$48,037.
Table
| Population | |
|---|---|
| Transportation | |
| Mean travel time to work (minutes), workers age 16 years+, 2016-2020 | 26.1 |
| Income & Poverty | |
| Median household income (in 2020 dollars), 2016-2020 | $48,037 |
What does the average person make a year in WV?
In 2020, the average annual pay of employees in West Virginia totaled to 48,724 U.S. dollars. This is an increase from 2001 levels, when this figure stood at 27,981 U.S. dollars.
What is considered a good salary in West Virginia?
While ZipRecruiter is seeing salaries as high as $129,681 and as low as $19,548, the majority of salaries within the Average jobs category currently range between $47,200 (25th percentile) to $70,561 (75th percentile) with top earners (90th percentile) making $85,818 annually in West Virginia.
What is considered upper class in West Virginia?
How much does an Upper Class make in West Virginia? As of May 21, 2022, the average annual pay for the Upper Class jobs category in West Virginia is $50,335 a year. Just in case you need a simple salary calculator, that works out to be approximately $24.20 an hour. This is the equivalent of $968/week or $4,195/month.
Is it expensive to live in West Virginia?
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 is middle class in West Virginia?
The middle class is usually defined as the group of earners in the center of the earning scale.
How much you have to earn to be middle class in every state.
| State | Middle-class income | Median household income |
|---|---|---|
| West Virginia | $41,649 | $48,850 |
| Arkansas | $40,928 | $48,952 |
Is WV the poorest state?
West Virginia is the second-poorest U.S. state, with a $48,850 median household income and a poverty rate of 17.54%.
Is West Virginia a cheap place to live?
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.
How much do you need to live in West Virginia?
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.
What is minimum wage in WV?
Senate Bill 428 aims to raise the minimum wage in West Virginia. BRIDGEPORT, W.Va (WDTV) – Senate Bill 428 aims to raise the minimum wage in West Virginia. The Bill, introduced on Wednesday, would raise the minimum wage to $10.50 beginning on January 1, 2023, if passed. West Virginia’s current minimum wage is $8.75.
What is a Henry High Earner Not Rich Yet?
HENRY stands for “high earner, not rich yet,” and is typically a younger earner who enjoys an income of $100,000 to $250,000 a year. HENRYs don’t consider themselves to be wealthy, and they have a reputation for being good bargain hunters. Luxury-brand retailers tend to focus on this demographic.
What salary is considered rich?
For high earners, a three-person family needed an income between $106,827 and $373,894 to be considered upper-middle class, Rose says. Those who earn more than $373,894 are rich.
What salary range is middle class?
between $42,000 and $126,000
The Pew Research Center defines the middle class as households that earn between two-thirds and double the median U.S. household income, which was $61,372 in 2017, according to the U.S. Census Bureau. 21 Using Pew’s yardstick, middle income is made up of people who make between $42,000 and $126,000.
Is it cheaper to live in WV or VA?
An amount below 100 means West Virginia is cheaper than the US average. A cost of living index above 100 means West Virginia, West Virginia is more expensive.
West Virginia cost of living is 78.1.
| COST OF LIVING | West Virginia | United States |
|---|---|---|
| Overall | 78.1 | 100 |
| Grocery | 95.8 | 100 |
| Health | 106 | 100 |
| Housing | 41.7 | 100 |
Why is property so cheap in West Virginia?
Because the population centers are relatively small, the tax base for services is lower in West Virginia than in other parts of the country. The lower real estate costs can save you some money here too, but that also means there are fewer funds available for public services.
What is the cheapest state to live in?
Mississippi
Mississippi. Mississippi is the cheapest state to live in in the United States. Overall, costs in the state are 17% lower than the national average. Housing costs in Mississippi are the lowest in the nation.
What is the richest town in West Virginia?
Wheeling
Wealthiest City in West Virginia: Wheeling
Wheeling, West Virginia, population 27,062, is situated along the Ohio River in the foothills of the Appalachian Mountains.
What is considered low income?
By government standards, “low-income” earners are men and women whose household income is less than double the Federal Poverty Level (FPL). For a single person household, the 2019 FPL was $12,490 a year. That means that a single person making less than $25,000 a year would be considered low income.
How much do lower class people make?
Nearly one-third of American households, 29%, live in “lower class” households, the Pew Research Center finds in a 2018 report. The median income of that group was $25,624 in 2016. Pew defines the lower class as adults whose annual household income is less than two-thirds the national median.
Where is a good place to live in West Virginia?
Best Places to Live in West Virginia
- Bridgeport.
- Hurricane.
- Vienna.
- Dunbar.
- Morgantown.
- Nitro.
- South Charleston.
- New Martinsville.
Is West Virginia a good place to live?
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.
