West Virginia Cost Of Living Statistics


Steve Goldstein
Steve Goldstein
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West Virginia Cost Of Living Statistics 2023: 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 2023? 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.

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Top West Virginia Cost Of Living Statistics 2023

☰ 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]

Also Read

How Useful is West Virginia Cost of Living

West Virginia is known for its scenic beauty, outdoor recreational activities, and welcoming communities. But beyond these attractions, many people are drawn to the Mountain State because of its affordable cost of living. This factor is particularly appealing for individuals and families looking to stretch their budgets further without sacrificing the quality of life they desire.

Whether it’s the price of housing, groceries, utilities, healthcare, or transportation, the cost of living in West Virginia tends to be lower than in many other parts of the country. This can be especially enticing for young professionals starting their careers, retirees looking to live on a fixed income, or families wanting to make sure their income goes further.

Lower housing costs, in particular, are a major draw for many people considering a move to West Virginia. Whether you’re looking to buy or rent, there are ample options available across the state that are more affordable than what you might find in larger urban centers. This can make it easier to find a place that meets your needs and fits within your budget.

Similarly, other essentials like groceries and healthcare also tend to be more budget-friendly in West Virginia compared to other states. This can help individuals and families save money on their day-to-day expenses, giving them more financial breathing room to enjoy life outside of worrying about the next bill.

Moreover, the overall lower cost of living can have a positive impact on the overall quality of life for residents of West Virginia. When people aren’t struggling to meet their basic needs or feeling the financial strain of living in an expensive area, they’re more likely to be able to enjoy the amenities and opportunities available to them. This can lead to a greater sense of well-being and satisfaction with one’s day-to-day life.

Of course, like any state, there are trade-offs that come with the lower cost of living in West Virginia. While you may pay less for housing, groceries, and other essentials, you may find that your earning potential is lower than it would be in other parts of the country. Additionally, some amenities or services you might be accustomed to in a larger city may not be as readily available in more rural areas of West Virginia.

Overall, the usefulness of the cost of living in West Virginia comes down to individual circumstances and preferences. For some, the lower costs and slower pace of life may be just what they’re looking for to improve their overall quality of life. For others, the trade-offs may not be worth the savings. Regardless, it’s clear that the affordability of living in West Virginia continues to draw interest from many individuals and families looking to make a change for the better.

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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