Clarks Grove, MN vs Waverly, MN

There is a significant gap in the cost of living between these two cities. Clarks Grove is 19.1% cheaper than Waverly. With a cost index of 71 vs 88, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Clarks Grove to Waverly should plan for substantially higher expenses across most categories.

On the housing front, median rent in Clarks Grove is $867/month compared to $913/month in Waverly — a 5% difference. Home values follow the same pattern: Clarks Grove is more affordable at $132,800 median vs $284,600.

Median household income in Clarks Grove is $69,792 compared to $113,269 in Waverly (-38.4%). 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 Clarks Grove spend roughly 14.9% of their income on rent, more than the 9.7% in Waverly.