Cost of Living in Waverly, MN
Housing
The housing market plays a significant role in determining the cost of living in Waverly, MN.
- Housing Index: 115.0 / 100
- Median Home Price is: $330,000
- Average Rent (2 BR Apartment): $1500 per month
- Average Rent (2 BR House): $1600 per month
When considering a move to Waverly, MN, the housing index of 115.0 indicates that the market is above the national average. With a median home price of 330000 and average rents for a 2BR apartment at 1500 and house at 1600, affordability may vary significantly based on your financial situation. It's also wise to consider factors such as local job opportunities, school quality, and community amenities, as these can greatly affect your overall living experience. Ultimately, evaluating these factors will lead to a more informed decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Waverly, MN.
- Electricity Price: $16.38 USD (median by state)
- Natural Gas Price: $14.87 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Waverly, MN could entail higher utility costs. Electricity costs sit at $16.38, while natural gas is priced at $14.87 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $250 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.