Salary & Cost of Living in Morgantown, WV
Morgantown, WV: $52,000 median salary, cost of living index 90, $8.75/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$52,000
$25/hr
Cost of Living
90
US avg = 100
Minimum Wage
$8.75
per hour
Unemployment
3%
rate
Morgantown, WV Overview
Population
30,955
Median Salary
$52,000
Average Salary
$58,000
Avg Commute
18 min
Median Home Price
$230,000
Median Rent
$1,000/mo
Job Growth
+1.5%
Sales Tax
6%
Morgantown is located in West Virginia with a population of 30,955. The median household salary is $52,000 per year ($25/hour), which is $7,384 below the national median of $59,384. The average commute time is 18 minutes, and the city has a job growth rate of +1.5%.
Morgantown Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Morgantown, WV, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$41,314
$3,442.84/month · $1,589.00/biweekly · Effective Rate: 20.5%
Gross Pay
$52,000
Federal Tax
-$4,202
State Tax
-$2,506
Local Tax
$0
FICA
-$3,978
Net Pay
$41,314
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $4,333.33 | $52,000.00 |
| Federal Income Tax | -$350.13 | -$4,201.50 |
| West Virginia State Tax (4.82%) | -$208.87 | -$2,506.40 |
| Social Security (6.2%) | -$268.67 | -$3,224.00 |
| Medicare (1.45%) | -$62.83 | -$754.00 |
| Net Take-Home Pay | $3,442.84 | $41,314.10 |
Salary Comparison: Morgantown vs Other Cities
See how Morgantown's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Morgantown, WV | $52,000 | 90 | $57,778 |
| National Average | $59,384 | 100 | $59,384 |
| Auburn, AL | $52,000 | 90 | $57,778 |
| Bakersfield, CA | $52,000 | 96 | $54,167 |
| Fontana, CA | $52,000 | 102 | $50,980 |
| Oxnard, CA | $52,000 | 118 | $44,068 |
Adjusted salary reflects purchasing power when cost of living is factored in. A higher adjusted salary means your money goes further.
Cost of Living in Morgantown
Morgantown's cost of living index is 90 (national average = 100). Living in Morgantown is 10% less expensive than the national average.
Median Home Price
$230,000
Median Monthly Rent
$1,000
Annual Rent Cost
$12,000
Your Salary's Purchasing Power
Your $41,314 annual take-home pay in Morgantown has the purchasing power of approximately $45,905 in an average-cost US area. Your $52,000 salary stretches further here than in most US cities.
Top Industries in Morgantown
Morgantown's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $52,000.
Salary Tips for Morgantown Workers
- Research top industries. Morgantown's top industries include Education, Healthcare, Technology. Targeting roles in these sectors can help you earn above the $52,000 median salary.
- Review your W-4 withholding. If you regularly receive large tax refunds, adjust your W-4 to increase your per-paycheck take-home pay instead of giving the government an interest-free loan.
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Frequently Asked Questions
What is the median salary in Morgantown, WV?
The median salary in Morgantown, WV is $52,000 per year, or $25 per hour. The average salary is $58,000. This is $7,384 below the national median of $59,384.
What is the cost of living in Morgantown, WV?
Morgantown's cost of living index is 90 (national average = 100), meaning it is 10% less expensive compared to the national average. The median home price is $230,000 and the median monthly rent is $1,000.
What are the best industries in Morgantown?
The top industries in Morgantown, WV include Education, Healthcare, Technology. The city has a job growth rate of 1.5% and an unemployment rate of 3%. Workers in these industries often earn above the city's median salary of $52,000.
How does Morgantown's salary compare to other cities?
Morgantown's median salary of $52,000 is 12.4% below the national median of $59,384. However, when adjusted for cost of living (index: 90), the real purchasing power is approximately $57,778.
What is the minimum wage in Morgantown, WV?
The minimum wage in Morgantown, WV is $8.75 per hour. This equals approximately $18,200 per year for a full-time worker (40 hours/week). This is $1.50 above the federal minimum wage of $7.25/hour.