Cost of Living in Waverly, TN
Population 4,278 · Tennessee · Data vintage 2023
(100 = US avg)
Household incomes in Waverly run well below national norms — a median of $45,600 versus the $74,580 US figure. Housing costs partially offset that gap (typical home values around $165,000). Unemployment has stayed elevated relative to the national figure — 18.8% as of the most recent ACS release — which shows up in household-income and poverty figures as well.
Waverly is about 40 miles southwest of Clarksville, the nearest large metro — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 30% lower than Clarksville's $236,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Waverly
The median home value in Waverly is $164,700 — 46% below the national median of $305,000. Median rent runs $841/month, 36% lower than the national median of $1,314/month. The median household income of $45,600/year is 39% lower than the US median of $74,580. The local unemployment rate is 18.8%, above the national average of 4.8%. Tennessee charges no state income tax, a meaningful advantage for take-home pay. The climate averages highs of 69.1°F and lows of 47.7°F. Overall, Waverly has a cost of living index of 58 versus the US average of 100, meaning it is 42% less expensive.
Waverly has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 46 | 51 | 60 | 70 | 78 | 86 | 89 | 89 | 82 | 72 | 59 | 49 |
| Low °F | 28 | 31 | 38 | 47 | 57 | 64 | 68 | 66 | 59 | 47 | 37 | 31 |
| Precip" | 3.28 | 3.87 | 4.32 | 4.55 | 4.90 | 3.65 | 3.74 | 2.90 | 3.47 | 4.13 | 4.04 | 4.36 |
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Waverly, TN?
Waverly has a cost index of 58 (100 = national average). It is 42% below the national average.
What is average rent in Waverly, TN?
The median gross rent in Waverly is $841 per month based on 2023 Census data.
What is the average home price in Waverly?
The median home value in Waverly is $164,700 according to Zillow and Census data.
What is the median income in Waverly?
The median household income in Waverly is $45,600 per year (2023 ACS 5-year estimates).
What is the sales tax in Waverly, TN?
The combined state and local sales tax rate in Waverly is 9.6%. Tennessee has no state income tax.
Is Waverly, TN affordable?
Yes, Waverly is generally considered affordable, with a cost of living index of 58 — about 42% below the US national average of 100.
What is the weather like in Waverly?
Waverly has average high temperatures of 69.1°F and average lows of 47.7°F. Annual precipitation is 47.2". Data from NOAA 1991–2020 Climate Normals.
Waverly at a Glance
- Population
- 4,278
- Median Income
- $45,600
- Home Value
- $164,700
- Median Rent
- $841/mo
- Unemployment
- 18.8%
- Avg High Temp
- 69.1°F
- Sales Tax
- 9.6%
Nearby Cities
Explore county-level cost of living data
Tennessee Rankings
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