According to a 2024 WalletHub report, Virginia and West Virginia have a much wider disparity in how far their money goes than you might think.
Virginians have the highest average income in the country.
People in neighboring West Virginia have the lowest income.
Income Disparities
To determine which states have the best and worst income in the country, WalletHub calculated the following three metrics in each state and the District of Columbia:
- Average annual income of the top 5%
- Average annual income of the bottom 20%
- Median annual income for all of a state’s residents
They adjusted all numbers for the cost of living in each state to make the data more equitable…