🎯 Savings Goal Calculators West Virginia

West Virginia Savings Goal Calculator

Plan your savings goals in West Virginia. Cost of living index 84.1, median income $48,850. See how long to save for your goal with interest.

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

Savings goal projection for West Virginia with cost-of-living context. Uses compound interest formula with monthly contributions. West Virginia's cost of living index of 84.1 (100 = national average) means your savings stretch further than in the average state. The COL-adjusted figure shows what your goal would be at the national average cost of living.

Key State Information

West Virginia savings context: Median income $48,850/yr | Cost of living 84.1 (below average) | Recommended 6-month emergency fund: $24,425 | State tax rate up to 5.12%.

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

Data Source

Bureau of Labor Statistics, Census Bureau

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

Frequently Asked Questions

How much should I save in West Virginia?

Financial experts recommend a 6-month emergency fund. In West Virginia (cost of living index 84.1), that's approximately $24,425 based on median income. Beyond that, aim to save 15-20% of gross income for retirement and other goals.

How long does it take to save $10,000 in West Virginia?

At West Virginia's median household income of $48,850, saving 15% ($611/mo) at 4.5% APY, you'd reach $10,000 in about 16 months. Higher contributions or returns shorten this timeline.