📈 Investment & Retirement Calculators West Virginia

West Virginia Retirement Calculator

Plan your retirement in West Virginia. Factor in lower cost of living and state income tax. Free calculator.

Free — No Sign-up Verified Data Editorially Reviewed Updated Feb 2026

West Virginia Quick Facts

5.1% Income Tax Rate

0.58% Property Tax Rate

$48,850 Median Income

84.1 Cost of Living

How This Calculator Works

Calculation methodology and assumptions

Retirement planning for West Virginia. West Virginia taxes retirement income at rates up to 5.12%. Cost of living index: 84.1 (100 = national avg). Desired income is pre-filled based on 80% of West Virginia's median household income, adjusted for local costs. Uses compound growth with 4% safe withdrawal rate.

Key State Information

Retiring in West Virginia: West Virginia taxes retirement income at rates up to 5.12%. Cost of living: 84.1/100. Property tax: 0.58%. Median home: $135,000. Average home insurance: $1,450/yr.

Standard financial formulas Pre-filled with real state data Estimates only — not financial advice

Data Source

Census Bureau, Tax Foundation, SSA

View Original Source | Verified 2024-12-01 | Updated annually

Frequently Asked Questions

Is West Virginia a good state to retire in?

West Virginia's state income tax of up to 5.12% may reduce retirement income significantly. Cost of living is below average (very affordable!). Median home price: $135,000.

How much do I need to retire in West Virginia?

Using the 4% rule, to generate $3,257/month (80% of West Virginia median income) you'd need approximately $977,000 saved. Adjust up or down based on your lifestyle and housing costs.