Living in Waveland, Indiana
Cost of living, income, home prices, rent and demographics of Waveland · Census data 2020–2024
Waveland has 475 residents with a median age of 24.9. The median household income is $52,292 (27% lower than the Indiana median), the median home value is $108,600, the median rent is $850/month.
Waveland is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Waveland at a glance
- Population
- 475
- Median age
- 24.9State: 38.1
- Median household income
- $52,292State: $71,957
- Median home value
- $108,600State: $218,200
- Median rent
- $850/moState: $1,062
- Homeowners
- 86.7%
- Bachelor's degree or higher
- 11.4%
- Average commute
- 31 min
Is Waveland a good place to live?
Pros: Home values 50% lower than the state median; unemployment of 2.6%.
Cons: Median household income 27% lower than the Indiana median; an average commute of 31 minutes; a poverty rate of 18.5%.
The weather is best in May–June and August–September.
Cost of living in Waveland
Housing is the biggest part of the cost of living. In Waveland the median home value is $108,600, 67% lower than the U.S. median. Renters pay a median of $850 per month, which is 22.5% of household income. Homeowners with a mortgage pay $1,164 a month in housing costs.
Waveland median household income
The median household income in Waveland is $52,292 and the income per person is $21,252. 18.5% of residents live below the poverty line (Indiana: 12.3%).
Housing in Waveland: homes for sale and rent
- Housing units
- 198
- Owner-occupied
- 86.7%
- Renter-occupied
- 13.3%
- Vacant
- 20.2%Includes seasonal homes
- Median year built
- 1938
- Average household size
- 3.01
Waveland demographics
- Population
- 475
- Median age
- 24.9
- Under 18
- 42.9%
- 65 and older
- 11.6%
- Households
- 158
- Foreign-born
- 1.1%
- Veterans
- 3.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Waveland ›
Education in Waveland
11.4% of adults 25 and older in Waveland have a bachelor's degree or higher (Indiana: 29.5%), and 2.5% have a graduate or professional degree.
Jobs and commute in Waveland
- Unemployment rate
- 2.6%State: 4.3%
- Average commute
- 31 minState: 24 min
- Work from home
- 1.1%
- Drive alone
- 72.4%
- Public transit
- 2.2%
- Walk to work
- 0%
- Homes with broadband
- 93%
Waveland vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Waveland | 475 | $52,292 | $108,600 | $850 |
| Russellville | 308 | $72,875 | $120,800 | — |
| Lake Holiday | 845 | $109,306 | $291,100 | — |
| Marshall | 266 | $65,625 | $85,000 | $788 |
| New Market | 509 | $67,969 | $142,300 | $935 |
| Wallace | 140 | $75,500 | $103,400 | — |
| Bloomingdale | 324 | $58,500 | $97,500 | $478 |
| Van Bibber Lake | 658 | $37,315 | $65,500 | $813 |
| Rockville | 2,559 | $57,083 | $99,600 | $731 |
More for people moving to Waveland
Waveland ZIP code ›Weather and climate ›Living in Waveland: FAQ
What is the median household income in Waveland, IN?
The median household income in Waveland is $52,292, 27% lower than the Indiana median of $71,957 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Waveland?
The median home value in Waveland is $108,600, compared with $218,200 in Indiana.
How much is rent in Waveland?
The median gross rent in Waveland is $850 per month, about 22.5% of household income.
Is Waveland, IN a good place to live?
Pluses: home values 50% lower than the state median; unemployment of 2.6%. Minuses: median household income 27% lower than the Indiana median; an average commute of 31 minutes; a poverty rate of 18.5%.
What is the median age in Waveland?
The median age in Waveland is 24.9 years (Indiana: 38.1).
How long is the commute in Waveland?
The average commute to work in Waveland is 31 minutes; 1.1% of workers work from home.
What is the unemployment rate in Waveland?
The unemployment rate in Waveland is 2.6% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Waveland?
11.4% of adults in Waveland 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.
Last updated: