BECKLEY, WV (WVNS) – According to a study conducted by NiceRX, residents of West Virginia are losing a lot of their income to the costs of food and beverages.

New research has revealed that West Virginia residents are losing 6.95% of their income to food & beverage costs per year. This amount of loss is the 6th highest in the country.

Here

RankStatePersonal Income per CapitaFood and Beverage Cost per CapitaFood and Beverage Cost per Capita (% of income)
1Maine$57,159$4,2687.47%
2Hawaii$60,389$4,4467.36%
3Vermont$59,704$4,2677.15%
4Mississippi$45,438$3,2297.11%
5Kentucky$50,699$3,5557.01%
6West Virginia$47,817$3,3256.95%
7New Mexico$49,320$3,2736.64%
8South Carolina$52,074$3,4556.64%
9Montana$56,672$3,7326.59%
10Oregon$60,676$3,9236.47%

The research carried out by looked at what percentage of the average income is spent on rent, transportation costs, childcare, and other major cost of living factors. 

  • As well as food & beverages, West Virginia residents are also spending 20.85% of their income on health insurance and $10,656 on rent

The research also revealed:

  • Rent and childcare are the two most-expensive cost of living factors in the US; put together they cost an average of $45,423 per year, which in-turn amounts to more than 46% of the average annual income
  • Health Insurance ranks as the 3rd most-expensive cost of living factor in the US, with average costs across the US around $6,500 per-year, making up more than 10% of average income
  • Despite residents of Massachusetts having an average personal income of $82,475, rental costs still amount to more than 32% of this total.