Dearborn Heights, MI vs Waverly, MI

Dearborn Heights, MI and Waverly, MI have a very similar cost of living, with only a 2.4% difference in their overall index. Dearborn Heights scores 87 while Waverly scores 85 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Dearborn Heights is $1,260/month compared to $1,125/month in Waverly — a 12% difference. Interestingly, home values tell a different story: while Waverly has cheaper rent, Dearborn Heights actually has lower median home values ($174,900 vs $222,300).

Median household income in Dearborn Heights is $61,035 compared to $75,868 in Waverly (-19.6%). 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 Dearborn Heights spend roughly 24.8% of their income on rent, more than the 17.8% in Waverly.