Cost of Living: Waverly, MN vs Rockford, IL
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Waverly | Rockford |
|---|---|---|
| Housing Index | 115.0 | 85.0 |
| Median Home Price | $330,000 | $156,000 |
| Average Rent (2 BR Apartment) | $1500 | $1200 |
| Average Rent (2 BR House) | $1600 | $1360 |
Housing Comparison: Waverly vs Rockford
- In Waverly, the median home price is higher at $330,000, while in Rockford it is $156,000.
- Renting a two-bedroom apartment costs more in Waverly at $1,500 than in Rockford at $1,200.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Waverly | Rockford |
|---|---|---|
| Electricity Price | $16.38 | $16.15 |
| Natural Gas Price | $14.87 | $16.59 |
| Other Utilities | $250 | $250 |
Utilities Comparison: Waverly vs Rockford
- Electricity costs are higher in Waverly at $16.38 per kWh, compared to $16.15 in Rockford.
- Rockford experiences higher natural gas costs at $16.59 per unit, with costs at $14.87 in Waverly.
- Utility expenses are equal in both Waverly and Rockford averaging $250.