Cost Of Living in Waverly, TN

Get 300+ Local Insights for Any Address in Waverly, TN

Get Access to 300+ Local Data Points

A+

14%

Overall NAT. AVG.

3%

Groceries NAT. AVG.

40%

Housing NAT. AVG.

Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.

The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index	Waverly	Tennessee	National
Cost of living	86	92	100
Groceries	97	98	100
Health care	97	97	100
Housing	60	80	100
Transportation	99	97	100
Utilities	99	98	100
Lifestyle & Entertainment	101	97	100
Household Items	96	98	100
Education & Childcare	92	97	100

Does this Area Fit Your Budget?

Know the community before you call it home
Compare multiple areas side by side
Access over 300 data points for any address

GET REPORT →

Homes For Sale In Waverly, TN

145 Airport Ct

Waverly, TN

101 Slayden Ave

Waverly, TN

5 Harbor View Ln

, TN

2 Turtle Point Ln

, TN

See the Newest Homes For Sale In Waverly, TN

Cost Of Living Quick Facts

The cost of living in Waverly is 7% lower than the Tennessee average
The cost of living in Waverly is 14% lower than the national average
Waverly housing is 40% lower than the national average
Tennessee general sales tax is 37% higher than the national average
Tennessee state income tax is 100% lower than the national average

Most Affordable Places to Live in and Around Waverly

See all the best places to live around Waverly

Compare Waverly, TN Cost of Living

Write a review to give others more information about this area.

See all Waverly poll results

The best places in Tennessee

Here are the best places to live in Tennessee

These are the largest cities in Tennessee

Most Dangerous States In The US

Safest Cities In The US

Salary Calculator

This is how much you would need to earn in

Price difference in compared to

Cost of living index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
Lifestyle index
Household index
Educare index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$70,474	$5,873	$1,644	$2,114
Renters	$37,593	$3,133	$877	$1,128

To approximate the cost of living and the housing affordability in Waverly, TN, we can look at the percentage of income that is available to be spent on monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side, a consumer should not spend more than 28% of his or her gross income on housing-related expenses and costs and not more than 36% of income on all expenses and debts. Homeowners in Waverly have a median income of $70,474. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,644 per month to avoid calamity and poverty. The renters in the city have an income of about $37,593, which would make their monthly maximum allowable rental costs $877.

Tennessee Sales Tax

State	General Sales Tax	With Max Surtax
Tennessee	7%	9.75%

Tennessee Income Tax

State	Income Tax (Low)	Income Tax (High)
Tennessee	0%	0%

Nearby cities with low cost of living

City	Population	Cost of Living Index	National Avg.
Eva, TN	72	97	2.8%
McEwen, TN	1,843	85	15.5%
New Johnsonville, TN	1,992	89	11.3%
Waverly, TN	4,211	86	13.9%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
San Castle, FL	4,211	101	0.8%
Pupukea, HI	4,211	246	145.8%
Rutherfordton, NC	4,211	94	5.7%
Bowen Island, BC	4,211	n/a
Camdenton, MO	4,210	89	11.0%
Waverly, TN	4,211	86	13.9%