Living in Waverly, Minnesota
Cost of living, income, home prices, rent and demographics of Waverly · Census data 2020–2024
Waverly has 2,285 residents with a median age of 38.1. The median household income is $112,222 (26% higher than the Minnesota median), the median home value is $323,100, the median rent is $941/month.
Waverly at a glance
- Population
- 2,285
- Median age
- 38.1State: 38.8
- Median household income
- $112,222State: $89,062
- Median home value
- $323,100State: $329,300
- Median rent
- $941/moState: $1,280
- Homeowners
- 92.7%
- Bachelor's degree or higher
- 24.6%
- Average commute
- 37 min
Is Waverly a good place to live?
Pros: Median household income 26% higher than the Minnesota median; home values about the same as the state median; unemployment of 2%.
Cons: An average commute of 37 minutes; a poverty rate of 10.6%.
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 $323,100, about the same as the U.S. median. Renters pay a median of $941 per month, which is 19.7% of household income. Homeowners with a mortgage pay $2,090 a month in housing costs.
Waverly median household income
The median household income in Waverly is $112,222 and the income per person is $45,186. 10.6% of residents live below the poverty line (Minnesota: 9.3%).
Housing in Waverly: homes for sale and rent
- Housing units
- 922
- Owner-occupied
- 92.7%
- Renter-occupied
- 7.3%
- Vacant
- 6.1%Includes seasonal homes
- Median year built
- 2004
- Average household size
- 2.57
Waverly demographics
- Population
- 2,285
- Median age
- 38.1
- Under 18
- 21.5%
- 65 and older
- 9.6%
- Households
- 866
- Foreign-born
- 2.6%
- Veterans
- 4.3%Adults 18+
Hispanic or Latino can be of any race. Population history of Waverly ›
Education in Waverly
24.6% of adults 25 and older in Waverly have a bachelor's degree or higher (Minnesota: 39.4%), and 5.4% have a graduate or professional degree.
Jobs and commute in Waverly
- Unemployment rate
- 2%State: 4.1%
- Average commute
- 37 minState: 23 min
- Work from home
- 15.8%
- Drive alone
- 76.1%
- Public transit
- 0.9%
- Walk to work
- 0.2%
- Homes with broadband
- 95.7%
Waverly vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Waverly | 2,285 | $112,222 | $323,100 | $941 |
| Montrose | 3,888 | $102,625 | $275,700 | $1,474 |
| Howard Lake | 1,832 | $92,188 | $273,600 | $911 |
| Winsted | 2,181 | $67,200 | $201,900 | $834 |
| Delano | 6,942 | $109,946 | $375,200 | $964 |
| Watertown | 4,790 | $99,671 | $337,200 | $927 |
| Buffalo | 16,499 | $88,820 | $314,400 | $1,182 |
| Cokato | 2,782 | $70,288 | $223,300 | $797 |
| Rockford | 4,597 | $94,162 | $329,200 | $1,046 |
More for people moving to Waverly
Waverly ZIP code ›Weather and climate ›Living in Waverly: FAQ
What is the median household income in Waverly, MN?
The median household income in Waverly is $112,222, 26% higher than the Minnesota median of $89,062 (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 $323,100, compared with $329,300 in Minnesota.
How much is rent in Waverly?
The median gross rent in Waverly is $941 per month, about 19.7% of household income.
Is Waverly, MN a good place to live?
Pluses: median household income 26% higher than the Minnesota median; home values about the same as the state median; unemployment of 2%. Minuses: an average commute of 37 minutes; a poverty rate of 10.6%.
What is the median age in Waverly?
The median age in Waverly is 38.1 years (Minnesota: 38.8).
How long is the commute in Waverly?
The average commute to work in Waverly is 37 minutes; 15.8% of workers work from home.
What is the unemployment rate in Waverly?
The unemployment rate in Waverly is 2% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Waverly?
24.6% 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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