Housing costs in Waverly?
A typical home costs
$87,300, which is 74.2% less expensive than the national average of
$338,100 and 63.9% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Waverly costs
$800 per month, which is 44.1% cheaper than the national average of
$1,430 and 57.5% cheaper than the state average of
$1,260.
Can I afford Waverly?
To live comfortably in Waverly, Illinois, a minimum annual income of
$16,560 for a family, and
$24,000 for a single person is recommended.
What does A.I. say about Waverly?
The cost of living in Waverly, IL is relatively low compared to other nearby cities. The median home price for a single family home in Waverly is roughly $135,000, and the median rental cost is typically around $700 per month. Groceries, gas, and other everyday goods are much cheaper than what you would find in larger metropolitan areas. Additionally, there are no income taxes in the state of Illinois which can help lower overall costs of living even more. All these factors combined create an ideal place to live with a low cost of living.