Waverly cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexWaverlyNew YorkNational
Cost of living index86119100
IndexWaverlyNew YorkNational
Goods & Services index101109100
Groceries index105108100
Health care index10599100
Housing index55145100
Transportation index102108100
Utilities index79102100
A general summary of the cost of living index in Waverly, NY is shown above. Compared to the state average of New York the cost of living index in Waverly, NY is 86, which is 28% lower than the average in New York and compared to the national average it is 14% lower than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In Waverly, NY goods and services come in at 7% lower than the average in New York and are 1% higher than compared to the nationwide average.

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Did you know?

  • The cost of living in Waverly is 28% lower than the New York average.
  • The cost of living in Waverly is 14% lower than the national average.
  • The cost of housing in Waverly is 45% lower than the national average.
  • New York general sales tax is 21% lower than the national average.
  • New York state income tax is 80% higher than the national average.

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Compare Waverly, NY Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current income in Waverly, NY to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Waverly, NY, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Waverly, NY salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$66,579$5,548$1,553$1,998
Renters$26,440$2,203$617$793
If you want to find a good determining factor for the cost of living and the general affordability of housing in Waverly, NY, all you must look at is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Waverly, NY, the median monthly income is $66,579 for those who own their own homes. Under the standard rule, that income level would allow for $1,553 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $26,440, per the median income in the area. That would allow for renters to spend up to $617 on monthly rental expenses.

New York Sales Tax

StateGeneral Sales TaxWith Max Surtax
New York4%8.875%

New York Income Tax

StateIncome Tax (Low)Income Tax (High)
New York4%8.82%
One thing to keep in mind when considering the cost of living in Waverly, NY is the New York sales tax and New York income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The New York sales tax rate is 4% and the maximum surtax that can be charged is 8.875%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The New York income tax rates range from 4% to 8.82%.

Goods & Services

ItemWaverlyNational avg.Difference
Haircut $16.50$16.092.6%
Beauty Salon $31.03$37.3316.9%
Toothpaste $2.17$2.4511.2%
Shampoo $1.55$1.0055.2%
Movie $12.56$10.2822.2%
Bowling $4.00$4.9318.9%

Groceries

ItemWaverlyNational avg.Difference
Ground Beef $3.68$3.803.3%
Fried Chicken $1.20$1.4013.9%
Milk $2.18$2.018.6%
Potatoes $3.46$3.0114.8%
Pizza $11.50$9.8916.3%
Beer $8.91$8.900.2%

Health Care

ItemWaverlyNational avg.Difference
Optometrist $104.44$102.162.2%
Doctor $131.67$108.3621.5%
Dentist $89.33$92.533.5%
Ibuprofen $8.66$9.286.6%
Lipitor $423.86$425.820.5%

Housing

ItemWaverlyNational avg.Difference
Home Price $88,800.00$184,700.0051.9%
Avg. Mortgage Payment $1,401.79$1,202.4416.6%
Apartment Rent $686.00$949.0027.7%

Transportation

ItemWaverlyNational avg.Difference
Gasoline $2.36$2.245.2%
Tire Balancing $44.97$46.292.9%

Utilities

ItemWaverlyNational avg.Difference
All Electricity$145.80$165.9612.2%
Phone $19.99$28.6830.3%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Erin, NY36799-1%
Elmira, NY28,58384-16%
Elmira Heights, NY3,89984-16%
Wellsburg, NY55384-16%
Nichols, NY55785-15%
Waverly, NY4,28786-14%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Mountain Lakes, NJ4,28718989%
Mitchell, IN4,28783-17%
Temple, GA4,28791-9%
Heber, CA4,28795-5%
Grafton, ND4,28784-16%
Waverly, NY4,28786-14%
Source: The Waverly, NY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.