Chesterfield, IN vs Waverly, IN
There is a significant gap in the cost of living between these two cities. Chesterfield is 24.5% cheaper than Waverly. With a cost index of 71 vs 93, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Chesterfield to Waverly should plan for substantially higher expenses across most categories.
When it comes to buying, median home values in Chesterfield are $102,300 compared to $254,100 in Waverly, a 60% gap.
Median household income in Chesterfield is $58,125 compared to $72,426 in Waverly (-19.7%). The higher salaries in Waverly partially offset the cost difference, but don't fully close the gap.
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