Cost of Living in Waverly, WA

With a cost of living index of 79, Waverly, WA is a very affordable place to live. Living here is 21% cheaper than the national average and 40% below the Washington state average of 119. Waverly is a small community of 163 residents.

Housing costs are the biggest factor in Waverly's cost of living. The median monthly rent is $925 (30% below the US median of $1,319), and the median home value sits at $191,700 (37% below the national median of $304,900). At current prices, the median home costs roughly 2.9x the median household income — well within traditional affordability guidelines.

The median household income in Waverly is $65,703, which is 13% lower than the national median of $75,149. Residents spend roughly 17% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Climate is another factor for anyone considering a move to Waverly. The area sees an average annual temperature of 45°F, with summers averaging 62°F and winters around 29°F. Annual rainfall totals 18.3 inches spread over roughly 115 days. Cold winters mean higher heating bills, an important cost-of-living consideration.

Everyday prices in the Spokane-Spokane Valley, WA (Metropolitan Statistical Area) metro area tend to run above the national average. Out of 6 common grocery and utility items tracked by the Bureau of Labor Statistics, 5 are priced higher than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

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.