Grand Ledge, MI vs Waverly, MI

Grand Ledge is moderately more affordable than Waverly, with a 9.6% lower cost of living index. Grand Ledge scores 77 compared to 85 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 Grand Ledge is $944/month compared to $1,125/month in Waverly — a 16% difference. Home values follow the same pattern: Grand Ledge is more affordable at $189,300 median vs $222,300.

Median household income in Grand Ledge is $66,515 compared to $75,868 in Waverly (-12.3%). 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 Grand Ledge spend roughly 17% of their income on rent, less than the 17.8% in Waverly.