Waverly, IL
Population 1,456 · Illinois
About Waverly, IL
Waverly is a small community in Illinois with a population of 1,456 residents. The median household income is $55,882 per year, which is near the national average. The median age in Waverly is 41.4 years.
Housing in Waverly has a median home value of $97,600 and median monthly rent of $753. Of the 576 total housing units, the majority are owner-occupied, with 432 owner-occupied and 100 renter-occupied units.
The unemployment rate in Waverly is 3.1% and the poverty rate is 8.1%. 19.9% of residents hold a bachelor's degree or higher. The average commute time is 22.9 minutes.
Cost of Living in Waverly, IL
Compared to national averages, Waverly has a median household income of $55,882 (26% below the national median of $75,149). Home values average $97,600, which is 60% below the national median. Monthly rent at $753 is 35% below the US average of $1,163. Within Illinois, Waverly's income is 26% below the state average of $75,072, and home values are 41% below the state median of $165,779.
Why Live in Waverly, IL?
Waverly offers affordable housing with a median home value of $97,600, below the US average of $244,900, and rent that’s lower than the national average at $753/month, and a strong job market with an unemployment rate of just 3.1%. Additionally, the city features a low poverty rate of 8.1%, better than the national average, and short commute times averaging just 22.9 minutes.
Potential considerations include median household income ($55,882) that falls below the national average. However, Waverly’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Waverly has a population of 1,456 with a median age of 41.4 years. Compare Waverly with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Waverly
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Hartford | 1,456 | $39,364 | $65,800 | Compare |
| Hebron | 1,458 | $86,964 | $213,400 | Compare |
| Downs | 1,451 | $106,809 | $237,700 | Compare |
| Philo | 1,461 | $103,438 | $198,100 | Compare |
| Granville | 1,463 | $70,893 | $134,300 | Compare |
| Dunlap | 1,448 | $137,240 | $283,800 | Compare |
| Barry | 1,442 | $66,017 | $88,600 | Compare |
| Warren | 1,439 | $73,500 | $104,900 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Illinois
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Waverly With Other Cities
Frequently Asked Questions about Waverly
What is the population of Waverly, IL?
The population of Waverly, IL is 1,456 according to the latest Census data.
What is the median household income in Waverly?
The median household income in Waverly, IL is $55,882 per year.
What is the median home value in Waverly?
The median home value in Waverly, IL is $97,600.
What is the average rent in Waverly?
The median monthly rent in Waverly, IL is $753.
What is the unemployment rate in Waverly?
The unemployment rate in Waverly, IL is 3.1%.