Waverly, IN
Population 1,006 · Indiana
About Waverly, IN
Waverly is a small town located in Indiana with a population of 1,006 residents according to the latest US Census Bureau American Community Survey data. The median household income is $72,426 per year, which is 4% below the national median of $75,149. The median age of 36.7 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Waverly features a median home value of $254,100, which is 4% 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 311 total housing units, 82% are owner-occupied (256 units) and 18% are renter-occupied (55 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Waverly shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 3.1%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Waverly have an average one-way commute time of 24.9 minutes.
Education & Demographics
4.2% of Waverly 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, 0.0% 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, IN
Compared to national averages, Waverly has a median household income of $72,426 (4% below the national median of $75,149). Home values average $254,100, which is 4% above the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Indiana, Waverly's income is 4% above the state average of $69,330, and home values are 55% above the state median of $163,409.
Why Live in Waverly, IN?
Waverly offers rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 0.0%, and a low poverty rate of 3.1%, better than the national average. Additionally, the city features short commute times averaging just 24.9 minutes.
Potential considerations include median household income ($72,426) 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 1,006 with a median age of 36.7 years. Compare Waverly with other cities to see how it stacks up, or explore all cities in Indiana.
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Cities in Indiana with a similar population size.
Demographics
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Economy & Education
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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 Waverly
What is the population of Waverly, IN?
The population of Waverly, IN is 1,006 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Indiana.
What is the median household income in Waverly?
The median household income in Waverly, IN is $72,426 per year, which is 4% below the national median of $75,149.
What is the median home value in Waverly?
The median home value in Waverly, IN is $254,100, which is 4% 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, IN 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, IN is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Waverly, IN a good place to live?
Waverly offers a moderate cost of living, a competitive housing market, and a strong job market. With a population of 1,006 and a median age of 36.7, the city appeals to a broad range of residents.
How educated is Waverly, IN?
4.2% 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, IN: median home value is $254,100 (4% above national), median rent is $0/month, and median household income is $72,426. The home-value-to-income ratio is 3.5x, a moderate figure by national standards.
What is the poverty rate in Waverly?
The poverty rate in Waverly, IN is 3.1%, 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, IN?
Waverly's population is 0.0% White, 0.0% 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.