Lake City, SD vs Waverly, SD

Waverly is moderately more affordable than Lake City, with a 9.6% lower cost of living index. Lake City scores 86 compared to 78 for Waverly, where the US average is 100. This difference means residents of Lake City can expect to pay noticeably more for everyday expenses, housing, and services.

When it comes to buying, median home values in Lake City are $175,000 compared to $83,200 in Waverly, a 110% gap.

Median household income in Lake City is $43,750 compared to $29,196 in Waverly (+49.8%). While Lake City is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income.