Living in Waldo, Alabama
Cost of living, income, home prices, rent and demographics of Waldo · Census data 2020–2024
Waldo has 239 residents with a median age of 60. The median household income is $29,000 (55% lower than the Alabama median), the median home value is $61,700.
Waldo is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Waldo at a glance
- Population
- 239
- Median age
- 60State: 39.3
- Median household income
- $29,000State: $63,999
- Median home value
- $61,700State: $209,900
- Homeowners
- 76.2%
- Bachelor's degree or higher
- 12.9%
- Average commute
- 51 min
Is Waldo a good place to live?
Pros: Home values 71% lower than the state median.
Cons: Median household income 55% lower than the Alabama median; an average commute of 51 minutes; unemployment of 18.2%; a poverty rate of 25.1%.
The weather is best in April–May and September–October.
Cost of living in Waldo
Housing is the biggest part of the cost of living. In Waldo the median home value is $61,700, 81% lower than the U.S. median. Renters pay a median of — per month, which is 29.5% of household income. Homeowners with a mortgage pay $1,000 a month in housing costs.
Waldo median household income
The median household income in Waldo is $29,000 and the income per person is $20,310. 25.1% of residents live below the poverty line (Alabama: 15.6%).
Housing in Waldo: homes for sale and rent
- Housing units
- 148
- Owner-occupied
- 76.2%
- Renter-occupied
- 23.8%
- Vacant
- 17.6%Includes seasonal homes
- Median year built
- 1991
- Average household size
- 1.96
Waldo demographics
- Population
- 239
- Median age
- 60
- Under 18
- 15.9%
- 65 and older
- 31.4%
- Households
- 122
- Foreign-born
- 0%
- Veterans
- 8.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Waldo ›
Education in Waldo
12.9% of adults 25 and older in Waldo have a bachelor's degree or higher (Alabama: 28.4%), and 4.6% have a graduate or professional degree.
Jobs and commute in Waldo
- Unemployment rate
- 18.2%State: 4.7%
- Average commute
- 51 minState: 26 min
- Work from home
- 0%
- Drive alone
- 83.1%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 73%
Waldo vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Waldo | 239 | $29,000 | $61,700 | — |
| Talladega | 14,760 | $44,198 | $121,900 | $776 |
| Munford | 1,508 | $42,284 | $78,200 | $778 |
| Lincoln | 7,305 | $57,145 | $187,200 | $919 |
| Ashland | 1,797 | $42,308 | $159,300 | $366 |
| Millerville | 447 | $96,071 | — | — |
| Lineville | 2,546 | $38,302 | $175,500 | $658 |
| Pell City | 13,587 | $68,638 | $249,600 | $1,099 |
| Oxford | 22,063 | $74,268 | $170,900 | $925 |
More for people moving to Waldo
Waldo ZIP code ›Weather and climate ›Living in Waldo: FAQ
What is the median household income in Waldo, AL?
The median household income in Waldo is $29,000, 55% lower than the Alabama median of $63,999 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Waldo?
The median home value in Waldo is $61,700, compared with $209,900 in Alabama.
Is Waldo, AL a good place to live?
Pluses: home values 71% lower than the state median. Minuses: median household income 55% lower than the Alabama median; an average commute of 51 minutes; unemployment of 18.2%; a poverty rate of 25.1%.
What is the median age in Waldo?
The median age in Waldo is 60 years (Alabama: 39.3).
How long is the commute in Waldo?
The average commute to work in Waldo is 51 minutes; 0% of workers work from home.
What is the unemployment rate in Waldo?
The unemployment rate in Waldo is 18.2% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Waldo?
12.9% of adults in Waldo have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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