Waldron, MI
Population 605 · Michigan
About Waldron, MI
Waldron is a small community located in Michigan with a population of 605 residents according to the latest US Census Bureau American Community Survey data. The median household income is $45,750 per year, which is 39% below the national median of $75,149. The median age of 38.5 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Waldron features a median home value of $82,600, which is 66% below the national median of $244,900. This makes Waldron one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $864, 26% below the national average of $1,163/month. Of the 281 total housing units, 68% are owner-occupied (176 units) and 32% are renter-occupied (81 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Waldron shows an unemployment rate of 6.5%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 14.7%, above the national average of 12.4%. Workers in Waldron have an average one-way commute time of 24.9 minutes.
Education & Demographics
8.4% of Waldron 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 0.7% White, 0.2% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.3% of the population being foreign-born.
Cost of Living in Waldron, MI
Compared to national averages, Waldron has a median household income of $45,750 (39% below the national median of $75,149). Home values average $82,600, which is 66% below the national median. Monthly rent at $864 is 26% below the US average of $1,163. Within Michigan, Waldron's income is 31% below the state average of $66,017, and home values are 55% below the state median of $183,391.
Why Live in Waldron, MI?
Waldron offers affordable housing with a median home value of $82,600, below the US average of $244,900, and rent that’s lower than the national average at $864/month, and short commute times averaging just 24.9 minutes.
Potential considerations include median household income ($45,750) that falls below the national average. However, Waldron’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Waldron has a population of 605 with a median age of 38.5 years. Compare Waldron with other cities to see how it stacks up, or explore all cities in Michigan.
Similar Cities Near Waldron
Cities in Michigan with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Morley | 606 | $42,750 | $94,400 | Compare |
| Bay Shore | 607 | $72,538 | $116,300 | Compare |
| Middletown | 603 | $46,700 | $85,300 | Compare |
| Gobles | 598 | $39,931 | $100,000 | Compare |
| Dansville | 597 | $109,063 | $178,100 | Compare |
| Camden | 614 | $51,250 | $106,500 | Compare |
| Freeport | 615 | $72,868 | $154,900 | Compare |
| Hermansville | 621 | $53,958 | $86,300 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Michigan
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Waldron With Other Cities
Frequently Asked Questions about Waldron
What is the population of Waldron, MI?
The population of Waldron, MI is 605 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Michigan.
What is the median household income in Waldron?
The median household income in Waldron, MI is $45,750 per year, which is 39% below the national median of $75,149.
What is the median home value in Waldron?
The median home value in Waldron, MI is $82,600, which is 66% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Waldron?
The median monthly rent in Waldron, MI is $864, which is 26% below the national average of $1,163/month.
What is the unemployment rate in Waldron?
The unemployment rate in Waldron, MI is 6.5%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Waldron, MI a good place to live?
Waldron offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 605 and a median age of 38.5, the city appeals to a broad range of residents.
How educated is Waldron, MI?
8.4% of residents in Waldron 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 Waldron?
Key cost-of-living indicators for Waldron, MI: median home value is $82,600 (66% below national), median rent is $864/month, and median household income is $45,750. The home-value-to-income ratio is 1.8x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Waldron?
The poverty rate in Waldron, MI is 14.7%, 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 Waldron, MI?
Waldron's population is 0.7% White, 0.2% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.3% of residents are foreign-born.