Somerset, OH vs Waverly, OH

Somerset, OH and Waverly, OH have a very similar cost of living, with only a 0.9% difference in their overall index. Somerset scores 72 while Waverly scores 73 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 Somerset is $774/month compared to $939/month in Waverly — a 18% difference. Interestingly, home values tell a different story: while Somerset has cheaper rent, Waverly actually has lower median home values ($149,400 vs $190,200).

Median household income in Somerset is $49,145 compared to $49,519 in Waverly (-0.8%). The higher salaries in Waverly partially offset the cost difference, but don't fully close the gap. Looking at affordability, residents of Somerset spend roughly 18.9% of their income on rent, less than the 22.8% in Waverly.