The cost of living in Martinsburg is about three percent cheaper than the national average. However, it is significantly more expensive than West Virginia's average, which is just 90. The high cost of living in Martinsburg is largely the result of housing. The town's housing index is 86 while the state's is only 58.
Compared to the rest of the U.S., Martinsburg is an affordable place to live. Within the state's context, however, it may seem quite expensive to people who wish to move to the town.
According to the U.S. Census, the median household income in Martinsburg was $53,515 between 2009 and 2013. The state's median household income was $41,043 during the same period.
Martinsburg, West Virginia Job Opportunities
Martinsburg has a diverse economy that makes it possible for people to pursue careers in a wide range of industries. The area is served by two large medical centers, as well as numerous clinics and private practices. These facilities provide opportunities for nurse practitioners and other related health care professionals.
Other important sectors include retail, shipping, engineering, and sales. People looking for sales jobs may want to explore opportunities with companies like Procter & Gamble, Macy's, Orgill, or Quad/Graphics.
Martinsburg, West Virginia Employment Trends
The Great Recession caused a significant increase in Martinsburg's unemployment rate. At the beginning of 2007, 4.6 percent of Martinsburg residents were considered unemployed. The national rate was the same. However, once jobs became more scarce, Martinsburg's unemployment rate climbed to over 10 percent, peaking in 2010 before it started to fall.
In August 2015, the area's unemployment rate reached 5.3 percent, the lowest it had been since mid-2007. The national rate was 5.3 percent during the same month. This suggests that Martinsburg's recovery is similar to that of the United States.