Jarratt, VA vs Waverly, VA

Jarratt, VA and Waverly, VA have a very similar cost of living, with only a 1.4% difference in their overall index. Jarratt scores 75 while Waverly scores 74 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 Jarratt is $921/month compared to $947/month in Waverly — a 3% difference. Interestingly, home values tell a different story: while Jarratt has cheaper rent, Waverly actually has lower median home values ($135,300 vs $157,200).

Median household income in Jarratt is $80,833 compared to $71,154 in Waverly (+13.6%). While Jarratt is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Jarratt spend roughly 13.7% of their income on rent, less than the 16% in Waverly.