3,500)
Cost of Living Index
89.5
Below national average (100 = US avg)
Complete Economy Data
Income & Wages
| Median Household Income | $47,625 |
| Per Capita Income | $16,807 |
| IRS Avg Adjusted Gross Income | $78,515 |
| Avg Weekly Wage | $1,238 |
| County GDP | $3,832M |
Hardship Indicators
| Unemployment Rate | 0.0% |
| Poverty Rate | 10.0% |
| Gini Coefficient | 0.424 |
| Cost of Living Index | 89.5 |
Commute
| Mean Commute | 15 minutes |
| Drive Alone | 46.1% |
| Public Transit | 28.0% |
| Work From Home | 0.7% |
Businesses
| Total Establishments | 1,894 |
| Restaurants | 100 |
| Healthcare | 137 |
| Retail | 171 |
| Manufacturing | 45 |
Tax
| IRS Avg AGI | $78,515 |
| Avg Property Tax | $2,677 |