The cost of living index in Waverly, NY, stands at 91. This is 1% below the nationwide average of 100. Waverly offers slightly lower living costs, particularly in housing, which is 15% below average. However, groceries and utilities are close to the national average, while healthcare costs are slightly above.
The cost of living index for Waverly, NY, reveals some valuable insights for job seekers considering the area. Housing in Waverly costs 15% less than the nationwide average. This means that residents can expect to spend less on their homes compared to the national average. Lower housing costs can make Waverly an attractive option for those looking to save on their biggest monthly expense.
Other key areas also present a favorable comparison. Groceries in Waverly are priced at 95% of the national average, suggesting only a minor increase in grocery costs. Utilities follow closely at 90%, indicating they are slightly below average. Transportation costs in Waverly are 88% of the national average, which is also slightly lower. Healthcare expenses stand at 92%, which is marginally higher but still close to the national average. Finally, miscellaneous expenses are 97%, which means they are just 3% above the average. Overall, Waverly offers a cost of living that is below the national average in several key areas, making it a potentially cost-effective location for new residents.
