Waverly, MN

Minnesota · Metropolitan Area

Waverly is a small town in Minnesota with a population of 1,947. Residents earn $113,269 per year, which is 51% above the national average.

4.2 /5.0
A Great
1,947 Population 1,173/sq mi density
$113,269 Median Income $44,343 per capita
$284,600 Home Value $340,468 Zillow
$913 Median Rent
45°F Avg Temperature
A
Overall
4.2 / 5.0
Great overall score based on economy, affordability, safety and education
A+
Economy
5.0 / 5.0
$113,269 median income, 1.0% unemployment
A+
Affordability
5.0 / 5.0
$284,600 home value, $913/mo rent
C+
Education
2.6 / 5.0
20.1% bachelor's degree or higher
Median Income $113,269
51% higher than US avg
Home Value $284,600
1% higher than US avg
Bachelor's+ 20.1%
40% lower than US avg
Median Rent $913
21% lower than US avg
Obesity Rate 37.2%
16% higher than US avg
Unemployment 1.0%
72% lower than US avg
Poverty Rate 5.0%
60% lower than US avg

How Waverly Compares to the U.S. Average (100% = U.S. avg)

People

Population1,947
Median Age37.2 yrs
Density1,173/mi²
Male / Female55% / 45%
Largest GroupWhite 91%

Economy

A+
Median Income$113,269
Per Capita$44,343
Unemployment1.0%
Poverty5.0%
County GDP$7,314M
Commute39 min

Housing

A+
Home Value$284,600
Rent$913
OwnershipN/A
Zillow$340,468

Crime

ViolentN/A
PropertyN/A

Health

Obesity37.2%
UninsuredN/A
Depression26.2%
Heart Disease5.6%

Climate

Avg Temp45°F
AQI36 (Good)
Elevation1,003 ft

Education

C+
Bachelor's+20.1%
High School+95.2%
School Score6.08

Community

2024 VoteR 64% / D 34%
Commute39 min
Libraries9

Is Waverly a Good Place to Live?

Based on current data, Waverly receives an overall livability score of 4.2 out of 5.0, earning a grade of A. Key strengths include above-average household incomes, low unemployment, a low poverty rate, high health insurance coverage. Areas to be aware of include long commute times. Waverly stands out as an excellent place to live, with strong marks across most quality-of-life indicators.

Economy & Jobs

The median household income in Waverly is $113,269, which is significantly higher than the national average — 51% above $75,149. This places Waverly among higher-income communities. The job market is very strong with unemployment at just 1.0%. Only 5.0% of residents live below the poverty line, well below the national rate of 12.4%. Workers commute an average of 39 minutes, longer than the typical American commute of 28 minutes.

Cost of Living & Housing

The median home value in Waverly is $284,600, roughly aligned with the national median of $281,900. Renters pay a median of $913 per month, below the national average — a plus for affordability. At just 2.5x median income, home prices are very affordable relative to local earnings.

Education

20.1% of residents hold a bachelor's degree, below the national average of 33.7%. 95.2% have completed high school. Local schools score 6.1/10 in standardized testing, reflecting strong academic performance.

Climate & Weather

Waverly has a cool climate with an average annual temperature of 45°F. Winters average 14°F in January while summers reach 72°F in July. Air quality is rated Good with a median AQI of 36.

Waverly has a population of 1,947 with a density of 1,173 people per square mile. The median age is 37.2 years, 4% younger than the national median of 38.9. The city is predominantly White (90.6%), with 1.1% Hispanic.

Population

1,947
Total Population
1,173
People / sq mi
37.2yrs
Median Age
4% below US avg
1.7mi²
Land Area

Gender Distribution

Male 55%
Female 45%

Race & Ethnicity

Waverly vs U.S. Average

Language Spoken at Home

English Only94.2%
20% above US avg
Spanish5.8%
57% below US avg

Social Characteristics

Waverly vs U.S. Average

The median household income in Waverly is $113,269, which is 51% above the national average of $75,149. The unemployment rate is 1.0% (below the 3.6% US average). 5.0% of residents live below the poverty line. Workers commute an average of 39 minutes.

