Living in Waverly, Iowa
Cost of living, income, home prices, rent and demographics of Waverly · Census data 2020–2024
Waverly has 10,494 residents with a median age of 32.8. The median household income is $80,284 (7% higher than the Iowa median), the median home value is $223,300, the median rent is $1,057/month.
Waverly at a glance
- Population
- 10,494
- Median age
- 32.8State: 38.6
- Median household income
- $80,284State: $75,059
- Median home value
- $223,300State: $208,000
- Median rent
- $1,057/moState: $972
- Homeowners
- 69%
- Bachelor's degree or higher
- 44.1%
- Average commute
- 17 min
Is Waverly a good place to live?
Pros: Median household income 7% higher than the Iowa median; an average commute of 17 minutes; unemployment of 3.5%; a poverty rate of 10.9%.
Cons: Home values 7% higher than the state median.
The weather is best in May and July to September.
Cost of living in Waverly
Housing is the biggest part of the cost of living. In Waverly the median home value is $223,300, 33% lower than the U.S. median. Renters pay a median of $1,057 per month, which is 24.3% of household income. Homeowners with a mortgage pay $1,680 a month in housing costs.
Waverly median household income
The median household income in Waverly is $80,284 and the income per person is $43,064. 10.9% of residents live below the poverty line (Iowa: 11.1%).
Housing in Waverly: homes for sale and rent
- Housing units
- 4,111
- Owner-occupied
- 69%
- Renter-occupied
- 31%
- Vacant
- 6.2%Includes seasonal homes
- Median year built
- 1977
- Average household size
- 2.36
Waverly demographics
- Population
- 10,494
- Median age
- 32.8
- Under 18
- 20.6%
- 65 and older
- 18.6%
- Households
- 3,856
- Foreign-born
- 2.7%
- Veterans
- 5.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Waverly ›
Education in Waverly
44.1% of adults 25 and older in Waverly have a bachelor's degree or higher (Iowa: 31.4%), and 18.3% have a graduate or professional degree.
Jobs and commute in Waverly
- Unemployment rate
- 3.5%State: 3.6%
- Average commute
- 17 minState: 20 min
- Work from home
- 10.6%
- Drive alone
- 68.2%
- Public transit
- 0%
- Walk to work
- 10.7%
- Homes with broadband
- 94.2%
Waverly vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Waverly | 10,494 | $80,284 | $223,300 | $1,057 |
| Janesville | 917 | $103,542 | $221,700 | $717 |
| Shell Rock | 1,625 | $78,657 | $163,100 | $931 |
| Denver | 2,379 | $92,000 | $229,200 | $859 |
| Plainfield | 314 | $80,000 | $128,100 | $684 |
| Clarksville | 1,237 | $62,917 | $125,900 | $728 |
| Tripoli | 1,156 | $78,324 | $120,500 | $940 |
| Readlyn | 736 | $86,103 | $168,400 | $588 |
| New Hartford | 675 | $84,375 | $114,700 | $875 |
More for people moving to Waverly
Waverly ZIP code ›Weather and climate ›Living in Waverly: FAQ
What is the median household income in Waverly, IA?
The median household income in Waverly is $80,284, 7% higher than the Iowa median of $75,059 (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 $223,300, compared with $208,000 in Iowa.
How much is rent in Waverly?
The median gross rent in Waverly is $1,057 per month, about 24.3% of household income.
Is Waverly, IA a good place to live?
Pluses: median household income 7% higher than the Iowa median; an average commute of 17 minutes; unemployment of 3.5%; a poverty rate of 10.9%. Minuses: home values 7% higher than the state median.
What is the median age in Waverly?
The median age in Waverly is 32.8 years (Iowa: 38.6).
How long is the commute in Waverly?
The average commute to work in Waverly is 17 minutes; 10.6% of workers work from home.
What is the unemployment rate in Waverly?
The unemployment rate in Waverly is 3.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Waverly?
44.1% 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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