Living in Waldo, Arkansas
Cost of living, income, home prices, rent and demographics of Waldo · Census data 2020–2024
Waldo has 1,144 residents with a median age of 44.6. The median household income is $40,500 (33% lower than the Arkansas median), the median home value is $61,800, the median rent is $539/month.
Waldo is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Waldo at a glance
- Population
- 1,144
- Median age
- 44.6State: 38.5
- Median household income
- $40,500State: $60,773
- Median home value
- $61,800State: $188,000
- Median rent
- $539/moState: $947
- Homeowners
- 80.2%
- Bachelor's degree or higher
- 4.9%
- Average commute
- 40 min
Is Waldo a good place to live?
Pros: Home values 67% lower than the state median; unemployment of 3.7%.
Cons: Median household income 33% lower than the Arkansas median; an average commute of 40 minutes; a poverty rate of 23.7%.
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 $61,800, 81% lower than the U.S. median. Renters pay a median of $539 per month, which is 25.7% of household income. Homeowners with a mortgage pay $717 a month in housing costs.
Waldo median household income
The median household income in Waldo is $40,500 and the income per person is $20,321. 23.7% of residents live below the poverty line (Arkansas: 16%).
Housing in Waldo: homes for sale and rent
- Housing units
- 695
- Owner-occupied
- 80.2%
- Renter-occupied
- 19.8%
- Vacant
- 30.1%Includes seasonal homes
- Median year built
- 1975
- Average household size
- 2.35
30.1% of homes are vacant most of the year, a sign that Waldo has many vacation and second homes.
Waldo demographics
- Population
- 1,144
- Median age
- 44.6
- Under 18
- 16.1%
- 65 and older
- 24.9%
- Households
- 486
- Foreign-born
- 0%
- Veterans
- 2.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Waldo ›
Education in Waldo
4.9% of adults 25 and older in Waldo have a bachelor's degree or higher (Arkansas: 25.7%), and 0.7% have a graduate or professional degree.
Jobs and commute in Waldo
- Unemployment rate
- 3.7%State: 4.9%
- Average commute
- 40 minState: 23 min
- Work from home
- 2.1%
- Drive alone
- 82%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 57.6%
Waldo vs nearby towns
More for people moving to Waldo
Waldo ZIP code ›Weather and climate ›Living in Waldo: FAQ
What is the median household income in Waldo, AR?
The median household income in Waldo is $40,500, 33% lower than the Arkansas median of $60,773 (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 $61,800, compared with $188,000 in Arkansas.
How much is rent in Waldo?
The median gross rent in Waldo is $539 per month, about 25.7% of household income.
Is Waldo, AR a good place to live?
Pluses: home values 67% lower than the state median; unemployment of 3.7%. Minuses: median household income 33% lower than the Arkansas median; an average commute of 40 minutes; a poverty rate of 23.7%.
What is the median age in Waldo?
The median age in Waldo is 44.6 years (Arkansas: 38.5).
How long is the commute in Waldo?
The average commute to work in Waldo is 40 minutes; 2.1% of workers work from home.
What is the unemployment rate in Waldo?
The unemployment rate in Waldo is 3.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Waldo?
4.9% 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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