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CITY

Waverly

Michigan · 23,575 residents · 9.103 sq mi
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The short version

Waverly has roughly average household income, with a median household income of $75,700. Population has grown 46% since 2000. Median home value has more than doubled since 2000, reaching $234,600.

At a glance
Lower income
below the US median
US median: $82,259
Older
median age 41.7
US median: 38.9
More educated
44% hold a bachelor's degree
US average: 36%
Stable housing
home values roughly flat, inflation adjusted
US median home: $376,019
Section 01

Population & growth

Total population
23,575
+46%since 2000
from 16,194 in 2000
1990 – 2024
Population density
2,590 / sq mi
+46%since 2000
from 1,779 / sq mi in 2000
US average: 281
Median age
41.7
+10%since 2000
from 38.0 in 2000
US average: 38.9
Population, 1990 – 2024
15K17K20K23K26K1990201020202024Waverly
202424K
1990201020202024
Section 02

Income & economy

Median household income
$75,700
−19%inflation adjusted, since 2000
from $51,148 in 2000
US average: $82,259
1990 – 2024
Per capita income
$47,266
+76%since 2000
from $26,867 in 2000
US average: $44,673
Households earning $100K+
50.6%
+15.8 ptssince 2009
from 34.8% in 2009
US average: 53.3%
Poverty rate
10.1%
+4.3 ptssince 2000
from 5.8% in 2000
US average: 12.5%
Income inequality (Gini)
0.449
+19%since 2010
from 0.377 in 2010
US average: 0.476
Workforce by industry, 2024
Retail trade12.6%
US avg: 9.9%
Other services11.6%
US avg: 6.7%
Public administration10.3%
US avg: 4.8%
Information9.2%
US avg: 10.8%
Finance & insurance4.9%
US avg: 5.9%
Professional, scientific, technical3.9%
US avg: 5.1%
Wholesale trade3.6%
US avg: 6.9%
Transportation & warehousing2.5%
US avg: 2.2%
Arts, entertainment, food1.8%
US avg: 1.9%
Education & health services1%
US avg: 0.9%
Agriculture, forestry, fishing0.5%
US avg: 1.6%
Construction0.5%
US avg: 1.2%
Manufacturing0%
US avg: 0.4%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$234,600
+2%inflation adjusted, since 2000
from $126,500 in 2000
US average: $376,019
1990 – 2024
Median gross rent
$1,170
+12%inflation adjusted, since 2000
from $572 in 2000
US average: $1,442
Owner-occupied
55.7%
−5.4 ptssince 2000
from 61.2% in 2000
44.3% rent
Vacancy rate
3.2%
−2.1 ptssince 2009
from 5.3% in 2009
US average: 10.0%
Owner cost-burdened
19.8%
−4.4 ptssince 2009
from 24.2% in 2009
US average: 22.9%
Renter cost-burdened
37.8%
+1.8 ptssince 2009
from 36.0% in 2009
US average: 47.4%
Afford Score
3.1
+25%since 2000
from 2.5 in 2000
1990 – 2024
Gentrification Score
37
RELATED:See current rent listings in Waverly on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic78.9%(12,769)
Black10.6%(1,709)
Hispanic / Latino4.6%(739)
Asian3.3%(537)
Other0%
Diversity Score41%(6,638)
2024
White, non-Hispanic63.2%(14,910)
Black15%(3,543)
Hispanic / Latino9.1%(2,134)
Asian6.4%(1,500)
Other6.3%(1,488)
Diversity Score70.1%(16,538)
Diversity Score
70
+71%since 2000
from 41 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
44.1%
+9.8 ptssince 2000
from 34.4% in 2000
US average: 35.6%
High school or higher
93.5%
+0.8 ptssince 2000
from 92.7% in 2000
US average: 89.6%
Graduate degree
14.7%
+4.3 ptssince 2000
from 10.4% in 2000
US average: 14.0%
Section 06

