Waveland, IN
Population 431 · Indiana
About Waveland, IN
Waveland is a small community in Indiana with a population of 431 residents. The median household income is $60,956 per year, which is near the national average. The median age in Waveland is 27.2 years.
Housing in Waveland has a median home value of $96,800 and median monthly rent of $920. Of the 185 total housing units, the majority are owner-occupied, with 126 owner-occupied and 23 renter-occupied units.
The unemployment rate in Waveland is 5.3% and the poverty rate is 15.8%. 12.3% of residents hold a bachelor's degree or higher. The average commute time is 28.7 minutes.
Cost of Living in Waveland, IN
Compared to national averages, Waveland has a median household income of $60,956 (19% below the national median of $75,149). Home values average $96,800, which is 60% below the national median. Monthly rent at $920 is 21% below the US average of $1,163. Within Indiana, Waveland's income is 12% below the state average of $69,330, and home values are 41% below the state median of $163,409.
Why Live in Waveland, IN?
Waveland offers affordable housing with a median home value of $96,800, below the US average of $244,900, and rent that’s lower than the national average at $920/month.
Potential considerations include median household income ($60,956) that falls below the national average. However, Waveland’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Waveland has a population of 431 with a median age of 27.2 years. Compare Waveland with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Waveland
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Big Lake | 430 | $120,625 | $216,200 | Compare |
| New Washington | 432 | $84,141 | $193,000 | Compare |
| Otwell | 430 | $47,422 | $126,200 | Compare |
| Michiana Shores | 433 | $92,500 | $448,300 | Compare |
| Chain-O-Lakes | 427 | $71,010 | $255,300 | Compare |
| Wilkinson | 427 | $63,500 | $132,500 | Compare |
| Amo | 426 | $76,250 | $151,600 | Compare |
| Center | 436 | $83,569 | $239,500 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Indiana
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Waveland
What is the population of Waveland, IN?
The population of Waveland, IN is 431 according to the latest Census data.
What is the median household income in Waveland?
The median household income in Waveland, IN is $60,956 per year.
What is the median home value in Waveland?
The median home value in Waveland, IN is $96,800.
What is the average rent in Waveland?
The median monthly rent in Waveland, IN is $920.
What is the unemployment rate in Waveland?
The unemployment rate in Waveland, IN is 5.3%.