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West Virginia Yearly Expenses
Category:
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Multi-State
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US-175-AZ
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Word;
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FAQ
The overall cost of living in West Virginia is about 10 percent below the national average, and it's much lower in certain cities and towns.
While West Virginia is generally considered a low cost-of-living state, according to the ACS, the median income for a married-couple family in West Virginia was $58,220. That means the typical family would have to spend nearly every dollar it has just to live comfortably.
According to data from the West Virginia Department of Commerce, West Virginia's cost of living is 94.4, or 5.6 percent below the national average. West Virginia's price for an average home is 38.5 percent below the national average and one-third the price of homes in the Washington, D.C., area.
There are many advantages to living in this small but mighty state, including low costs, room to roam and grow, proximity to major cities, tight-knit communities and access to top-notch outdoor recreation. So, to quote another song commonly sung by West Virginia 4-H members, we invite you to come home to West Virginia.
CLARKSBURG West Virginia remains among the nation's most affordable states to live, despite data from the U.S. Department of Labor Statistics showing the cost of living continues to rise nationwide.
The average annual cost of living for a family of four in the area is just $71,994, $7,580 less than it is across the state as a whole.
While West Virginia is generally considered a low cost-of-living state, according to the ACS, the median income for a married-couple family in West Virginia was $58,220. That means the typical family would have to spend nearly every dollar it has just to live comfortably.
How much money do you need to live comfortably in Virginia? According to livingwage.mit.edu, a living wage calculator based at MIT, you'll need a salary of at least $26,631 if you have no children. If you are one adult with two children, you'll need $61,780 after taxes.
According to the National Low Income Housing Coalition's 2020 Out of Reach report, to comfortably pay rent in West Virginia, the minimum wage should be around $14.97.
