West Virginia Cost Of Living Statistics


Steve Bennett
Steve Bennett
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West Virginia Cost Of Living Statistics 2025: Facts about Cost Of Living in West Virginia reflect the current socio-economic condition of the state.

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LLCBuddy editorial team did hours of research, collected all important statistics on West Virginia Cost Of Living, and shared those on this page. Our editorial team proofread these to make the data as accurate as possible. We believe you don’t need to check any other resources on the web for the same. You should get everything here only 🙂

Are you planning to start a West Virginia LLC business in 2025? Maybe for educational purposes, business research, or personal curiosity, whatever it is – it’s always a good idea to gather more information.

How much of an impact will West Virginia Cost Of Living Statistics have on your day-to-day? or the day-to-day of your LLC Business? How much does it matter directly or indirectly? You should get answers to all your questions here.

Please read the page carefully and don’t miss any words.

Top West Virginia Cost Of Living Statistics 2025

☰ Use “CTRL+F” to quickly find statistics. There are total 14 West Virginia Cost Of Living Statistics on this page 🙂

West Virginia Cost Of Living “Latest” Statistics

  • West Virginia has the lowest renter rate of any state, with 27.1% of occupied residences in the state being leased for less than the national average of 36.2%.[1]
  • More than 1 in 10 individuals in West Virginia had diabetes, making the state the second highest in the country.[2]
  • The Morgantown metro region is the most costly in the state, where the cost of goods and services is 2.1% more expensive than the average for the whole state while being 10.1% less expensive than the national average.[1]
  • West Virginia’s proportion of people who were born abroad in 2018 was 16.4%, which indicates that the rate has been rising.[3]
  • Private insurance covers over half of West Virginia people (45.1%), followed by Medicare (24.3%) and Medicaid (15.9%).[2]
  • In the previous year, 14.6% of West Virginia residents could not afford necessary medical care.[2]
  • The rate of uninsured persons in West Virginia aged 18-64 was at an all-time low of 9.3%, compared to 14.1% overall.[2]
  • In West Virginia in 2021, 11.2% of the population had significant housing difficulties.[3]

West Virginia Cost Of Living “Latest” Statistics

  • Employment in West Virginia fell by 0.00182% between 2019 and 2020, from 714k to 714k workers.[3]
  • Agriculture, Forestry, Fishing & Hunting, & Mining ($63,909), Transportation & Warehousing, & Utilities ($53,639), and Public Administration ($51,714) have the highest median incomes for males in 2020 in West Virginia.[3]
  • Public Administration ($39,566), Manufacturing ($38,554), and Wholesale Trade ($35,656) have the highest median wages for women in 2020 in West Virginia.[3]
  • West Virginia has 145 million people employed as of May 2021, representing an 8.45% increase in employment over May 2020.[3]
  • The median household income in West Virginia increased to $48,037 in 2020, up from $46,711 the previous year.[3]
  • In 2020, 82% of West Virginia employees traveled alone to work, followed by 8.64% who carpooled and 4.57% who worked from home.[3]

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How Useful is West Virginia Cost of Living

One of the key advantages of the low cost of living in West Virginia is the increased purchasing power that it affords residents. With lower costs for essentials such as housing, groceries, and healthcare, individuals can potentially save more money or afford a higher standard of living compared to other states with higher costs. This can be particularly beneficial for those on fixed incomes or with limited financial resources, as they can stretch their dollars further in West Virginia.

Moreover, a lower cost of living can also lead to a higher overall quality of life for residents. With more disposable income, individuals may have greater opportunities for leisure activities, travel, or investments in personal development. This can ultimately contribute to a better work-life balance and an increased sense of well-being for those living in West Virginia.

In addition to financial benefits, the lower cost of living in West Virginia may also make it a more attractive destination for businesses and entrepreneurs. With lower operating costs, businesses can potentially increase their profit margins or invest more in growth opportunities. This can, in turn, lead to job creation and economic growth in the state, benefiting both residents and the overall economy.

Another crucial aspect of the West Virginia cost of living is its impact on housing affordability. With relatively lower housing costs compared to other states, individuals and families may have more options when it comes to choosing a place to live. This can be especially important for first-time homebuyers or those looking to downsize their living expenses.

Furthermore, the low cost of living in West Virginia can also make it a more attractive destination for retirees or those looking to start a new chapter in their lives. The affordability of the state allows individuals to potentially stretch their retirement savings further, providing a more secure and comfortable lifestyle in their later years.

Overall, while the West Virginia cost of living may have its benefits in terms of affordability and purchasing power, its usefulness extends far beyond financial considerations. The lower cost of living can lead to a higher quality of life, increased opportunities for businesses and entrepreneurs, greater housing affordability, and a more attractive destination for retirees. As such, the West Virginia cost of living can be a valuable factor to consider for individuals and families looking to improve their overall well-being and financial security.

Reference

  1. 247wallst – https://247wallst.com/state/cost-of-living-in-west-virginia/
  2. wv – https://dhhr.wv.gov/hpcd/data_reports/pages/fast-facts.aspx
  3. datausa – https://datausa.io/profile/geo/west-virginia

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