Waverly, MN
Population 1,947 · Minnesota
About Waverly, MN
Waverly is a small community in Minnesota with a population of 1,947 residents. The median household income is $113,269 per year, which is above the national average. The median age in Waverly is 37.2 years.
Housing in Waverly has a median home value of $284,600 and median monthly rent of $913. Of the 774 total housing units, the majority are owner-occupied, with 668 owner-occupied and 60 renter-occupied units.
The unemployment rate in Waverly is 1.2% and the poverty rate is 8.9%. 20.1% of residents hold a bachelor's degree or higher. The average commute time is 38.6 minutes.
Cost of Living in Waverly, MN
Compared to national averages, Waverly has a median household income of $113,269 (51% above the national median of $75,149). Home values average $284,600, which is 16% above the national median. Monthly rent at $913 is 21% below the US average of $1,163. Within Minnesota, Waverly's income is 53% above the state average of $74,221, and home values are 39% above the state median of $204,472.
Why Live in Waverly, MN?
Waverly offers a strong local economy with a median household income of $113,269, well above the national average, and rent that’s lower than the national average at $913/month, and a strong job market with an unemployment rate of just 1.2%. Additionally, the city features a low poverty rate of 8.9%, better than the national average.
Waverly has a population of 1,947 with a median age of 37.2 years. Compare Waverly with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Waverly
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Ortonville | 1,968 | $53,021 | $117,500 | Compare |
| Blooming Prairie | 1,977 | $63,929 | $155,800 | Compare |
| St. Bonifacius | 1,982 | $116,500 | $342,400 | Compare |
| Clearwater | 1,904 | $89,219 | $248,100 | Compare |
| Stacy | 1,992 | $76,875 | $222,800 | Compare |
| Aurora | 1,897 | $42,406 | $88,700 | Compare |
| Rice | 1,998 | $103,482 | $237,600 | Compare |
| Maple Plain | 1,889 | $93,000 | $346,600 | 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.
Compare Waverly With Other Cities
Frequently Asked Questions about Waverly
What is the population of Waverly, MN?
The population of Waverly, MN is 1,947 according to the latest Census data.
What is the median household income in Waverly?
The median household income in Waverly, MN is $113,269 per year.
What is the median home value in Waverly?
The median home value in Waverly, MN is $284,600.
What is the average rent in Waverly?
The median monthly rent in Waverly, MN is $913.
What is the unemployment rate in Waverly?
The unemployment rate in Waverly, MN is 1.2%.