Living in Waverly, Illinois
Cost of living, income, home prices, rent and demographics of Waverly · Census data 2020–2024
Waverly has 1,375 residents with a median age of 41.7. The median household income is $55,671 (33% lower than the Illinois median), the median home value is $98,400, the median rent is $772/month.
Waverly is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Waverly at a glance
- Population
- 1,375
- Median age
- 41.7State: 39
- Median household income
- $55,671State: $83,390
- Median home value
- $98,400State: $263,300
- Median rent
- $772/moState: $1,274
- Homeowners
- 82.3%
- Bachelor's degree or higher
- 18%
- Average commute
- 23 min
Is Waverly a good place to live?
Pros: Home values 63% lower than the state median; an average commute of 23 minutes; unemployment of 4.9%; a poverty rate of 7.9%.
Cons: Median household income 33% lower than the Illinois median.
The weather is best in May–June and August–September.
Cost of living in Waverly
Housing is the biggest part of the cost of living. In Waverly the median home value is $98,400, 70% lower than the U.S. median. Renters pay a median of $772 per month, which is 21.7% of household income. Homeowners with a mortgage pay $1,151 a month in housing costs.
Waverly median household income
The median household income in Waverly is $55,671 and the income per person is $32,182. 7.9% of residents live below the poverty line (Illinois: 11.8%).
Housing in Waverly: homes for sale and rent
- Housing units
- 603
- Owner-occupied
- 82.3%
- Renter-occupied
- 17.7%
- Vacant
- 12.1%Includes seasonal homes
- Median year built
- 1944
- Average household size
- 2.59
Waverly demographics
- Population
- 1,375
- Median age
- 41.7
- Under 18
- 25.7%
- 65 and older
- 19.6%
- Households
- 530
- Foreign-born
- 1.2%
- Veterans
- 9.6%Adults 18+
Hispanic or Latino can be of any race. Population history of Waverly ›
Education in Waverly
18% of adults 25 and older in Waverly have a bachelor's degree or higher (Illinois: 37.8%), and 6.5% have a graduate or professional degree.
Jobs and commute in Waverly
- Unemployment rate
- 4.9%State: 5.8%
- Average commute
- 23 minState: 28 min
- Work from home
- 7.1%
- Drive alone
- 86.3%
- Public transit
- 0%
- Walk to work
- 0.9%
- Homes with broadband
- 87.2%
Waverly vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Waverly | 1,375 | $55,671 | $98,400 | $772 |
| Franklin | 650 | $75,714 | $116,400 | $940 |
| Loami | 782 | $57,813 | $131,900 | $907 |
| Modesto | 145 | $70,417 | $81,400 | — |
| New Berlin | 1,442 | $70,179 | $163,400 | $643 |
| Thayer | 531 | $62,083 | $97,100 | $968 |
| Palmyra | 486 | $44,276 | $87,500 | $718 |
| Auburn | 4,306 | $81,411 | $149,600 | $1,011 |
| Virden | 3,171 | $80,577 | $101,300 | $864 |
More for people moving to Waverly
Waverly ZIP code ›Weather and climate ›Living in Waverly: FAQ
What is the median household income in Waverly, IL?
The median household income in Waverly is $55,671, 33% lower than the Illinois median of $83,390 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Waverly?
The median home value in Waverly is $98,400, compared with $263,300 in Illinois.
How much is rent in Waverly?
The median gross rent in Waverly is $772 per month, about 21.7% of household income.
Is Waverly, IL a good place to live?
Pluses: home values 63% lower than the state median; an average commute of 23 minutes; unemployment of 4.9%; a poverty rate of 7.9%. Minuses: median household income 33% lower than the Illinois median.
What is the median age in Waverly?
The median age in Waverly is 41.7 years (Illinois: 39).
How long is the commute in Waverly?
The average commute to work in Waverly is 23 minutes; 7.1% of workers work from home.
What is the unemployment rate in Waverly?
The unemployment rate in Waverly is 4.9% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Waverly?
18% of adults in Waverly 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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