Income: Waverly vs U.S.

Commute Mode

Income

Median HH Income$113,269
51% above US avg
Per Capita Income$44,343
Avg Weekly Wage$1,077
IRS Avg AGI$91,811

Employment & Poverty

Unemployment1.0%
72% below US avg
Poverty Rate5.0%
60% below US avg
Establishments (County)3,984
County GDP$7,314M

Business (County)

Restaurants224
Healthcare366
Retail401
Manufacturing188

Tax & Cost of Living

Property Tax (IRS)$4,714
35% above US avg
Effective Tax Rate1.66%

Commute & Transportation

Commute Time38.6 min
Work from Home14.4%

Walkability

The median home value in Waverly is $284,600, 1% above the national average. Monthly rent averages $913 (21% below US avg). Zillow estimates the typical home value at $340,468.

Home Value Sources

Ownership Split

Home Values

Census Median$284,600
1% above US avg
Zillow ZHVI$340,468
Median List Price$330,000

Real Estate Market (Redfin)

Median List Price$330,000
$/Sq Ft$202
Homes Sold3
Sale-to-List Ratio96.8%
Price Drops0.0%
Inventory13

Rental Costs

Census Median Rent$913
21% below US avg

HUD Fair Market Rent

Studio$809
1 Bedroom$899
2 Bedrooms$1,125
3 Bedrooms$1,483
4 Bedrooms$1,698

Ownership & Property

Owner-Occupied91.8%

Property Tax

Avg Tax (IRS)$4,714
35% above US avg
Effective Rate1.66%
In Waverly, 37.2% of adults are obese (above the 32.1% national rate). 26.2% report depression. 23.0% are physically inactive.

Health Metrics: Waverly vs U.S. Average (%)

Chronic Conditions

Obesity37.2%
16% above US avg
Diabetes9.5%
Heart Disease5.6%
High Blood Pressure30.7%
Asthma10.6%
COPD5.7%
Stroke2.9%

Behaviors & Mental Health

Binge Drinking20.4%
Physical Inactivity23.0%
Depression26.2%
Mental Distress17.4%
Physical Distress11.8%

Healthcare Access

Insurance Rate94.2%
Checkup Rate72.7%
Premature Death5,106/100K

Food & Exercise

Food Environment9.7/10
Exercise Access82.1%
Healthcare Facilities366

Crime Rates: Waverly vs U.S. Average (per 100,000)

Violent Crime

Property Crime

Traffic Safety

Fatal Crashes (County/yr)10

Safety Score

Waverly has an average annual temperature of 45°F (7°C). Winters average 14°F in January while summers reach 72°F in July. Air quality is rated Good with a median AQI of 36.

Temperature

14°F Jan (-10°C) 72°F Jul (22°C)
Annual Average44.5°F
18% below US avg
January Average14°F (-10°C)
July Average72°F (22°C)

Precipitation & Snow

Air Quality

AQI Median36.0
RatingGood

Geography

Elevation1,003 ft (306 m)
Area1.7 sq mi (4.3 km²)
Population Density1,173/sq mi
Coordinates45.0637°N, 93.9666°W
County FIPS27171
It is classified as Metro — 1 million+. 20.1% of residents hold a bachelor's degree or higher (40% below US avg). In the 2024 election, the county voted Republican by a 29.4-point margin.

2024 Presidential Election (County)

R 63.8%
D 34.4%

Winner: Republican by 29.4 points

Education

Bachelor's Degree+20.1%
40% below US avg
High School+95.2%
School Test Score6.08
C+ Education Grade (2.6/5.0)

Urban-Rural Classification

RUCC Code 1Metro — 1 million+
Population Density1,173/sq mi
Total Area1.7 sq mi

Infrastructure & Services

Public Libraries9
Healthcare Facilities366
Restaurants224
Retail Stores401

Safety & Disasters

Fatal Crashes (County/yr)10

Commute & Transportation

Avg Commute38.6 min
Work from Home14.4%

Nearby Cities

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