Lexington, VA vs Waverly, VA

Waverly is moderately more affordable than Lexington, with a 13.7% lower cost of living index. Lexington scores 84 compared to 74 for Waverly, where the US average is 100. This difference means residents of Lexington can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Lexington is $985/month compared to $947/month in Waverly — a 4% difference. Home values follow the same pattern: Waverly is more affordable at $135,300 median vs $275,300.

Median household income in Lexington is $89,598 compared to $71,154 in Waverly (+25.9%). While Lexington is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Lexington spend roughly 13.2% of their income on rent, less than the 16% in Waverly.