Waverly, TN
Population 4,278 · Tennessee
About Waverly, TN
Waverly is a small community in Tennessee with a population of 4,278 residents. The median household income is $45,600 per year, which is below the national average. The median age in Waverly is 46.1 years.
Housing in Waverly has a median home value of $164,700 and median monthly rent of $841. Of the 2,286 total housing units, the majority are owner-occupied, with 1,404 owner-occupied and 529 renter-occupied units.
The unemployment rate in Waverly is 18.8% and the poverty rate is 15.0%. 20.5% of residents hold a bachelor's degree or higher. The average commute time is 35.5 minutes.
Cost of Living in Waverly, TN
Compared to national averages, Waverly has a median household income of $45,600 (39% below the national median of $75,149). Home values average $164,700, which is 33% below the national median. Monthly rent at $841 is 28% below the US average of $1,163. Within Tennessee, Waverly's income is 27% below the state average of $62,849, and home values are 23% below the state median of $214,371.
Why Live in Waverly, TN?
Waverly offers affordable housing with a median home value of $164,700, below the US average of $244,900, and rent that’s lower than the national average at $841/month.
Potential considerations include median household income ($45,600) that falls below the national average. However, Waverly’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Waverly has a population of 4,278 with a median age of 46.1 years. Compare Waverly with other cities to see how it stacks up, or explore all cities in Tennessee.
Similar Cities Near Waverly
Cities in Tennessee with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Harrogate | 4,355 | $63,257 | $178,600 | Compare |
| Louisville | 4,369 | $83,485 | $314,700 | Compare |
| Trenton | 4,175 | $50,645 | $130,900 | Compare |
| Shackle Island | 4,164 | $131,944 | $467,500 | Compare |
| Apison | 4,397 | $104,741 | $397,800 | Compare |
| Huntingdon | 4,413 | $49,421 | $128,900 | Compare |
| Selmer | 4,456 | $48,092 | $111,600 | Compare |
| Oak Grove CDP (Washington County), Tennessee | 4,483 | $63,625 | $241,100 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Tennessee
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Waverly
What is the population of Waverly, TN?
The population of Waverly, TN is 4,278 according to the latest Census data.
What is the median household income in Waverly?
The median household income in Waverly, TN is $45,600 per year.
What is the median home value in Waverly?
The median home value in Waverly, TN is $164,700.
What is the average rent in Waverly?
The median monthly rent in Waverly, TN is $841.
What is the unemployment rate in Waverly?
The unemployment rate in Waverly, TN is 18.8%.