Waterville, MN
Population 1,778 · Minnesota
About Waterville, MN
Waterville is a small community in Minnesota with a population of 1,778 residents. The median household income is $67,721 per year, which is near the national average. The median age in Waterville is 45.1 years.
Housing in Waterville has a median home value of $216,700 and median monthly rent of $835. Of the 1,008 total housing units, the majority are owner-occupied, with 648 owner-occupied and 197 renter-occupied units.
The unemployment rate in Waterville is 5.9% and the poverty rate is 11.5%. 17.1% of residents hold a bachelor's degree or higher. The average commute time is 25.8 minutes.
Cost of Living in Waterville, MN
Compared to national averages, Waterville has a median household income of $67,721 (10% below the national median of $75,149). Home values average $216,700, which is 12% below the national median. Monthly rent at $835 is 28% below the US average of $1,163. Within Minnesota, Waterville's income is 9% below the state average of $74,221, and home values are 6% above the state median of $204,472.
Why Live in Waterville, MN?
Waterville offers affordable housing with a median home value of $216,700, below the US average of $244,900, and rent that’s lower than the national average at $835/month, and a low poverty rate of 11.5%, better than the national average.
Potential considerations include median household income ($67,721) that falls below the national average. However, Waterville’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Waterville has a population of 1,778 with a median age of 45.1 years. Compare Waterville with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Waterville
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Rushford | 1,790 | $73,321 | $203,200 | Compare |
| Silver Bay | 1,790 | $70,870 | $150,700 | Compare |
| Kenyon | 1,811 | $74,643 | $184,500 | Compare |
| Mapleton | 1,745 | $82,031 | $176,400 | Compare |
| Nisswa | 1,744 | $100,167 | $475,700 | Compare |
| Mountain Lake | 1,833 | $59,115 | $118,900 | Compare |
| Ada | 1,834 | $67,857 | $140,500 | Compare |
| Rock Creek | 1,711 | $99,500 | $294,800 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Minnesota
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Waterville
What is the population of Waterville, MN?
The population of Waterville, MN is 1,778 according to the latest Census data.
What is the median household income in Waterville?
The median household income in Waterville, MN is $67,721 per year.
What is the median home value in Waterville?
The median home value in Waterville, MN is $216,700.
What is the average rent in Waterville?
The median monthly rent in Waterville, MN is $835.
What is the unemployment rate in Waterville?
The unemployment rate in Waterville, MN is 5.9%.