The Lakes, MN vs Waverly, MN

There is a significant gap in the cost of living between these two cities. Waverly is 20.8% cheaper than The Lakes. With a cost index of 88 vs 106, the difference would have a meaningful impact on a household's monthly budget. Someone relocating from Waverly to The Lakes should plan for substantially higher expenses across most categories.

When it comes to buying, median home values in The Lakes are $391,900 compared to $284,600 in Waverly, a 38% gap.

Median household income in The Lakes is $88,929 compared to $113,269 in Waverly (-21.5%). Waverly offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power.

Climate-wise, both cities share similar average temperatures (45.4°F vs 46.7°F). Waverly receives more rainfall at 30.6" per year compared to 28" in The Lakes.