Commute & transportation

Average commute
18.1 min
+58%since 2000
from 11.5 min in 2000
US average: 26.5
Drive alone to work
67.3%
−19.5 ptssince 2009
from 86.8% in 2009
US average: 68.9%
Carpooled to work
8.9%
+0.7 ptssince 2009
from 8.2% in 2009
US average: 8.5%
Public transit
1.4%
+0.4 ptssince 2009
from 1.0% in 2009
US average: 3.2%
Worked from home
19.1%
+16.7 ptssince 2009
from 2.4% in 2009
US average: 15.0%
Walked to work
1.3%
−0.1 ptssince 2009
from 1.4% in 2009
US average: 2.4%
Biked to work
0.1%
+0.1 ptssince 2009
from 0.0% in 2009
US average: 0.4%
No vehicle available
6.8%
+0.1 ptssince 2009
from 6.6% in 2009
US average: 8.3%
Section 07

Work & employment

Unemployment rate
5.9%
−2.1 ptssince 2011
from 8.1% in 2011
US average: 5.2%
Labor force participation
64.1%
−2.5 ptssince 2011
from 66.5% in 2011
US average: 63.5%
Self-employed
16.3%
−0.2 ptssince 2009
from 16.4% in 2009
US average: 13.1%
Management & professional
42.9%
−26.8 ptssince 2009
from 69.7% in 2009
US average: 42.5%
Section 08

People & community

Male
47.2%
−1.3 ptssince 2009
from 48.4% in 2009
Female
52.8%
+1.3 ptssince 2009
from 51.6% in 2009
Foreign born
9.6%
+4.1 ptssince 2009
from 5.5% in 2009
US average: 14.1%
Veterans
6.7%
−40.6 ptssince 2009
from 47.2% in 2009
US average: 6.2%
With a disability
17.8%
+4.8 ptssince 2012
from 13.0% in 2012
US average: 13.3%
Uninsured
3.3%
−88.2 ptssince 2013
from 91.5% in 2013
US average: 8.4%
Broadband at home
91.5%
+9.3 ptssince 2017
from 82.2% in 2017
US average: 91.0%
English only at home
86.7%
+1.1 ptssince 2016
from 85.6% in 2016
US average: 77.7%
Spanish at home
4.9%
−1.6 ptssince 2016
from 6.5% in 2016
US average: 13.6%
Drill deeper

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Head to head

Compare Waverly to nearby cities

WAVERLY VS
Lansing
Income$54,382−28%
Home value$128,700−45%
Population113,884+383%
SEE FULL COMPARISON →
WAVERLY VS
East Lansing
Income$45,687−40%
Home value$270,800+15%
Population49,355+109%
SEE FULL COMPARISON →
WAVERLY VS
Holt
Income$86,472+14%
Home value$226,400−3%
Population25,316+7%
SEE FULL COMPARISON →
WAVERLY VS
Okemos
Income$102,612+36%
Home value$359,200+53%
Population26,396+12%
SEE FULL COMPARISON →
Frequently asked

How many people live in Waverly, Michigan?

Waverly, Michigan has about 23,575 residents according to the 2024 American Community Survey.

What is the median household income in Waverly, Michigan?

The typical household in Waverly, Michigan earns about $75,700 a year. Half of households make more than that, and half make less.

Is Waverly, Michigan expensive?

In Waverly, Michigan, the median home is worth about $234,600, and the typical rent is about $1,170 a month.

How educated are people in Waverly, Michigan?

About 44.1% of adults age 25 and over in Waverly, Michigan hold a bachelor's degree or higher.

What is the poverty rate in Waverly, Michigan?

About 10.1% of people in Waverly, Michigan live below the federal poverty line.

Has Waverly, Michigan grown since 1990?

Yes, Waverly, Michigan has grown since 1990. The population has added about 7,961 residents, a change of about 51 percent over that period.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

How we source and harmonize this data →

Waverly, Michigan: demographics, income & housing data · CensusEasy