Forest City, IA vs Waverly, IA

Forest City is moderately more affordable than Waverly, with a 14.7% lower cost of living index. Forest City scores 65 compared to 76 for Waverly, where the US average is 100. This difference means residents of Waverly can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Forest City is $719/month compared to $909/month in Waverly — a 21% difference. Home values follow the same pattern: Forest City is more affordable at $136,400 median vs $215,200.

Median household income in Forest City is $62,917 compared to $78,429 in Waverly (-19.8%). 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 Forest City spend roughly 13.7% of their income on rent, less than the 13.9% in Waverly.