Waverly, Michigan

Cost of living in Waverly, Michigan

  • Cost of living compated to USAthe lowest
  • Cost of living compared to Michiganhigh
  • Median household incomehigh

Is it expensive to live in Waverly, Michigan? When calculating the cost of living in Waverly, Michigan we factor in state income tax rates, average housing rental prices, average property values, cost of living index, and more.

The cost of living in Waverly, Michigan is the lowestAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and highAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Michigan, while median household income in Waverly is $66,930 which is high Analytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and highAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Michigan.

Taxes in Waverly, Michigan

The sales tax rate in Waverly, Michigan is 6.0%. Last year, the average property taxes paid was 1.7% Waverly, Michigan.

The state income tax in the state of Michigan is 4.25%.

Housing costs in Waverly, Michigan

  • The average cost of a single-family home compated to USAmoderate
  • The average cost of a single-family home compated to Michiganmoderate

In Waverly, Michigan, 54% of the population owns their homes, while approximately 46% rent. The average cost of a single-family home in Waverly, Michigan in 2022 is $194,677 which is moderateAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in the United States and moderateAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest in Michigan. The average one-bedroom apartment cost is approximately $749 per month.

Rental SizeMonthly CostCompared to Michigan
1 Bedroom$749moderateAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
2 Bedroom$914moderateAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
3 Bedroom$1,175moderateAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest
4 Bedroom$1,240lowAnalytics team at Dwellics grouped locations into 5 ranges for each metric: Lowest, Low, Moderate, High, Highest