Cost of Living: Waverly, TN vs Orem, UT
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Waverly | Orem |
|---|---|---|
| Housing Index | 85.0 | 110.0 |
| Median Home Price | $200,000 | $465,000 |
| Average Rent (2 BR Apartment) | $1000 | $1600 |
| Average Rent (2 BR House) | $1025 | $1640 |
Housing Comparison: Waverly vs Orem
- The median home price in Orem is higher at $465,000, compared to $200,000 in Waverly.
- In Orem, the rental for a two-bedroom apartment stands at $1,600, while it is $1,000 in Waverly.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Waverly | Orem |
|---|---|---|
| Electricity Price | $12.57 | $11.5 |
| Natural Gas Price | $12.35 | $14 |
| Other Utilities | $200 | $250 |
Utilities Comparison: Waverly vs Orem
- Electricity costs are higher in Waverly at $12.57 per kWh, compared to $11.5 in Orem.
- Orem experiences higher natural gas costs at $14 per unit, with costs at $12.35 in Waverly.
- Orem has higher utility expenses, averaging $250, while Waverly averages $200.