Glenwood, IA vs Waverly, IA

Glenwood, IA and Waverly, IA have a very similar cost of living, with only a 2.9% difference in their overall index. Glenwood scores 74 while Waverly scores 76 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 Glenwood is $842/month compared to $909/month in Waverly — a 7% difference. Home values follow the same pattern: Glenwood is more affordable at $193,800 median vs $215,200.

Median household income in Glenwood is $69,320 compared to $78,429 in Waverly (-11.6%). 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 Glenwood spend roughly 14.6% of their income on rent, more than the 13.9% in Waverly.