Waverly, PA
Population 513 · Pennsylvania
About Waverly, PA
Waverly is a small community located in Pennsylvania with a population of 513 residents according to the latest US Census Bureau American Community Survey data. The median household income is $104,444 per year, which is 39% above the national median of $75,149. The median age of 51.6 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Waverly features a median home value of $284,600, which is 16% above the national median of $244,900. This positions Waverly in a moderately priced market relative to the rest of the country. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 241 total housing units, 98% are owner-occupied (198 units) and 2% are renter-occupied (4 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Waverly shows an unemployment rate of 4.6%, which is near the national rate of 3.7%. The poverty rate stands at 4.1%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Waverly have an average one-way commute time of 13.4 minutes, one of the shorter commutes in the region.
Education & Demographics
74.2% of Waverly residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.0% White, 0.0% Hispanic or Latino, 2.5% Black or African American, and 0.0% Asian residents, with 2.1% of the population being foreign-born.
How Waverly Ranks in Pennsylvania
Cost of Living in Waverly, PA
Compared to national averages, Waverly has a median household income of $104,444 (39% above the national median of $75,149). Home values average $284,600, which is 16% above the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Pennsylvania, Waverly's income is 42% above the state average of $73,376, and home values are 49% above the state median of $190,903.
Why Live in Waverly, PA?
Waverly offers a strong local economy with a median household income of $104,444, well above the national average, and rent that’s lower than the national average at $0/month, and a well-educated community where 74.2% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 4.1%, better than the national average, and short commute times averaging just 13.4 minutes.
Waverly has a population of 513 with a median age of 51.6 years. Compare Waverly with other cities to see how it stacks up, or explore all cities in Pennsylvania.
Similar Cities Near Waverly
Cities in Pennsylvania with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Cross Roads | 513 | $93,750 | $244,300 | Compare |
| South Philipsburg | 512 | $59,167 | $0 | Compare |
| Callery | 516 | $99,286 | $186,700 | Compare |
| Juniata Gap | 516 | $80,921 | $211,200 | Compare |
| Lorain | 509 | $52,727 | $58,300 | Compare |
| Mount Aetna | 509 | $79,375 | $326,500 | Compare |
| Robinson | 509 | $56,250 | $56,400 | Compare |
| Rosslyn Farms | 517 | $84,956 | $369,000 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Pennsylvania
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, PA?
The population of Waverly, PA is 513 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Pennsylvania.
What is the median household income in Waverly?
The median household income in Waverly, PA is $104,444 per year, which is 39% above the national median of $75,149.
What is the median home value in Waverly?
The median home value in Waverly, PA is $284,600, which is 16% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Waverly?
The median monthly rent in Waverly, PA is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Waverly?
The unemployment rate in Waverly, PA is 4.6%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Waverly, PA a good place to live?
Waverly offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 513 and a median age of 51.6, the city appeals to established professionals and retirees.
How educated is Waverly, PA?
74.2% of residents in Waverly aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Waverly?
Key cost-of-living indicators for Waverly, PA: median home value is $284,600 (16% above national), median rent is $0/month, and median household income is $104,444. The home-value-to-income ratio is 2.7x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Waverly?
The poverty rate in Waverly, PA is 4.1%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Waverly, PA?
Waverly's population is 0.0% White, 0.0% Hispanic or Latino, 2.5% Black or African American, 0.0% Asian, and 0.0% two or more races. 2.1% of residents are foreign-born.