Albia, IA vs Waverly, IA

Albia is moderately more affordable than Waverly, with a 11.8% lower cost of living index. Albia scores 67 compared to 76 for Waverly, where the US average is 100. This difference means residents of Waverly can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Albia is $803/month compared to $909/month in Waverly — a 12% difference. Home values follow the same pattern: Albia is more affordable at $132,500 median vs $215,200.

Median household income in Albia is $67,791 compared to $78,429 in Waverly (-13.6%). While Waverly is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Albia spend roughly 14.2% of their income on rent, more than the 13.9% in Waverly.