Cost of Living in Morgantown, WV

How far does a $70,000 salary go in Morgantown? Estimated income taxes on that gross salary total approximately $9,937 per year — combining federal taxes with West Virginia's state income tax. Subtract rent for a 2-bedroom apartment ($1,099/month based on HUD Fair Market Rents for the Morgantown metro area) and the estimated annual take-home is $46,875, or roughly $3,906 per month for everything else: food, transportation, savings, and discretionary spending.

The Morgantown metro has a cost of living index of 66.1 according to the Bureau of Economic Analysis Regional Price Parities (national average = 100). At 34% below the national average, Morgantown is a genuinely affordable metro where everyday expenses stretch further than in most cities.

At a $70,000 salary, the estimated 2-bedroom rent in Morgantown represents approximately 19% of gross income. That is well within the 30% rule of thumb that financial advisors typically recommend, leaving significant room for savings and discretionary spending.