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24/7 Wall St.: America's Richest and Poorest States

America’s Poorest States

2. West Virginia

Median household income: $38,482

Population: 1,855,364 (14th lowest)

Unemployment rate: 8% (tied-25th lowest)

Pct. below poverty line: 18.6% (10th highest)

West Virginia’s median income of $38,482 was well off the median income of $40,093 in 2007. The state’s unemployment rate of 8% was well below the 8.9% nationwide. But, like Kentucky, a softening mining sector in 2012 could weaken West Virginia’s economy. The proportion of West Virginia residents without health insurance grew 4.9%, the third-largest increase in the U.S. Fortunately for cash-strapped residents, although the state’s overall cost of living is in the middle of the pack compared to all other states, the cost of groceries is the third lowest in the country.

(iStock Photo)

More From 24/7 Wall St.:
America’s Worst Companies to Work for
States Losing the Most Jobs to China
The 10 Poorest Countries in the World



The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.

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