Retiring in West Virginia: what you need to know

Is West Virginia a good place to retire?

Data from the U.S. Census Bureau shows that the state had a population of approximately 1.8 million people in 2024, with 21.5% of the population over the age of 65. So, there is a fairly large community of seniors and retirees in the state.

But of course, retiring in West Virginia has its pros and cons. 

The state's stunning natural beauty, rich cultural heritage, and friendly communities make it an attractive destination for many retirees. However, like any location, the Mountain State has its challenges. Harsh winters can be a concern for some, and the state's rural areas may have limited access to healthcare facilities and other services that retirees may need.

There are also a variety of costs associated with retirement in West Virginia, such as living expenses and insurance, and there are retirement-friendly factors. 

Ask an SEC-regulated advisor for expert financial advice on navigating the options available to you. Visit Unbiased to learn more about preparing financially for retirement, and let us match you with the best financial advisor for your needs.

At what age can you retire in West Virginia?

You can retire at any time in West Virginia—if you can afford it.  However, there are some age-related benefits and considerations for people who retire in West Virginia:

• Social Security benefits: The earliest age to start receiving Social Security benefits is 62, but if you delay taking benefits, your monthly payments will increase. Full retirement age (FRA) is between 66 and 67, depending on your birth year. Delaying benefits until after FRA can result in even higher monthly payments.

• Medicare eligibility: Medicare eligibility begins at age 65, regardless of retirement status. However, if you retire before age 65, you will need to find alternative healthcare coverage until you become eligible for Medicare.

• Age discrimination: While there is no mandatory retirement age in West Virginia, it is still illegal for employers to discriminate against employees or job applicants based on age.

• Retirement savings: Regardless of retirement age, it is important for individuals to start saving for retirement as early as possible. Many financial experts recommend saving at least 15% of your income for retirement. You could also check out the average retirement savings in the US here.

What are the pros and cons of retiring in West Virginia?

As with every state, some things attract prospective retirees to the Mountain State, and there are some things that might make them consider spending their post-work years elsewhere. 

Pros of retiring in West Virginia

Some reasons to consider spending your retirement in West Virginia include:

• Low crime rate: West Virginia has a lower crime rate compared to other states, making it a safe and peaceful place to live.

• Natural beauty: West Virginia is known for its stunning natural scenery, including the Appalachian Mountains, verdant forests, and numerous lakes and rivers. The state also offers ample opportunities for outdoor activities such as hiking, fishing, and boating.

• Appalachian culture: West Virginia is steeped in Appalachian culture, with numerous museums, galleries, and performing arts venues across the state. The state also hosts several festivals and events throughout the year, including the Appalachian String Band Music Festival.

Cons of retiring in West Virginia

Some of the cons of living in West Virginia include:

• Cold winters: West Virginia experiences cold winters with significant snowfall, which may not be appealing to all retirees. However, many retirees enjoy the winter season and take advantage of outdoor activities such as skiing and snowshoeing.

• Limited healthcare options: West Virginia's rural areas may have limited access to healthcare facilities, which could be a concern for retirees with medical needs. However, the state is actively working to improve access to healthcare services in these areas.

• Limited job opportunities: West Virginia has a relatively small economy and limited job opportunities, which could be a concern for retirees looking to supplement their retirement income.

What are the top places to retire in West Virginia?

Some towns and cities are more attractive to retirees than others. Some of the best places to retire in West Virginia include the following.

• Morgantown: Home to West Virginia University, Morgantown is a colorful college town that offers retirees access to excellent healthcare facilities, events, and recreational activities such as hiking, biking, and fishing.

• Wheeling: Located in the northern panhandle of the state, Wheeling is a historic city with a low cost of living and a charming downtown area. Retirees can enjoy local festivals, historic tours, and outdoor activities such as golfing and boating on the Ohio River.

• Lewisburg: This charming town is located in the heart of the Greenbrier Valley and is known for its quaint shops, historic architecture, and annual food festivals. Retirees can enjoy a variety of outdoor activities, including hiking, fishing, and golfing.

• Shepherdstown: Located in the eastern panhandle of the state, Shepherdstown is a small college town with an active arts scene and a strong sense of community. Retirees can enjoy local theaters, galleries, and shops, as well as outdoor activities such as kayaking and hiking along the Potomac River.

• Parkersburg: Situated along the Ohio River, Parkersburg is a small city with a low cost of living and abundant recreational opportunities. Retirees can enjoy fishing, hiking, and boating on the river, as well as local festivals and cultural events.

How much tax will I pay during retirement in West Virginia?

Tax treatment and Social Security benefits are other positive factors that attract retirees. West Virginia offers a Homestead Exemption, enabling property tax relief for eligible residents who are 65 years of age or older, and it exempts Social Security benefits and retirement income up to $8,000 from state income tax.

The bottom line

Does retirement in the Mountain State sound pretty good? 

Remember to weigh all the pros and cons, and to consult with a professional for advice. If you’re still unsure about where to retire, it’s wise to seek expert advice. 

Explore our article on the top financial advisors for more insight or get matched to an expert financial advisor now.