Cost Of Living in Waverly, NY

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Waverly	New York	National
Cost of living	88	117	100
Goods & Services	99	108	100
Groceries	99	102	100
Health care	86	103	100
Housing	63	145	100
Transportation	102	105	100
Utilities	105	100	100

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Cost Of Living Quick Facts

The cost of living in Waverly is 24% lower than the New York average
The cost of living in Waverly is 12% lower than the national average
Waverly housing is 37% lower than the national average
New York general sales tax is 22% lower than the national average
New York state income tax is 54% higher than the national average

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$60,809	$5,067	$1,419	$1,824
Renters	$29,727	$2,477	$694	$892

A good indicator of the general affordability of housing in Waverly, NY, is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Waverly, the median monthly income is $60,809 for those who own their own homes. Under the standard rule, that income level would allow for $1,419 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $29,727, per the median income in the area. That would allow for renters to spend up to $694 on monthly rental expenses.

New York Sales Tax

State	General Sales Tax	With Max Surtax
New York	4%	8.875%

New York Income Tax

State	Income Tax (Low)	Income Tax (High)
New York	4%	10.9%

Goods & Services

Item	Waverly	National avg.	Difference
Haircut	$25.33	$24.26	4.4%
Beauty Salon	$32.67	$45.56	28.3%
Toothpaste	$3.80	$3.70	2.7%
Shampoo	$1.41	$1.28	10.1%
Movie	$10.00	$12.13	17.6%
Bowling	$15.45	$18.00	14.2%

Groceries

Item	Waverly	National avg.	Difference
Ground Beef	$6.36	$5.84	9.0%
Fried Chicken	$1.54	$1.57	2.1%
Milk	$4.68	$4.67	0.1%
Potatoes	$5.29	$4.93	7.3%
Pizza	$11.60	$12.09	4.0%
Beer	$11.68	$10.41	12.2%

Health Care

Item	Waverly	National avg.	Difference
Optometrist	$72.00	$125.68	42.7%
Doctor	$93.33	$135.78	31.3%
Dentist	$108.18	$113.29	4.5%
Ibuprofen	$10.79	$10.65	1.3%
Lipitor	$479.33	$468.60	2.3%

Housing

Item	Waverly	National avg.	Difference
Home Price	$102,500.00	$184,700.00	44.5%
Avg. Mortgage Payment	$1,416.51	$2,346.69	39.6%
Apartment Rent	$762.00	$949.00	19.7%

Transportation

Item	Waverly	National avg.	Difference
Gasoline	$3.68	$3.46	6.4%
Tire Balancing	$53.74	$59.92	10.3%

Utilities

Item	Waverly	National avg.	Difference
All Electricity	$207.13	$193.99	6.8%
Phone	$195.27	$192.25	1.6%

Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Erin, NY	441	80	19.7%
Elmira, NY	27,236	87	12.8%
Breesport, NY	873	88	11.9%
Elmira Heights, NY	4,206	89	11.4%
Candor, NY	899	89	11.2%
Waverly, NY	4,140	88	11.7%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Broadmoor, CA	4,140	218	117.7%
Lincoln, ND	4,140	106	5.6%
Farmington, NH	4,140	112	11.6%
La Paloma, TX	4,140	74	26.5%
Kitimat-Stikine E, BC	4,140	n/a
Waverly, NY	4,140	88	11.7%

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

Cost of Living in Waverly, NY