Hermann, MO vs Waverly, MO

Waverly is moderately more affordable than Hermann, with a 6.8% lower cost of living index. Hermann scores 71 compared to 67 for Waverly, where the US average is 100. This difference means residents of Hermann can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Hermann is $782/month compared to $835/month in Waverly — a 6% difference. Interestingly, home values tell a different story: while Hermann has cheaper rent, Waverly actually has lower median home values ($107,500 vs $175,100).

Median household income in Hermann is $57,578 compared to $48,000 in Waverly (+20%). While Hermann is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Hermann spend roughly 16.3% of their income on rent, less than the 20.9% in Waverly.