Cost of Living in South Waverly, PA

With a cost of living index of 77, South Waverly, PA is a very affordable place to live. Living here is 23% cheaper than the national average and 6% below the Pennsylvania state average of 83. South Waverly is a small community of 1,125 residents.

Housing costs are the biggest factor in South Waverly's cost of living. The median monthly rent is $1,005 (24% below the US median of $1,319), and the median home value sits at $158,200 (48% below the national median of $304,900). At current prices, the median home costs roughly 1.9x the median household income — well within traditional affordability guidelines.

The median household income in South Waverly is $83,750, which is 11% higher than the national median of $75,149. Residents spend roughly 14% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Climate is another factor for anyone considering a move to South Waverly. The area sees an average annual temperature of 48°F, with summers averaging 68°F and winters around 28°F. Annual rainfall totals 32.4 inches spread over roughly 153 days. Cold winters mean higher heating bills, an important cost-of-living consideration.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.