Living in Waverly, Michigan
Cost of living, income, home prices, rent and demographics of Waverly · Census data 2020–2024
Waverly has 23,575 residents with a median age of 41.7. The median household income is $75,700 (4% higher than the Michigan median), the median home value is $234,600, the median rent is $1,170/month.
Waverly at a glance
- Population
- 23,575
- Median age
- 41.7State: 40.2
- Median household income
- $75,700State: $72,875
- Median home value
- $234,600State: $231,600
- Median rent
- $1,170/moState: $1,129
- Homeowners
- 55.7%
- Bachelor's degree or higher
- 44.1%
- Average commute
- 18 min
Is Waverly a good place to live?
Pros: Median household income 4% higher than the Michigan median; an average commute of 18 minutes; a poverty rate of 10.1%.
Cons: Home values about the same as the state median; unemployment of 5.9%.
The weather is best in June to September.
Cost of living in Waverly
Housing is the biggest part of the cost of living. In Waverly the median home value is $234,600, 29% lower than the U.S. median. Renters pay a median of $1,170 per month, which is 25.3% of household income. Homeowners with a mortgage pay $1,545 a month in housing costs.
Waverly median household income
The median household income in Waverly is $75,700 and the income per person is $47,266. 10.1% of residents live below the poverty line (Michigan: 13.2%).
Housing in Waverly: homes for sale and rent
- Housing units
- 11,742
- Owner-occupied
- 55.7%
- Renter-occupied
- 44.3%
- Vacant
- 3.2%Includes seasonal homes
- Median year built
- 1979
- Average household size
- 2.05
Waverly demographics
- Population
- 23,575
- Median age
- 41.7
- Under 18
- 17.3%
- 65 and older
- 22.9%
- Households
- 11,368
- Foreign-born
- 9.6%
- Veterans
- 6.7%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 (Michigan: 32.4%), and 14.7% have a graduate or professional degree.
Jobs and commute in Waverly
- Unemployment rate
- 5.9%State: 5.7%
- Average commute
- 18 minState: 24 min
- Work from home
- 19.1%
- Drive alone
- 67.3%
- Public transit
- 1.4%
- Walk to work
- 1.3%
- Homes with broadband
- 91.5%
Waverly vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Waverly | 23,575 | $75,700 | $234,600 | $1,170 |
| Edgemont Park | 2,551 | $62,543 | $162,400 | $774 |
| Lansing | 113,023 | $54,382 | $128,700 | $993 |
| Grand Ledge | 7,804 | $68,980 | $194,000 | $982 |
| Dimondale | 1,521 | $111,042 | $216,400 | $864 |
| Wacousta | 1,711 | $109,250 | $283,700 | — |
| DeWitt | 4,777 | $110,341 | $309,900 | $1,072 |
| East Lansing | 45,758 | $45,687 | $270,800 | $1,171 |
| Holt | 25,316 | $86,472 | $226,400 | $1,317 |
More for people moving to Waverly
Waverly ZIP code ›Weather and climate ›Living in Waverly: FAQ
What is the median household income in Waverly, MI?
The median household income in Waverly is $75,700, 4% higher 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 Waverly?
The median home value in Waverly is $234,600, compared with $231,600 in Michigan.
How much is rent in Waverly?
The median gross rent in Waverly is $1,170 per month, about 25.3% of household income.
Is Waverly, MI a good place to live?
Pluses: median household income 4% higher than the Michigan median; an average commute of 18 minutes; a poverty rate of 10.1%. Minuses: home values about the same as the state median; unemployment of 5.9%.
What is the median age in Waverly?
The median age in Waverly is 41.7 years (Michigan: 40.2).
How long is the commute in Waverly?
The average commute to work in Waverly is 18 minutes; 19.1% of workers work from home.
What is the unemployment rate in Waverly?
The unemployment rate in Waverly is 5.9% (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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