Waldo, WI
Population 407 · Wisconsin
About Waldo, WI
Waldo is a small community located in Wisconsin with a population of 407 residents according to the latest US Census Bureau American Community Survey data. The median household income is $69,583 per year, which is 7% below the national median of $75,149. The median age of 40.1 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Waldo features a median home value of $196,600, which is 20% below the national median of $244,900. This positions Waldo in a moderately priced market relative to the rest of the country. Median monthly rent is $950, 18% below the national average of $1,163/month. Of the 161 total housing units, 76% are owner-occupied (119 units) and 24% are renter-occupied (38 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Waldo shows an unemployment rate of 4.8%, which is near the national rate of 3.7%. The poverty rate stands at 3.8%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Waldo have an average one-way commute time of 20.2 minutes.
Education & Demographics
24.7% of Waldo 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 0.5% White, 0.7% Hispanic or Latino, 0.0% Black or African American, and 2.5% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Waldo, WI
Compared to national averages, Waldo has a median household income of $69,583 (7% below the national median of $75,149). Home values average $196,600, which is 20% below the national median. Monthly rent at $950 is 18% below the US average of $1,163. Within Wisconsin, Waldo's income is 4% below the state average of $72,579, and home values are 4% below the state median of $205,802.
Why Live in Waldo, WI?
Waldo offers affordable housing with a median home value of $196,600, below the US average of $244,900, and rent that’s lower than the national average at $950/month, and a low poverty rate of 3.8%, better than the national average. Additionally, the city features short commute times averaging just 20.2 minutes.
Potential considerations include median household income ($69,583) that falls below the national average. However, Waldo’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Waldo has a population of 407 with a median age of 40.1 years. Compare Waldo with other cities to see how it stacks up, or explore all cities in Wisconsin.
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Other Cities in Wisconsin
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Waldo
What is the population of Waldo, WI?
The population of Waldo, WI is 407 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Wisconsin.
What is the median household income in Waldo?
The median household income in Waldo, WI is $69,583 per year, which is 7% below the national median of $75,149.
What is the median home value in Waldo?
The median home value in Waldo, WI is $196,600, which is 20% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Waldo?
The median monthly rent in Waldo, WI is $950, which is 18% below the national average of $1,163/month.
What is the unemployment rate in Waldo?
The unemployment rate in Waldo, WI is 4.8%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Waldo, WI a good place to live?
Waldo offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 407 and a median age of 40.1, the city appeals to a broad range of residents.
How educated is Waldo, WI?
24.7% of residents in Waldo 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 Waldo?
Key cost-of-living indicators for Waldo, WI: median home value is $196,600 (20% below national), median rent is $950/month, and median household income is $69,583. The home-value-to-income ratio is 2.8x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Waldo?
The poverty rate in Waldo, WI is 3.8%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Waldo, WI?
Waldo's population is 0.5% White, 0.7% Hispanic or Latino, 0.0% Black or African American, 2.5% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.