Living in Waldron, Michigan
Cost of living, income, home prices, rent and demographics of Waldron · Census data 2020–2024
Waldron has 603 residents with a median age of 39.2. The median household income is $52,750 (28% lower than the Michigan median), the median home value is $83,700, the median rent is $850/month.
Waldron is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Waldron at a glance
- Population
- 603
- Median age
- 39.2State: 40.2
- Median household income
- $52,750State: $72,875
- Median home value
- $83,700State: $231,600
- Median rent
- $850/moState: $1,129
- Homeowners
- 73.1%
- Bachelor's degree or higher
- 7.5%
- Average commute
- 26 min
Is Waldron a good place to live?
Pros: Home values 64% lower than the state median; unemployment of 5.3%; a poverty rate of 8.8%.
Cons: Median household income 28% lower than the Michigan median; an average commute of 26 minutes.
The weather is best in May–June and August–September.
Cost of living in Waldron
Housing is the biggest part of the cost of living. In Waldron the median home value is $83,700, 75% lower than the U.S. median. Renters pay a median of $850 per month, which is 23.2% of household income. Homeowners with a mortgage pay $867 a month in housing costs.
Waldron median household income
The median household income in Waldron is $52,750 and the income per person is $24,769. 8.8% of residents live below the poverty line (Michigan: 13.2%).
Housing in Waldron: homes for sale and rent
- Housing units
- 294
- Owner-occupied
- 73.1%
- Renter-occupied
- 26.9%
- Vacant
- 8.8%Includes seasonal homes
- Median year built
- 1938
- Average household size
- 2.25
Waldron demographics
- Population
- 603
- Median age
- 39.2
- Under 18
- 21.7%
- 65 and older
- 12.9%
- Households
- 268
- Foreign-born
- 0.7%
- Veterans
- 5.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Waldron ›
Education in Waldron
7.5% of adults 25 and older in Waldron have a bachelor's degree or higher (Michigan: 32.4%), and 1.8% have a graduate or professional degree.
Jobs and commute in Waldron
- Unemployment rate
- 5.3%State: 5.7%
- Average commute
- 26 minState: 24 min
- Work from home
- 1.9%
- Drive alone
- 78.2%
- Public transit
- 0%
- Walk to work
- 1.3%
- Homes with broadband
- 84.7%
Waldron vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Waldron | 603 | $52,750 | $83,700 | $850 |
| Fayette | 969 | $49,539 | $94,400 | $806 |
| Pioneer | 1,024 | $44,671 | $152,400 | $743 |
| West Unity | 1,812 | $66,759 | $110,500 | $914 |
| Hudson | 2,200 | $53,009 | $110,300 | $854 |
| Pittsford | 707 | $45,833 | $105,700 | $940 |
| Morenci | 2,137 | $59,643 | $104,300 | $846 |
| Lake Seneca | 532 | $86,202 | $193,200 | — |
| Montpelier | 3,905 | $41,269 | $106,900 | $768 |
More for people moving to Waldron
Waldron ZIP code ›Weather and climate ›Living in Waldron: FAQ
What is the median household income in Waldron, MI?
The median household income in Waldron is $52,750, 28% lower than the Michigan median of $72,875 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Waldron?
The median home value in Waldron is $83,700, compared with $231,600 in Michigan.
How much is rent in Waldron?
The median gross rent in Waldron is $850 per month, about 23.2% of household income.
Is Waldron, MI a good place to live?
Pluses: home values 64% lower than the state median; unemployment of 5.3%; a poverty rate of 8.8%. Minuses: median household income 28% lower than the Michigan median; an average commute of 26 minutes.
What is the median age in Waldron?
The median age in Waldron is 39.2 years (Michigan: 40.2).
How long is the commute in Waldron?
The average commute to work in Waldron is 26 minutes; 1.9% of workers work from home.
What is the unemployment rate in Waldron?
The unemployment rate in Waldron is 5.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Waldron?
7.5% of adults in Waldron 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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