Institute, WV
Population 690 · West Virginia
About Institute, WV
Institute is a small community in West Virginia with a population of 690 residents. The median household income is $47,625 per year, which is below the national average. The median age in Institute is 23 years.
Housing in Institute has a median home value of $93,000 and median monthly rent of $988. Of the 249 total housing units, the majority are owner-occupied, with 163 owner-occupied and 47 renter-occupied units.
The unemployment rate in Institute is 0.0% and the poverty rate is 7.5%. 45.5% of residents hold a bachelor's degree or higher. The average commute time is 15 minutes.
How Institute Ranks in West Virginia
Cost of Living in Institute, WV
Compared to national averages, Institute has a median household income of $47,625 (37% below the national median of $75,149). Home values average $93,000, which is 62% below the national median. Monthly rent at $988 is 15% below the US average of $1,163. Within West Virginia, Institute's income is 12% below the state average of $54,014, and home values are 28% below the state median of $128,301.
Why Live in Institute, WV?
Institute offers affordable housing with a median home value of $93,000, below the US average of $244,900, and rent that’s lower than the national average at $988/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features a well-educated community where 45.5% of residents hold a bachelor’s degree or higher, and a low poverty rate of 7.5%, better than the national average, and short commute times averaging just 15 minutes.
Potential considerations include median household income ($47,625) that falls below the national average. However, Institute’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Institute has a population of 690 with a median age of 23 years. Compare Institute with other cities to see how it stacks up, or explore all cities in West Virginia.
Similar Cities Near Institute
Cities in West Virginia with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Piney View | 692 | $44,886 | $135,900 | Compare |
| Hometown | 699 | $40,500 | $167,600 | Compare |
| Mill Creek | 699 | $47,457 | $112,500 | Compare |
| Rivesville | 701 | $61,678 | $132,400 | Compare |
| Crooked Creek | 675 | $40,104 | $0 | Compare |
| Beverly | 713 | $34,583 | $118,900 | Compare |
| Valley Bend | 713 | $93,352 | $253,500 | Compare |
| Kopperston | 717 | $22,500 | $45,800 | 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 Institute
What is the population of Institute, WV?
The population of Institute, WV is 690 according to the latest Census data.
What is the median household income in Institute?
The median household income in Institute, WV is $47,625 per year.
What is the median home value in Institute?
The median home value in Institute, WV is $93,000.
What is the average rent in Institute?
The median monthly rent in Institute, WV is $988.
What is the unemployment rate in Institute?
The unemployment rate in Institute, WV is 0.0%.