Bovey, MN vs Waverly, MN

There is a significant gap in the cost of living between these two cities. Bovey is 22.5% cheaper than Waverly. With a cost index of 68 vs 88, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Bovey to Waverly should plan for substantially higher expenses across most categories.

On the housing front, median rent in Bovey is $850/month compared to $913/month in Waverly — a 7% difference. Home values follow the same pattern: Bovey is more affordable at $103,400 median vs $284,600.

Median household income in Bovey is $67,500 compared to $113,269 in Waverly (-40.4%). 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 Bovey spend roughly 15.1% of their income on rent, more than the 9.7% in Waverly.