What is the cost of living in Waverly, MI?
According to the most recent data on the cost of living, Waverly has an overall cost of living index of 99, which is 1.0x lower than the national index of 100.
Compared to Michigan, Waverly has a cost of living index that's 1.1x higher than Michigan's index of 91.
The standard of living in Waverly ranks as #133 most affordable out of the 179 places we measured in Michigan. By definition, that implies Waverly ranks as the #46 most expensive place in the Wolverine State.
For more reading on life in Waverly, check out:
Waverly Cost Of Living Vs. Michigan
Six factors go into calculating the cost of living index in Waverly. Here is how it fares on each of the criteria:
The Services index in Waverly is 100.
The Groceries index in Waverly is 98.
The Health index in Waverly is 93.
The Housing index in Waverly is 102.
The Transportation index in Waverly is 101.
The Utilities index in Waverly is 98.
| Living Expense | Waverly | Michigan | National Average |
|---|---|---|---|
| Overall | 99 | 91 | 100 |
| Services | 100 | 97 | 100 |
| Groceries | 98 | 98 | 100 |
| Health | 93 | 75 | 100 |
| Housing | 102 | 98 | 100 |
| Transportation | 101 | 101 | 100 |
| Utilities | 98 | 98 | 100 |
Waverly Cost Of Living Compared To Michigan Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Michigan, check out:
Protect your home budget Compare home warranties in Waverly Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Waverly, MI Housing Cost Breakdown
Housing swings affordability the most between places in Michigan, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2020-2024. The key points are:
The Median Home Value in Waverly is $263,223.
The Median Rent in Waverly is $1,170.
The Median Income in Waverly is $75,700.
The Home Value To Income in Waverly is 3.5x.
The Rent To Monthly Income in Waverly is 0.19x.
Waverly, MI Costs By Category
Detailed Waverly Services costs vs. Michigan
Detailed Waverly Groceries costs vs. Michigan
Detailed Waverly Health costs vs. Michigan
Detailed Waverly Transportation costs vs. Michigan
Waverly SnackAbility
Cost Of Living In Cities Around Waverly
The cost of living varies in the cities and towns around Waverly. Here's a quick look at the cost of living in the most populous nearby places:
Lansing, MI has a cost of living index of 88, 0.9x Waverly.
East Lansing, MI has a cost of living index of 102, 1.0x Waverly.
Okemos, MI has a cost of living index of 107, 1.1x Waverly.
| City | Population | Cost Of Living | Vs. Waverly |
|---|---|---|---|
| Lansing, MI | 113,023 | 88 | 0.9x |
| East Lansing, MI | 45,758 | 102 | 1.0x |
| Okemos, MI | 26,396 | 107 | 1.1x |
| Holt, MI | 25,316 | 98 | 1.0x |
| Haslett, MI | 18,559 | 103 | 1.0x |
| Charlotte, MI | 9,277 | 90 | 0.9x |
| Mason, MI | 8,249 | 95 | 1.0x |
| Grand Ledge, MI | 7,804 | 93 | 0.9x |
| St. Johns, MI | 7,715 | 93 | 0.9x |
| Eaton Rapids, MI | 5,183 | 89 | 0.9x |
