Lawrenceburg, TN vs Waverly, TN

Lawrenceburg, TN and Waverly, TN have a very similar cost of living, with only a 3.9% difference in their overall index. Lawrenceburg scores 68 while Waverly scores 71 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 Lawrenceburg is $768/month compared to $841/month in Waverly — a 9% difference. Home values follow the same pattern: Lawrenceburg is more affordable at $158,100 median vs $164,700.

Median household income in Lawrenceburg is $41,458 compared to $45,600 in Waverly (-9.1%). 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 Lawrenceburg spend roughly 22.2% of their income on rent, more than the 22.1% in Waverly.