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West Virginia Yearly Expenses by Quarter
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Multi-State
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US-174-AZ
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How to fill out Yearly Expenses By Quarter?
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FAQ
Groceries are about 18 percent cheaper on average in West Virginia than in Washington, DC. Since food expenses make up about 15 percent of the typical budget, this savings adds up quickly.
Beckley, West Virginia, is the epitome of small-town America. The metro area takes pride in its involved community, is rich in history, has a main street, and is the cheapest place to live in the US.
The overall cost of living in West Virginia is about 10 percent below the national average, and it's much lower in certain cities and towns.
Research done by 'MOVE.ORG' finds the average West Virginian spends about $427.19 a month at the grocery store. That is $71.69 more than the national average. Honolulu, Hawaii ranks number one when it comes to spending at the grocery. The average resident in Honolulu pays $556.76 every month.
The Beckley, West Virginia, metro area is the cheapest place to live in the US. The median home listing price is $129,900 and there are plenty of free entertainment and outdoor recreational activities, contributing to a low cost of living.
According to the U.S. Census Bureau, West Virginia had a debt of $7,123,763,000 in fiscal year 2015. The state debt per capita was $3,869. This ranked West Virginia 35th among the states in debt and 15th in per capita debt. The total state debt owned by the 50 states was $1.15 trillion with a per capita debt of $3,582.
A study by Move.org found that Virginia ranked ninth least expensive groceries in the United States. The study found the national average for groceries is $355.50 a month per person; however, the average cost in Virginia is only $298.01.
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.
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.
In the fiscal year of 2020, Virginia's state debt stood at about 28.92 billion U.S. dollars.
