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CITY

Waverly

Minnesota · 2,293 residents (2025 est.) · 1.657 sq mi
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The short version

Waverly is significantly wealthier than the US average, with a median household income of $112,222. The city has more than doubled in size since 2000, adding 1,553 residents. Median home value has roughly tripled since 2000, reaching $323,100. It ranks in the top 5% of US cities for household income. Households here earn about 26% more than the Minnesota median.

At a glance
Wealthier
above the US median
US median: $82,259
Mid-age
median age 38.1
US median: 38.9
Less educated
25% hold a bachelor's degree
US average: 36%
Less affordable
home values up 56%, inflation adjusted
US median home: $376,019
Section 01

Population & growth

Total population
2,285
+212%since 2000
from 732 in 2000
1990 – 2025
Population density
1,379 / sq mi
+212%since 2000
from 442 / sq mi in 2000
US average: 281
Median age
38.1
+8%since 2000
from 35.3 in 2000
US average: 38.9

PEP 2025 EST:2,293 residents (Census Bureau Vintage 2025, released March 2026)

Population, 1990 – 2024
4339381K2K2K1990201020202024Waverly
20242K
1990201020202024
Section 02

Income & economy

Median household income
$112,222
+18%inflation adjusted, since 2000
from $52,000 in 2000
US average: $82,259
1990 – 2024
Per capita income
$45,186
+100%since 2000
from $22,552 in 2000
US average: $44,673
Households earning $100K+
71.2%
+36.9 ptssince 2009
from 34.3% in 2009
US average: 53.3%
Poverty rate
10.6%
+6.5 ptssince 2000
from 4.2% in 2000
US average: 12.5%
Income inequality (Gini)
0.316
−22%since 2010
from 0.407 in 2010
US average: 0.476
Workforce by industry, 2024
Retail trade18.5%
US avg: 9.9%
Other services10%
US avg: 6.7%
Wholesale trade8.8%
US avg: 6.9%
Information8.6%
US avg: 10.8%
Public administration8.1%
US avg: 4.8%
Finance & insurance5.8%
US avg: 5.9%
Transportation & warehousing3.7%
US avg: 2.2%
Professional, scientific, technical3.7%
US avg: 5.1%
Education & health services2.2%
US avg: 0.9%
Arts, entertainment, food1.9%
US avg: 1.9%
Agriculture, forestry, fishing0.3%
US avg: 1.6%
Construction0.3%
US avg: 1.2%
Manufacturing0%
US avg: 0.4%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$323,100
+56%inflation adjusted, since 2000
from $113,700 in 2000
US average: $376,019
1990 – 2024
Median gross rent
$941
+26%inflation adjusted, since 2000
from $410 in 2000
US average: $1,442
Owner-occupied
92.7%
+11.7 ptssince 2000
from 81.0% in 2000
7.3% rent
Vacancy rate
6.1%
−2.3 ptssince 2009
from 8.3% in 2009
US average: 10.0%
Owner cost-burdened
19.7%
−8.8 ptssince 2009
from 28.5% in 2009
US average: 22.9%
Renter cost-burdened
38.1%
+4.8 ptssince 2009
from 33.3% in 2009
US average: 47.4%
Afford Score
2.9
+32%since 2000
from 2.2 in 2000
1990 – 2024
Gentrification Score
48
RELATED:See current rent listings in Waverly on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic98.9%(724)
Black0.1%(1)
Hispanic / Latino0.3%(2)
Asian0.3%(2)
Other0%
Diversity Score1.7%(12)
2024
White, non-Hispanic90.2%(2,062)
Black0.7%(16)
Hispanic / Latino4.7%(108)
Asian1%(22)
Other3.4%(77)
Diversity Score22.8%(520)
Diversity Score
23
+1234%since 2000
from 2 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
24.6%
+9.0 ptssince 2000
from 15.7% in 2000
US average: 35.6%
High school or higher
95.5%
+8.7 ptssince 2000
from 86.8% in 2000
US average: 89.6%
Graduate degree
5.4%
+3.1 ptssince 2000
from 2.3% in 2000
US average: 14.0%
Section 06

Commute & transportation

Average commute
37.0 min
+57%since 2000
from 23.6 min in 2000
US average: 26.5
Drive alone to work
76.1%
−8.1 ptssince 2009
from 84.2% in 2009
US average: 68.9%
Carpooled to work
6.7%
−0.9 ptssince 2009
from 7.6% in 2009
US average: 8.5%
Public transit
0.9%
+0.9 ptssince 2009
from 0.0% in 2009
US average: 3.2%
Worked from home
15.8%
+8.9 ptssince 2009
from 6.9% in 2009
US average: 15.0%
Walked to work
0.2%
−1.1 ptssince 2009
from 1.3% in 2009
US average: 2.4%
Biked to work
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 0.4%
No vehicle available
0.3%
−1.7 ptssince 2009
from 2.1% in 2009
US average: 8.3%
Section 07

Work & employment

Unemployment rate
2.0%
−3.3 ptssince 2011
from 5.3% in 2011
US average: 5.2%
Labor force participation
77.8%
+8.8 ptssince 2011
from 68.9% in 2011
US average: 63.5%
Self-employed
13.1%
+9.1 ptssince 2009
from 4.0% in 2009
US average: 13.1%
Management & professional
31.1%
−35.0 ptssince 2009
from 66.2% in 2009
US average: 42.5%
Section 08

People & community

Male
55.0%
−0.5 ptssince 2009
from 55.5% in 2009
Female
45.0%
+0.5 ptssince 2009
from 44.5% in 2009
Foreign born
2.6%
+1.5 ptssince 2009
from 1.2% in 2009
US average: 14.1%
Veterans
4.3%
−47.7 ptssince 2009
from 51.9% in 2009
US average: 6.2%
With a disability
8.3%
+1.9 ptssince 2012
from 6.4% in 2012
US average: 13.3%
Uninsured
3.9%
−86.8 ptssince 2013
from 90.7% in 2013
US average: 8.4%
Broadband at home
95.7%
+16.8 ptssince 2017
from 78.9% in 2017
US average: 91.0%
English only at home
94.8%
−2.4 ptssince 2016
from 97.2% in 2016
US average: 77.7%
Spanish at home
3.5%
+2.7 ptssince 2016
from 0.8% in 2016
US average: 13.6%
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Compare Waverly to nearby cities

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Home value$314,400−3%
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WAVERLY VS
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WAVERLY VS
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Income$131,274+17%
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WAVERLY VS
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Frequently asked

How many people live in Waverly, Minnesota?

Waverly, Minnesota has about 2,285 residents according to the 2024 American Community Survey.

What is the median household income in Waverly, Minnesota?

The typical household in Waverly, Minnesota earns about $112,222 a year. Half of households make more than that, and half make less.

Is Waverly, Minnesota expensive?

In Waverly, Minnesota, the median home is worth about $323,100, and the typical rent is about $941 a month.

How educated are people in Waverly, Minnesota?

About 24.6% of adults age 25 and over in Waverly, Minnesota hold a bachelor's degree or higher.

What is the poverty rate in Waverly, Minnesota?

About 10.6% of people in Waverly, Minnesota live below the federal poverty line.

Has Waverly, Minnesota grown since 1990?

Yes, Waverly, Minnesota has grown since 1990. The population has added about 1,684 residents, a change of about 280 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, Minnesota: demographics, income & housing data · CensusEasy