Waldo, FL
Population 877 · Florida
About Waldo, FL
Waldo is a small community located in Florida with a population of 877 residents according to the latest US Census Bureau American Community Survey data. The median household income is $27,036 per year, which is 64% below the national median of $75,149. The median age of 62.3 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 Waldo features a median home value of $112,200, which is 54% below the national median of $244,900. This makes Waldo one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $838, 28% below the national average of $1,163/month. Of the 628 total housing units, 69% are owner-occupied (380 units) and 31% are renter-occupied (170 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Waldo shows an unemployment rate of 3.6%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 14.3%, above the national average of 12.4%. Workers in Waldo have an average one-way commute time of 23.9 minutes.
Education & Demographics
4.9% of Waldo residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.0% White, 3.4% Hispanic or Latino, 6.5% Black or African American, and 0.2% Asian residents, with 6.4% of the population being foreign-born.
Cost of Living in Waldo, FL
Compared to national averages, Waldo has a median household income of $27,036 (64% below the national median of $75,149). Home values average $112,200, which is 54% below the national median. Monthly rent at $838 is 28% below the US average of $1,163. Within Florida, Waldo's income is 64% below the state average of $75,893, and home values are 68% below the state median of $353,675.
Why Live in Waldo, FL?
Waldo offers affordable housing with a median home value of $112,200, below the US average of $244,900, and rent that’s lower than the national average at $838/month, and a strong job market with an unemployment rate of just 3.6%. Additionally, the city features short commute times averaging just 23.9 minutes.
Potential considerations include median household income ($27,036) that falls below the national average. However, Waldo’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Waldo has a population of 877 with a median age of 62.3 years. Compare Waldo with other cities to see how it stacks up, or explore all cities in Florida.
Similar Cities Near Waldo
Cities in Florida with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Jupiter Island | 871 | $246,500 | $2,000,001 | Compare |
| Archer | 885 | $50,893 | $161,900 | Compare |
| Buckhead Ridge | 886 | $35,345 | $134,800 | Compare |
| Fort Braden | 886 | $64,844 | $161,300 | Compare |
| Cottondale | 892 | $41,518 | $87,100 | Compare |
| Garden Grove | 858 | $80,547 | $259,800 | Compare |
| Gun Club Estates | 853 | $85,782 | $372,900 | Compare |
| Crescent Beach | 903 | $120,917 | $564,700 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Florida
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Waldo With Other Cities
Frequently Asked Questions about Waldo
What is the population of Waldo, FL?
The population of Waldo, FL is 877 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Florida.
What is the median household income in Waldo?
The median household income in Waldo, FL is $27,036 per year, which is 64% below the national median of $75,149.
What is the median home value in Waldo?
The median home value in Waldo, FL is $112,200, which is 54% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Waldo?
The median monthly rent in Waldo, FL is $838, which is 28% below the national average of $1,163/month.
What is the unemployment rate in Waldo?
The unemployment rate in Waldo, FL is 3.6%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Waldo, FL a good place to live?
Waldo offers a moderate cost of living, affordable housing, and a strong job market. With a population of 877 and a median age of 62.3, the city appeals to established professionals and retirees.
How educated is Waldo, FL?
4.9% of residents in Waldo 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 Waldo?
Key cost-of-living indicators for Waldo, FL: median home value is $112,200 (54% below national), median rent is $838/month, and median household income is $27,036. The home-value-to-income ratio is 4.2x, a moderate figure by national standards.
What is the poverty rate in Waldo?
The poverty rate in Waldo, FL is 14.3%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Waldo, FL?
Waldo's population is 0.0% White, 3.4% Hispanic or Latino, 6.5% Black or African American, 0.2% Asian, and 18.2% two or more races. 6.4% of residents are foreign-born.