Waverly, KY
Population 361 · Kentucky
About Waverly, KY
Waverly is a small community located in Kentucky with a population of 361 residents according to the latest US Census Bureau American Community Survey data. The median household income is $61,250 per year, which is 18% below the national median of $75,149. The median age of 46.5 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 $100,000, which is 59% below the national median of $244,900. This makes Waverly one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $773, 34% below the national average of $1,163/month. Of the 173 total housing units, 85% are owner-occupied (130 units) and 15% are renter-occupied (23 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 17.7%, above the national average of 12.4%. Workers in Waverly have an average one-way commute time of 27.3 minutes.
Education & Demographics
8.4% 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, 0.8% 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, KY
Compared to national averages, Waverly has a median household income of $61,250 (18% below the national median of $75,149). Home values average $100,000, which is 59% below the national median. Monthly rent at $773 is 34% below the US average of $1,163. Within Kentucky, Waverly's income is 8% below the state average of $66,273, and home values are 45% below the state median of $182,504.
Why Live in Waverly, KY?
Waverly offers affordable housing with a median home value of $100,000, below the US average of $244,900, and rent that’s lower than the national average at $773/month, and a strong job market with an unemployment rate of just 0.0%.
Potential considerations include median household income ($61,250) 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 361 with a median age of 46.5 years. Compare Waverly with other cities to see how it stacks up, or explore all cities in Kentucky.
Similar Cities Near Waverly
Cities in Kentucky with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Summersville | 360 | $51,696 | $92,500 | Compare |
| Wayland | 360 | $31,042 | $21,800 | Compare |
| Gamaliel | 359 | $37,000 | $82,800 | Compare |
| Spring Mill | 363 | $123,750 | $281,900 | Compare |
| Willisburg | 359 | $56,042 | $150,000 | Compare |
| McHenry | 355 | $39,583 | $74,600 | Compare |
| Old Brownsboro Place | 367 | $156,250 | $458,800 | Compare |
| Hunters Hollow | 351 | $73,929 | $192,500 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Kentucky
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, KY?
The population of Waverly, KY is 361 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Kentucky.
What is the median household income in Waverly?
The median household income in Waverly, KY is $61,250 per year, which is 18% below the national median of $75,149.
What is the median home value in Waverly?
The median home value in Waverly, KY is $100,000, which is 59% below 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, KY is $773, which is 34% below the national average of $1,163/month.
What is the unemployment rate in Waverly?
The unemployment rate in Waverly, KY 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, KY a good place to live?
Waverly offers a moderate cost of living, affordable housing, and a strong job market. With a population of 361 and a median age of 46.5, the city appeals to established professionals and retirees.
How educated is Waverly, KY?
8.4% 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, KY: median home value is $100,000 (59% below national), median rent is $773/month, and median household income is $61,250. The home-value-to-income ratio is 1.6x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Waverly?
The poverty rate in Waverly, KY is 17.7%, 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 Waverly, KY?
Waverly's population is 0.0% White, 0.8% 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.