Waveland, MS
Population 7,066 · Mississippi
About Waveland, MS
Waveland is a small town located in Mississippi with a population of 7,066 residents according to the latest US Census Bureau American Community Survey data. The median household income is $58,795 per year, which is 22% below the national median of $75,149. The median age of 41.6 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Waveland features a median home value of $201,800, which is 18% below the national median of $244,900. This positions Waveland in a moderately priced market relative to the rest of the country. Median monthly rent is $828, 29% below the national average of $1,163/month. Of the 3,765 total housing units, 62% are owner-occupied (1,941 units) and 38% are renter-occupied (1,200 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Waveland shows an unemployment rate of 6.3%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 12.7%, above the national average of 12.4%. Workers in Waveland have an average one-way commute time of 32.4 minutes.
Education & Demographics
23.8% of Waveland residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 2.0% White, 3.5% Hispanic or Latino, 0.0% Black or African American, and 1.2% Asian residents, with 4.9% of the population being foreign-born.
Cost of Living in Waveland, MS
Compared to national averages, Waveland has a median household income of $58,795 (22% below the national median of $75,149). Home values average $201,800, which is 18% below the national median. Monthly rent at $828 is 29% below the US average of $1,163. Within Mississippi, Waveland's income is 18% above the state average of $49,929, and home values are 61% above the state median of $125,705.
Why Live in Waveland, MS?
Waveland offers affordable housing with a median home value of $201,800, below the US average of $244,900, and rent that’s lower than the national average at $828/month.
Potential considerations include median household income ($58,795) that falls below the national average. However, Waveland’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Waveland has a population of 7,066 with a median age of 41.6 years. Compare Waveland with other cities to see how it stacks up, or explore all cities in Mississippi.
Similar Cities Near Waveland
Cities in Mississippi with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Philadelphia | 7,030 | $36,781 | $95,600 | Compare |
| Kosciusko | 6,994 | $36,490 | $115,900 | Compare |
| Richland | 7,250 | $63,611 | $131,300 | Compare |
| Holly Springs | 6,861 | $47,344 | $110,900 | Compare |
| Batesville | 7,432 | $46,492 | $190,800 | Compare |
| Amory | 6,564 | $51,592 | $140,700 | Compare |
| Gulf Park Estates | 6,517 | $62,100 | $196,800 | Compare |
| West Hattiesburg | 6,509 | $38,269 | $209,100 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Mississippi
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Waveland With Other Cities
Frequently Asked Questions about Waveland
What is the population of Waveland, MS?
The population of Waveland, MS is 7,066 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Mississippi.
What is the median household income in Waveland?
The median household income in Waveland, MS is $58,795 per year, which is 22% below the national median of $75,149.
What is the median home value in Waveland?
The median home value in Waveland, MS is $201,800, which is 18% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Waveland?
The median monthly rent in Waveland, MS is $828, which is 29% below the national average of $1,163/month.
What is the unemployment rate in Waveland?
The unemployment rate in Waveland, MS is 6.3%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Waveland, MS a good place to live?
Waveland offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 7,066 and a median age of 41.6, the city appeals to a broad range of residents.
How educated is Waveland, MS?
23.8% of residents in Waveland 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 Waveland?
Key cost-of-living indicators for Waveland, MS: median home value is $201,800 (18% below national), median rent is $828/month, and median household income is $58,795. The home-value-to-income ratio is 3.4x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Waveland?
The poverty rate in Waveland, MS is 12.7%, 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 Waveland, MS?
Waveland's population is 2.0% White, 3.5% Hispanic or Latino, 0.0% Black or African American, 1.2% Asian, and 11.4% two or more races. 4.9% of residents are foreign-born.