Waverly, AL
Population 312 · Alabama
About Waverly, AL
Waverly is a small community located in Alabama with a population of 312 residents according to the latest US Census Bureau American Community Survey data. The median household income is $79,375 per year, which is 6% above the national median of $75,149. The median age of 58.9 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Waverly features a median home value of $324,000, which is 32% above the national median of $244,900. This positions Waverly in a moderately priced market relative to the rest of the country. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 149 total housing units, 98% are owner-occupied (134 units) and 2% are renter-occupied (3 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Waverly shows an unemployment rate of 6.2%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 3.8%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Waverly have an average one-way commute time of 17.9 minutes, one of the shorter commutes in the region.
Education & Demographics
33.2% of Waverly residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 0.0% White, 3.8% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Waverly, AL
Compared to national averages, Waverly has a median household income of $79,375 (6% above the national median of $75,149). Home values average $324,000, which is 32% above the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Alabama, Waverly's income is 37% above the state average of $57,952, and home values are 103% above the state median of $159,358.
Why Live in Waverly, AL?
Waverly offers a strong local economy with a median household income of $79,375, well above the national average, and rent that’s lower than the national average at $0/month, and a low poverty rate of 3.8%, better than the national average. Additionally, the city features short commute times averaging just 17.9 minutes.
Waverly has a population of 312 with a median age of 58.9 years. Compare Waverly with other cities to see how it stacks up, or explore all cities in Alabama.
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Other Cities in Alabama
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Waverly
What is the population of Waverly, AL?
The population of Waverly, AL is 312 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Alabama.
What is the median household income in Waverly?
The median household income in Waverly, AL is $79,375 per year, which is 6% above the national median of $75,149.
What is the median home value in Waverly?
The median home value in Waverly, AL is $324,000, which is 32% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Waverly?
The median monthly rent in Waverly, AL is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Waverly?
The unemployment rate in Waverly, AL is 6.2%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Waverly, AL a good place to live?
Waverly offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 312 and a median age of 58.9, the city appeals to established professionals and retirees.
How educated is Waverly, AL?
33.2% of residents in Waverly aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Waverly?
Key cost-of-living indicators for Waverly, AL: median home value is $324,000 (32% above national), median rent is $0/month, and median household income is $79,375. The home-value-to-income ratio is 4.1x, a moderate figure by national standards.
What is the poverty rate in Waverly?
The poverty rate in Waverly, AL is 3.8%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Waverly, AL?
Waverly's population is 0.0% White, 3.8% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.