Cheat Lake, WV
Population 10,485 · West Virginia
About Cheat Lake, WV
Cheat Lake is a mid-sized city in West Virginia with a population of 10,485 residents. The median household income is $111,379 per year, which is above the national average. The median age in Cheat Lake is 41.5 years.
Housing in Cheat Lake has a median home value of $345,500 and median monthly rent of $1,113. Of the 4,555 total housing units, the majority are owner-occupied, with 3,413 owner-occupied and 844 renter-occupied units.
The unemployment rate in Cheat Lake is 2.0% and the poverty rate is 5.4%. 58.7% of residents hold a bachelor's degree or higher. The average commute time is 23.3 minutes.
How Cheat Lake Ranks in West Virginia
Cost of Living in Cheat Lake, WV
Compared to national averages, Cheat Lake has a median household income of $111,379 (48% above the national median of $75,149). Home values average $345,500, which is 41% above the national median. Monthly rent at $1,113 is 4% below the US average of $1,163. Within West Virginia, Cheat Lake's income is 106% above the state average of $54,014, and home values are 169% above the state median of $128,301.
Why Live in Cheat Lake, WV?
Cheat Lake offers a strong local economy with a median household income of $111,379, well above the national average, and rent that’s lower than the national average at $1,113/month, and a strong job market with an unemployment rate of just 2.0%. Additionally, the city features a well-educated community where 58.7% of residents hold a bachelor’s degree or higher, and a low poverty rate of 5.4%, better than the national average, and short commute times averaging just 23.3 minutes.
Cheat Lake has a population of 10,485 with a median age of 41.5 years. Compare Cheat Lake with other cities to see how it stacks up, or explore all cities in West Virginia.
Similar Cities Near Cheat Lake
Cities in West Virginia with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Vienna | 10,575 | $65,211 | $155,500 | Compare |
| St. Albans | 10,637 | $58,788 | $131,800 | Compare |
| Cross Lanes | 10,172 | $62,704 | $144,000 | Compare |
| Bluefield | 9,511 | $43,826 | $101,000 | Compare |
| Bridgeport | 9,292 | $99,936 | $276,700 | Compare |
| Oak Hill | 8,057 | $51,799 | $110,400 | Compare |
| Moundsville | 7,934 | $48,590 | $108,500 | Compare |
| South Charleston | 13,594 | $59,616 | $144,800 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in West Virginia
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Cheat Lake
What is the population of Cheat Lake, WV?
The population of Cheat Lake, WV is 10,485 according to the latest Census data.
What is the median household income in Cheat Lake?
The median household income in Cheat Lake, WV is $111,379 per year.
What is the median home value in Cheat Lake?
The median home value in Cheat Lake, WV is $345,500.
What is the average rent in Cheat Lake?
The median monthly rent in Cheat Lake, WV is $1,113.
What is the unemployment rate in Cheat Lake?
The unemployment rate in Cheat Lake, WV is 2.0%.