Waldron, MI
Population 605 · Michigan
About Waldron, MI
Waldron is a small community in Michigan with a population of 605 residents. The median household income is $45,750 per year, which is below the national average. The median age in Waldron is 38.5 years.
Housing in Waldron has a median home value of $82,600 and median monthly rent of $864. Of the 281 total housing units, the majority are owner-occupied, with 176 owner-occupied and 81 renter-occupied units.
The unemployment rate in Waldron is 6.5% and the poverty rate is 14.7%. 8.4% of residents hold a bachelor's degree or higher. The average commute time is 24.9 minutes.
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.
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Frequently Asked Questions about Waldron
What is the population of Waldron, MI?
The population of Waldron, MI is 605 according to the latest Census data.
What is the median household income in Waldron?
The median household income in Waldron, MI is $45,750 per year.
What is the median home value in Waldron?
The median home value in Waldron, MI is $82,600.
What is the average rent in Waldron?
The median monthly rent in Waldron, MI is $864.
What is the unemployment rate in Waldron?
The unemployment rate in Waldron, MI is 6.5%.