Iowa Falls, IA vs Waverly, IA

Iowa Falls is moderately more affordable than Waverly, with a 10.8% lower cost of living index. Iowa Falls scores 68 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 Iowa Falls is $898/month compared to $909/month in Waverly — a 1% difference. Home values follow the same pattern: Iowa Falls is more affordable at $106,300 median vs $215,200.

Median household income in Iowa Falls is $53,051 compared to $78,429 in Waverly (-32.4%). 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 Iowa Falls spend roughly 20.3% of their income on rent, more than the 13.9% in Waverly.

Climate-wise, both cities share similar average temperatures (47.7°F vs 49°F). Waverly receives more rainfall at 36.3" per year compared to 32.8" in Iowa Falls.