St. Joseph, MI vs Waverly, MI

St. Joseph, MI and Waverly, MI have a very similar cost of living, with only a 1.7% difference in their overall index. St. Joseph scores 86 while Waverly scores 85 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 St. Joseph is $1,079/month compared to $1,125/month in Waverly — a 4% difference. Interestingly, home values tell a different story: while St. Joseph has cheaper rent, Waverly actually has lower median home values ($222,300 vs $271,100).

Median household income in St. Joseph is $77,765 compared to $75,868 in Waverly (+2.5%). While St. Joseph is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of St. Joseph spend roughly 16.7% of their income on rent, less than the 17.8% in Waverly.