How Much Does It Cost To Live In West Virginia?

by | Last updated on January 24, 2024

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COST OF LIVING West Virginia United States Housing 41.7 100 Median Home Cost $114,600 $291,700 Utilities 85.9 100 Transportation 90.1 100

How much money do you need to live in WV?

West Virginia Housing Costs

The typical renter in West Virginia spends $711 a month on housing, $312 less than the $1,023 national median monthly rent. Monthly rent for a one-bedroom in the state is $527, while the typical rent for a unit with five or more bedrooms is $902.

Is West Virginia a good place to live?

Locals have said their Mountain State neighbors have a “strong sense of community,” and that they are “unpretentious” and “humble.” Others even said West Virginians are pretty much the “nicest people on the planet,” and even though their state pride runs deep, they’re very welcoming to outsiders.

What is the average cost of housing in West Virginia?

The average home value in West Virginia is $107,064 (the lowest in the nation), making W.Va. the most affordable state to buy a house, according to the study.

Is it cheaper to live in Florida or West Virginia?

West Virginia is 9.0% cheaper than Florida .

What’s the cheapest state to live in?

1. Mississippi . The cheapest state to live in in the United States is Mississippi. Overall, Mississippi’s average cost of living is about 15% lower than the national average cost of living.

Is living in West Virginia expensive?

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.

What are the pros and cons of living in West Virginia?

  • Low cost of living.
  • Relaxed small cities and towns.
  • Abundant outdoor activities.
  • Weather marked by all 4 seasons.
  • Proximity to larger cities.
  • Lack of economic growth and jobs.
  • Poor quality government services.
  • High crime rates.

Do you get paid to live in West Virginia?

For starters, you’ll get paid $12,000 to move to West Virginia . During your first year in the state, you’ll receive the first $10,000 spread out in equal monthly payments. You’ll get your final $2,000 at the end of your second consecutive year. But the perks don’t stop there.

What should I know before moving to West Virginia?

  • Your friends back home will all tell you about the relatives they have in Richmond. ...
  • It will take more time to get places than you expect. ...
  • You’ll want a 4-wheel drive in the winter. ...
  • Make blue and gold part of your wardrobe. ...
  • Your internet options might be limited.

Is West Virginia rich or poor?

West Virginia is the second-poorest U.S. state , with a $48,850 median household income and a poverty rate of 17.54%. West Virginia’s educational attainment levels are on the low side, with the lowest percentage of adults with a Bachelor’s degree or higher, and has the second-lowest life expectancy of 74.8.

What are the benefits of living in West Virginia?

  • The cost of living in West Virginia is very competitive. ...
  • There are plenty of outdoor adventures to find in West Virginia. ...
  • You’ll get to live where the bluegrass genre began. ...
  • Even the biggest cities in West Virginia are relatively small.

Why is West Virginia so poor?

West Virginia’s economy depends heavily on its mineral resources so the declining coal production and low energy prices in recent years have hurt the state’s economy. Mining safety and ecological concerns are also major challenges to West Virginia, which still produces the majority of the coal used in the U.S.

Is it cheaper to live in West Virginia or Pennsylvania?

West Virginia is 13.8% cheaper than Pennsylvania .

Why you should move to West Virginia?

West Virginia is widely known for its low cost of living, historical coal mining, and beautiful scenery . It is considered by many to be somewhat of a hidden gem. If you LOVE the outdoors then West Virginia just might be your dream state!

Which state is expensive to live in USA?

Hawaii is the most expensive state to live in in the United States . Hawaii has a cost index of 196.3. The average home price in Hawaii is $1,158,492. The utility index is the highest in the country at 189.5, and the average monthly energy bill is $388.65.

What’s the most expensive states to live in?

  • Hawaii.
  • California.
  • Massachusetts.
  • New Jersey.
  • Connecticut.

Which states have the highest cost of living?

  • New Jersey. A ‘For Sale’ sign is displayed outside of a house in Oradell, New Jersey. ...
  • Rhode Island. ...
  • Connecticut. ...
  • Maryland. ...
  • Alaska. ...
  • Massachusetts. ...
  • Oregon. ...
  • 3. California.

Which state has the lowest cost of living 2021?

  • Indiana. Average cost of living index: 90.57. ...
  • Michigan. Average cost of living index: 90.40. ...
  • Missouri. Average cost of living index: 89.75. ...
  • Missouri. Average cost of living index: 89.75. ...
  • Tennessee. Average cost of living index: 89.49. ...
  • Georgia. ...
  • Alabama. ...
  • Arkansas.

What is the safest and cheapest state to live in?

  1. Mississippi. Mississippi earned the top affordability spot from the Council for Community and Economic Research. ...
  2. Kansas. ...
  3. Oklahoma. ...
  4. Alabama. ...
  5. Tennessee. ...
  6. Arkansas. ...
  7. Georgia. ...
  8. Indiana.

What is the strongest state?

Wisconsin was named the strongest state in America, according to a study based on data from the International Powerlifting Federation. The study looked at the home state of every ranked powerlifter, a group of more than 15,000 people, and determined which states produced the most strong men and women per capita.

Is West Virginia a red state?

West Virginia is now a heavily Republican state, with John McCain winning the state in 2008, Mitt Romney in 2012 and Donald Trump in 2016 and 2020. In a 2020 study, West Virginia was ranked as the 16th hardest state for citizens to vote in.

How safe is WV?

West Virginia fares pretty well among the states in crime, posting the 15th lowest property crime rate and 23rd lowest violent crime rate , both of which are below the U.S. national average.

What are winters like in West Virginia?

Winter average minimum temperatures range from the low 20s (°F) in the mountainous central and northeastern portions of the state to around 30°F in the far south . The central portion of West Virginia receives 50 or more inches of precipitation per year, while the west, along the Ohio River, receives around 40 inches.

Where should you not live in West Virginia?
  • Parkersburg.
  • Princeton.
  • Martinsburg.

What is the racial makeup of West Virginia?

West Virginia Demographics

White: 93.08% Black or African American: 3.69% Two or more races: 1.77% Asian: 0.80%

Is WV a good state to retire in?

West Virginia was recently ranked the third-best state to retire to after Florida and Texas .

Ahmed Ali
Author
Ahmed Ali
Ahmed Ali is a financial analyst with over 15 years of experience in the finance industry. He has worked for major banks and investment firms, and has a wealth of knowledge on investing, real estate, and tax planning. Ahmed is also an advocate for financial literacy and education.