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.
IndexWaverlyOhioNational
Cost of living index8591100
IndexWaverlyOhioNational
Goods & Services index100100100
Groceries index9998100
Health care index8796100
Housing index6173100
Transportation index93102100
Utilities index8891100
The above illustration supplies generalized information for the Waverly, OH cost of living index. Compared to other cities in Ohio and cities across the country, the cost of living index in Waverly, OH is 85, which is 6% lower than the Ohio average and 15% lower than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Waverly, OH are equal to the average for Ohio and equal to the rest of the country.
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Did you know?

  • The cost of living in Waverly is 6% lower than the Ohio average.
  • The cost of living in Waverly is 15% lower than the national average.
  • The cost of housing in Waverly is 39% lower than the national average.
  • Ohio general sales tax is 13% higher than the national average.
  • Ohio state income tax is 28% higher than the national average.

Compare Waverly, OH Cost of living To Other Cities

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      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index
      The salary calculator allows you to compare how much your current salary in Waverly, OH would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Waverly, OH, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Waverly, OH salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

      Median Income & Debt-To-Income Ratio

      Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
      Owners$42,222$3,519$985$1,267
      Renters$32,517$2,710$759$976
      The affordability of the housing market in Waverly, OH as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Waverly, OH homeowners, the median income is $42,222. This indicates that a monthly maximum of $985 should be spent by homeowners on all housing related costs. Renters have a median income of $32,517. This indicates that renters should have a maximum of $759 used for their rent related monthly costs.

      Ohio Sales Tax

      StateGeneral Sales TaxWith Max Surtax
      Ohio5.75%8%

      Ohio Income Tax

      StateIncome Tax (Low)Income Tax (High)
      Ohio2.85%4.797%
      When assessing the complete cost of living in Waverly, OH, the Ohio income tax and the Ohio sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Ohio maximum surtax is 8%, and the Ohio sales tax is 5.75%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 2.85% to 4.797% in Ohio.

      Goods & Services

      ItemWaverlyNational avg.Difference
      Haircut $15.86$17.499.3%
      Beauty Salon $35.00$38.178.3%
      Toothpaste $1.68$2.3227.6%
      Shampoo $0.87$1.0114.0%
      Movie $10.56$10.721.5%
      Bowling $16.60$13.8619.8%

      Groceries

      ItemWaverlyNational avg.Difference
      Ground Beef $3.72$3.904.6%
      Fried Chicken $1.29$1.407.6%
      Milk $1.42$1.9627.6%
      Potatoes $2.93$3.187.9%
      Pizza $9.99$10.393.9%
      Beer $8.99$9.232.6%

      Health Care

      ItemWaverlyNational avg.Difference
      Optometrist $61.30$106.3442.4%
      Doctor $103.23$115.2510.4%
      Dentist $83.26$98.3815.4%
      Ibuprofen $8.47$9.268.5%
      Lipitor $455.76$466.472.3%

      Housing

      ItemWaverlyNational avg.Difference
      Home Price $100,800.00$184,700.0045.4%
      Avg. Mortgage Payment $915.03$1,273.3228.1%
      Apartment Rent $707.00$949.0025.5%

      Transportation

      ItemWaverlyNational avg.Difference
      Gasoline $2.62$2.591.0%
      Tire Balancing $40.20$48.9017.8%

      Utilities

      ItemWaverlyNational avg.Difference
      All Electricity$133.78$167.6020.2%
      Phone $177.00$163.428.3%
      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.
      Bourneville, OH26596-4%
      Stockdale, OH1596-4%
      Rarden, OH19284-16%
      Richmond Dale, OH49082-18%
      Piketon, OH1,92983-17%
      Waverly, OH4,37485-15%

      Cities with similar population

      City, StatePopulationCost of Living IndexNational Avg.
      Oasis, CA4,37487-13%
      Kenmar, PA4,37396-4%
      Bluffton, OH4,37692-8%
      South Haven, MI4,37293-7%
      Shelley, ID4,37285-15%
      Waverly, OH4,37485-15%
      Source: The Waverly, OH cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.