Cost of Living in Waverly, IA
Housing
The housing market plays a significant role in determining the cost of living in Waverly, IA.
- Housing Index: 85.0 / 100
- Median Home Price is: $199,000
- Average Rent (2 BR Apartment): $1100 per month
- Average Rent (2 BR House): $1200 per month
In Waverly, IA, the housing index stands at 85.0, indicating a generally favorable market for homebuyers. The median home price of 199000 is competitive compared to the national average, while rentals for a 2-bedroom apartment average 1100 and a 2-bedroom house averages 1200. These figures suggest an affordable living situation, appealing to both renters and potential homeowners. A good balance of home ownership and rental options can often lead to a vibrant community, essential for long-term investment and settlement decisions.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Waverly, IA.
- Electricity Price: $14.82 USD (median by state)
- Natural Gas Price: $15.61 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $200 per month
Living in Waverly, IA could entail higher utility costs. Electricity costs sit at $14.82, while natural gas is priced at $15.61 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $200 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Waverly is a financially viable option for your relocation.