THE ECONOMIC ADVANTAGE OF THE WVHAZ
The cost of living in the West Virginia Hardwood Alliance Zone (WVHAZ) remains significantly lower than the national average, making it an attractive area for families and businesses alike. The overall cost of living index for the region is approximately 12% lower than the U.S. average.
UPDATED BREAKDOWN OF LIVING COSTS
For a two-parent, two-child family, the typical monthly and annual expense in West Virginia are as follows:
- Housing: $860/month (39.9% cheaper than the national average)
- Food: $715/month
- Childcare: $660/month (state average)
- Transportation: $850/month
- Healthcare: $1,150/month
- Other Necessities: $520/month
- Taxes: $490/month
Total Annual Living Costs: $78,100
KEY ECONOMIC BENEFITS OF WVHAZ:
- Affordable housing, with a median home price of $139,700 (58.7% below the national average)
- Competitive wages combined with low living costs create an ideal environment for workforce stability and business growth.
These updated statistics highlight the economic advantages of the WVHAZ, emphasizing its affordability for families and businesses alike.