- 51,112 employers
- 693,374 employees
- $887 average weekly wage
- The average weekly wage is 19.4% below the national average
- The cost of living is 5.3% below the national average
Types of Employers (Private Sector vs. Government Agency)
As an employer in West Virginia, you are most likely to be running a private company rather than a government agency. 92.1% of employers run private companies in the state, 4.9% lower than the national average. The remaining 7.9% of employers are government agencies: 1.9% of employers are federal agencies, 2.1% are state agencies and 3.9% are local government agencies. The chart below illustrates this breakout.
80.6% of employees work for a private company. This is 4.6% below the national average of 85.2%. Local government agencies employ 10.0% of the workers in the state, state government agencies employ 6.0% of the workers and the federal government employs 3.4%. The percentage of employees working for a government agency (19.4%) is 4.6% higher than the national average.
The average pay in the state is $887, which is 19.4% lower than the national average of $1,101. West Virginia workers that are employed by private businesses earn $880 per week, 20.0% lower than the national average for private company employees. Employees of federal government agencies in West Virginia earn $1,508 per week, a premium of 71.4% compared to what employees of private companies earn. The chart below illustrates the average weekly by type of employer.
Leading Sectors & Industries
The sector with the greatest number of businesses in the state is Retail trade with 13.5% of the businesses in the state. Other services (11.8%) and Healthcare (11.4%) round out the top 3 sectors. The sector that employs the greatest number of workers is Healthcare which employs 21.1% of all workers, followed by Retail trade and Accommodation and food services which account for 14.9% and 11.9% of private company employees. The table below illustrates the number of businesses by sector:
|Other services, except public administration||5,533||11.8%|
|Health care and social assistance||5,362||11.4%|
|Professional and technical services||4,830||10.3%|
|Accommodation and food services||3,713||7.9%|
|Administrative and waste services||2,990||6.4%|
|Finance and insurance||2,488||5.3%|
|Transportation and warehousing||1,560||3.3%|
|Real estate and rental and leasing||1,540||3.3%|
|Arts, entertainment, and recreation||1,012||2.1%|
|Mining, quarrying, and oil and gas extraction||767||1.6%|
|Management of companies and enterprises||497||1.1%|
|Agriculture, forestry, fishing and hunting||433||0.9%|
The table below lists the sectors with the greatest number of employees:
|Health care and social assistance||118,187||21.1%|
|Accommodation and food services||66,269||11.9%|
|Administrative and waste services||35,185||6.3%|
|Professional and technical services||26,836||4.8%|
|Mining, quarrying, and oil and gas extraction||21,707||3.9%|
|Other services, except public administration||19,859||3.6%|
|Transportation and warehousing||19,445||3.5%|
|Finance and insurance||17,932||3.2%|
|Arts, entertainment, and recreation||7,836||1.4%|
|Management of companies and enterprises||6,920||1.2%|
|Real estate and rental and leasing||6,573||1.2%|
|Agriculture, forestry, fishing and hunting||1,776||0.3%|
The table below is ordered by the average weekly wage for each sector:
|Mining, quarrying, and oil and gas extraction||$1,616|
|Management of companies and enterprises||$1,578|
|Professional and technical services||$1,225|
|Finance and insurance||$1,096|
|Transportation and warehousing||$925|
|Health care and social assistance||$898|
|Real estate and rental and leasing||$825|
|Administrative and waste services||$706|
|Other services, except public administration||$604|
|Agriculture, forestry, fishing and hunting||$587|
|Arts, entertainment, and recreation||$346|
|Accommodation and food services||$344|
Each broad sector is made up of specific industries. In West Virginia the industry with the most businesses is Restaurants and other eating places (with 2,848 businesses employing 50,590 workers). The next two industries are Private householdsand Offices of physicians. Here are the industries with the most businesses in the state:
|Detailed Industry||# Biz||Emp/Biz|
|Restaurants and other eating places||2,848||17.8|
|Offices of physicians||1,403||11.2|
|Residential building construction||1,180||3.1|
|Computer systems design and related services||1,069||3.9|
|Gasoline stations with convenience stores||962||9.6|
Restaurants and other eating places is the industry that employs the most workers, employing a total of 50,590 people in 2,848 businesses. On average, these employees are paid $304, 65.7% less than the state average. There are 17.8 employees on average in each of these businesses. The next largest employing industry is General medical and surgical hospitals.
|Detailed Industry||# Emp||Emp/Biz|
|Restaurants and other eating places||50,590||17.8|
|General medical and surgical hospitals||39,024||750.5|
|Offices of physicians||15,701||11.2|
|General merchandise stores, including warehouse clubs and supercenters||13,754||26.1|
|Supermarkets and other grocery stores||10,378||32.9|
The industry that pays the most (on an average weekly basis) is Investment banking and securities dealing. There are 106 employees working in 18 businesses. The next best paying industries are Securities brokerage and Coal and other mineral merchant wholesalers.
|Detailed Industry||Wkly Wage|
|Investment banking and securities dealing||$3,228|
|Coal and other mineral merchant wholesalers||$2,508|
|Oil and gas pipeline construction||$2,242|
|Druggists’ goods merchant wholesalers||$2,234|
The solopreneur company, has the most businesses in West Virginia by far. 57.8% of all businesses in the state have fewer than 5 employees. The 44,957 small businesses in the state represent 97.0% of all private businesses. The national average is 97.4%. (Small businesses have fewer than 50 employees.) The pie chart below illustrates the ratio of business sizes.
The largest companies in the state represent 7.4% of all employees, which is 3.6% lower than the national average of 11.0%. Interestingly, the smallest companies in the state employ a higher percentage than the largest companies, this is not typical. The solopreneur (those that employ fewer than 5) companies employ 7.8% of all workers, which is 0.6% higher than the national average of 7.3%. All small companies, those employing fewer than 50 people, represent 51.7% of the labor force in the state, 8.0% more than the national average of 43.6%.
West Virginia workers in every size business are paid less than the national average. The smallest companies in West Virginia (those with fewer than 5 employees) pay workers 24.0% less than the national average ($786 per week as compared to the national average of $975 per week. The largest companies in West Virginia (those with more than 1,000 employees) pay 61.5% workers below the national average ($1,165 per week as compared to the national average of $1,882 per week.
This page was created and is maintained by Kurt Tietjen, Founder of Stavera, High Peak Media & HomeGearWorks.com. Kurt is an executive, data scientist and software engineer who holds an MBA in Management Information Systems. In 2010, he partnered with scientists at Northwestern University to launch The Street Wire. This was one of the first mainstream uses of what would become “Narrative Science”, an artificial intelligence platform specializing in natural language generation. You can contact Kurt on LinkedIn here.