Waverly, IA is a small town located in the heart of Iowa. It has a population of 10,898 and is considered one of the most affordable places to live in the state. The average two-bedroom rent rate in Waverly is only $930 per month compared to the US average of $1,430 per month. Furthermore, grocery cost index in Waverly is 97 versus 100 in the US which makes it even more attractive for families looking for an affordable place to live. There are several local companies that have grown up around Waverly which include: Hy-Vee Grocery Store, Walgreens Pharmacy, Pizza Ranch Restaurant, and KFC Fast Food Restaurant.
Waverly has an unemployment rate of 3.4%. The US average is 6.0%.
Waverly has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 23.5%, which is lower than the US average of 33.5%.
Tax Rates for Waverly
- The Sales Tax Rate for Waverly is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Waverly is 9.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Waverly
- The average income of a Waverly resident is $28,876 a year. The US average is $28,555 a year.
- The Median household income of a Waverly resident is $70,688 a year. The US average is $69,021 a year.