Waverly, MI vs Westwood, MI

Waverly, MI and Westwood, MI have a very similar cost of living, with only a 0.5% difference in their overall index. Waverly scores 85 while Westwood scores 84 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 Waverly is $1,125/month compared to $1,192/month in Westwood — a 6% difference. Interestingly, home values tell a different story: while Waverly has cheaper rent, Westwood actually has lower median home values ($187,300 vs $222,300).

Median household income in Waverly is $75,868 compared to $62,408 in Westwood (+21.6%). While Waverly is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Waverly spend roughly 17.8% of their income on rent, less than the 22.9% in Westwood.