Millington, TN vs Waverly, TN

Waverly is moderately more affordable than Millington, with a 10.2% lower cost of living index. Millington scores 78 compared to 71 for Waverly, where the US average is 100. This difference means residents of Millington can expect to pay noticeably more for everyday expenses, housing, and services.

On the housing front, median rent in Millington is $1,059/month compared to $841/month in Waverly — a 26% difference. Home values follow the same pattern: Waverly is more affordable at $164,700 median vs $172,800.

Median household income in Millington is $51,695 compared to $45,600 in Waverly (+13.4%). While Millington is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Millington spend roughly 24.6% of their income on rent, more than the 22.1% in Waverly.