Cherry, IL vs Waverly, IL

Waverly is moderately more affordable than Cherry, with a 9.6% lower cost of living index. Cherry scores 69 compared to 63 for Waverly, where the US average is 100. This difference means residents of Cherry can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Cherry is $892/month compared to $753/month in Waverly — a 19% difference. Interestingly, home values tell a different story: while Waverly has cheaper rent, Cherry actually has lower median home values ($96,900 vs $97,600).

Median household income in Cherry is $47,250 compared to $55,882 in Waverly (-15.4%). Waverly offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Cherry spend roughly 22.7% of their income on rent, more than the 16.2% in Waverly.