Lone Oak, TN vs Waverly, TN

Waverly is moderately more affordable than Lone Oak, with a 8.1% lower cost of living index. Lone Oak scores 77 compared to 71 for Waverly, where the US average is 100. This difference means residents of Lone Oak can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Lone Oak is $820/month compared to $841/month in Waverly — a 3% difference. Interestingly, home values tell a different story: while Lone Oak has cheaper rent, Waverly actually has lower median home values ($164,700 vs $241,100).

Median household income in Lone Oak is $53,214 compared to $45,600 in Waverly (+16.7%). While Lone Oak is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Lone Oak spend roughly 18.5% of their income on rent, less than the 22.1% in Waverly.