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CITY · 2020 ACS

Waverly

Minnesota · 1,900 residents · 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 $95,368. The city has more than doubled in size since 2000, adding 1,168 residents. 18% of adults hold a bachelor's degree or higher, below the national rate of 33%. Median home value has more than doubled since 2000, reaching $214,100. At a median age of 33.9, residents skew younger than the country as a whole. Households here earn about 30% more than the Minnesota median.

At a glance
Wealthier
above the US median
US median: $66,278
Younger
median age 33.9
US median: 38.8
Less educated
18% hold a bachelor's degree
US average: 33%
Less affordable
home values up 25%, inflation adjusted
US median home: $265,253
Section 01

Population & growth

Total population
1,900
+160%since 2000
from 732 in 2000
1990 – 2025
Population density
1,147 / sq mi
+160%since 2000
from 442 / sq mi in 2000
US average: 280
Median age
33.9
−4%since 2000
from 35.3 in 2000
US average: 38.8
Population, 1990 – 2024
4339381K2K2K1990201020202024Waverly
20242K
1990201020202024
Section 02

Income & economy

Median household income
$95,368
+22%inflation adjusted, since 2000
from $52,000 in 2000
US average: $66,278
1990 – 2024
Per capita income
$34,104
+51%since 2000
from $22,552 in 2000
US average: $35,364
Households earning $100K+
66.4%
+32.1 ptssince 2009
from 34.3% in 2009
US average: 43.9%
Poverty rate
5.3%
+1.1 ptssince 2000
from 4.2% in 2000
US average: 12.8%
Workforce by industry, 2020
Retail trade19.4%
US avg: 10%
Wholesale trade11.7%
US avg: 6.7%
Information8.7%
US avg: 11.1%
Other services8.1%
US avg: 6.6%
Public administration7.8%
US avg: 4.7%
Finance & insurance3.2%
US avg: 5.5%
Arts, entertainment, food2.9%
US avg: 2%
Transportation & warehousing2.6%
US avg: 2.5%
Education & health services1.7%
US avg: 0.8%
Professional, scientific, technical1.5%
US avg: 4.7%
Agriculture, forestry, fishing0.3%
US avg: 1.7%
Construction0.3%
US avg: 1.2%
Manufacturing0%
US avg: 0.5%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$214,100
+25%inflation adjusted, since 2000
from $113,700 in 2000
US average: $265,253
1990 – 2024
Median gross rent
$879
+43%inflation adjusted, since 2000
from $410 in 2000
US average: $1,124
Owner-occupied
86.5%
+5.6 ptssince 2000
from 81.0% in 2000
13.5% rent
Afford Score
2.2
+3%since 2000
from 2.2 in 2000
1990 – 2024
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)
2020
White, non-Hispanic89.4%(1,698)
Black1.2%(23)
Hispanic / Latino3.4%(64)
Asian0.6%(12)
Other2.8%(54)
Diversity Score19.5%(371)
Diversity Score
20
+1044%since 2000
from 2 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
17.9%
+2.2 ptssince 2000
from 15.7% in 2000
US average: 32.9%
High school or higher
94.0%
+7.2 ptssince 2000
from 86.8% in 2000
US average: 88.5%
Graduate degree
2.9%
+0.6 ptssince 2000
from 2.3% in 2000
US average: 12.7%
Section 06

Commute & transportation

Average commute
36.0 min
+52%since 2000
from 23.6 min in 2000
US average: 26.9
Drive alone to work
76.8%
−7.4 ptssince 2009
from 84.2% in 2009
US average: 75.1%
No vehicle available
0.5%
−1.5 ptssince 2009
from 2.1% in 2009
US average: 8.4%
Section 07

Work & employment

Unemployment rate
0.7%
−4.6 ptssince 2011
from 5.3% in 2011
US average: 5.4%
Labor force participation
78.1%
+9.2 ptssince 2011
from 68.9% in 2011
US average: 63.4%
Management & professional
24.4%
−41.8 ptssince 2009
from 66.2% in 2009
US average: 39.3%
Section 08

People & community

Male
53.3%
−2.2 ptssince 2009
from 55.5% in 2009
Female
46.7%
+2.2 ptssince 2009
from 44.5% in 2009
Foreign born
4.0%
+2.8 ptssince 2009
from 1.2% in 2009
US average: 13.5%
Uninsured
5.6%
−85.1 ptssince 2013
from 90.7% in 2013
US average: 8.8%
Drill deeper

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Compare Waverly to nearby cities

WAVERLY VS
Buffalo
Income$88,820−7%
Home value$314,400+47%
Population16,878+636%
SEE FULL COMPARISON →
WAVERLY VS
Minnetrista
Income$163,051+71%
Home value$658,300+207%
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WAVERLY VS
St. Michael
Income$131,274+38%
Home value$390,100+82%
Population22,498+881%
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WAVERLY VS
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Income$86,675−9%
Home value$370,800+73%
Population9,064+295%
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Frequently asked

How many people live in Waverly, Minnesota?

Waverly, Minnesota has about 1,900 residents according to the 2020 American Community Survey.

What is the median household income in Waverly, Minnesota?

The typical household in Waverly, Minnesota earns about $95,368 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 $214,100, and the typical rent is about $879 a month.

How educated are people in Waverly, Minnesota?

About 17.9% 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 5.3% 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 1,299 residents, a change of about 216 percent over that period.

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

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