Financial Profile: West Virginia
Financial landscape, tax rates, cost of living, and median income scoring for West Virginia residents.
West Virginia at a Glance
Avg Salary
$46,000
Cost of Living
86
Top Tax Rate
5.1%
Adjusted Income
$53,488
Monthly Take-Home
$3,049
Max Rent (30%)
$1,150
Financial Genome at Median Income
Scores calculated for someone earning $46,000/yr in West Virginia with typical expenses.
PPI
40
C
FPI
25
F
LRS
56
C+
REW
30
D
Living in West Virginia: Financial Overview
West Virginia has graduated income tax rates from 2.36% to 5.12%.
- Very low cost of living
- Tax rates being reduced
- Remote work incentives
Major Cities
Charleston, Huntington, Morgantown, Parkersburg
With a cost of living index of 86 (below the national average of 100), your dollar goes further in West Virginia. A $60,000 salary here has the purchasing power equivalent of $69,767 in an average-cost area.
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