1. Introduction
West Virginia, known for its stunning nature, rich Appalachian cuisine, and charming towns, has become an increasingly popular destination for retirees seeking a peaceful lifestyle.
2. Affordable Living
According to a recent study by Bankrate, West Virginia ranks first in affordability and third overall for retirement in the U.S., following Iowa and Delaware. Additionally, the state is ranked as one of the top 20 safest states, placing 16th. Census data reveals that approximately 1.77 million residents, or one-fifth of its population, are 65 or older, indicating a sizable retirement community.
3. Low Cost of Living
“West Virginia is a great place to retire due to lower cost of living and a reduced tax burden. Real estate is less expensive compared to many other states, making it an appealing option,” says Kim Jarrouj, a realtor with Exp Realty in Huntington.
Western Virginia boasts one of the lowest real estate property tax rates in the nation at just 0.55 percent. Additionally, as of 2022, the state has stopped taxing Social Security benefits.
4. Affordable Housing Options
According to SeniorLiving.org, the average rent for a one-bedroom apartment in West Virginia is $552 per month, while a two-bedroom apartment costs around $678, significantly lower than the national average of $1,027. Furthermore, the estimated monthly income needed for a senior’s comfortable living in the state is $3,241, which includes assistance with grocery shopping, meal preparation, and running errands.
5. Preferred Living Conditions
Most retirees express a preference for low-maintenance living, desiring proximity to family, hospitals, parks, bookstores, and coffee shops. “Some look for tower condo living with amenities, while others prefer single-family homes and condos with minimal yard upkeep,” Jarrouj explains.
6. Diverse Recreational Opportunities
West Virginia’s numerous state parks and resorts, such as Greenbrier, Pipestem Resort State Park, Oglebay Resort, and New River Gorge National Park and Preserve, provide ample recreational opportunities for retirees. The capital city, Charleston, organizes a vibrant 10-day summer festival featuring live music, food trucks, boat races, and various cultural events throughout the year.
7. Conclusion
In conclusion, West Virginia offers a variety of food options, eclectic shops, live music, and rich cultural experiences. It is an inviting destination where retirees can find both relaxation and community engagement.
