Living in Waverly, Tennessee
Cost of living, income, home prices, rent and demographics of Waverly · Census data 2020–2024
Waverly has 4,302 residents with a median age of 46. The median household income is $43,773 (37% lower than the Tennessee median), the median home value is $171,900, the median rent is $916/month.
Waverly at a glance
- Population
- 4,302
- Median age
- 46State: 38.9
- Median household income
- $43,773State: $69,595
- Median home value
- $171,900State: $286,700
- Median rent
- $916/moState: $1,189
- Homeowners
- 69.2%
- Bachelor's degree or higher
- 16.3%
- Average commute
- 38 min
Is Waverly a good place to live?
Pros: Home values 40% lower than the state median.
Cons: Median household income 37% lower than the Tennessee median; an average commute of 38 minutes; unemployment of 14.1%; a poverty rate of 16.2%.
The weather is best in April–May and September–October.
Cost of living in Waverly
Housing is the biggest part of the cost of living. In Waverly the median home value is $171,900, 48% lower than the U.S. median. Renters pay a median of $916 per month, which is 31.8% of household income. Homeowners with a mortgage pay $1,099 a month in housing costs.
Waverly median household income
The median household income in Waverly is $43,773 and the income per person is $32,518. 16.2% of residents live below the poverty line (Tennessee: 13.8%).
Housing in Waverly: homes for sale and rent
- Housing units
- 2,365
- Owner-occupied
- 69.2%
- Renter-occupied
- 30.8%
- Vacant
- 11%Includes seasonal homes
- Median year built
- 1972
- Average household size
- 1.97
Waverly demographics
- Population
- 4,302
- Median age
- 46
- Under 18
- 9.9%
- 65 and older
- 26.3%
- Households
- 2,105
- Foreign-born
- 2%
- Veterans
- 8.3%Adults 18+
Hispanic or Latino can be of any race. Population history of Waverly ›
Education in Waverly
16.3% of adults 25 and older in Waverly have a bachelor's degree or higher (Tennessee: 31.1%), and 4.7% have a graduate or professional degree.
Jobs and commute in Waverly
- Unemployment rate
- 14.1%State: 4.7%
- Average commute
- 38 minState: 26 min
- Work from home
- 3.8%
- Drive alone
- 70.6%
- Public transit
- 0%
- Walk to work
- 5.4%
- Homes with broadband
- 82.6%
Waverly vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Waverly | 4,302 | $43,773 | $171,900 | $916 |
| McEwen | 1,806 | $60,781 | $205,300 | $745 |
| New Johnsonville | 2,060 | $78,661 | $158,400 | $874 |
| Eva | 109 | $40,000 | $154,900 | — |
| Tennessee Ridge | 1,726 | $74,271 | $171,800 | $935 |
| Erin | 1,058 | $36,488 | $202,900 | $512 |
| Camden | 3,678 | $55,029 | $155,200 | $749 |
| Big Sandy | 507 | $47,500 | $70,000 | $771 |
| Vanleer | 666 | $67,375 | $225,000 | $791 |
More for people moving to Waverly
Waverly ZIP code ›Weather and climate ›Living in Waverly: FAQ
What is the median household income in Waverly, TN?
The median household income in Waverly is $43,773, 37% lower than the Tennessee median of $69,595 (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 $171,900, compared with $286,700 in Tennessee.
How much is rent in Waverly?
The median gross rent in Waverly is $916 per month, about 31.8% of household income.
Is Waverly, TN a good place to live?
Pluses: home values 40% lower than the state median. Minuses: median household income 37% lower than the Tennessee median; an average commute of 38 minutes; unemployment of 14.1%; a poverty rate of 16.2%.
What is the median age in Waverly?
The median age in Waverly is 46 years (Tennessee: 38.9).
How long is the commute in Waverly?
The average commute to work in Waverly is 38 minutes; 3.8% of workers work from home.
What is the unemployment rate in Waverly?
The unemployment rate in Waverly is 14.1% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Waverly?
16.3% 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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