City profile · Minnesota · Census ACS 2023

Waverly, MN

Population, income, housing, safety, climate and schools for Waverly - drawn straight from Census ACS, FBI UCR, NOAA, NCES, HUD and FEMA, refreshed on the 2024–2025 release cycle.

1,947
Residents
$113,269
Median income
$284,600
Median home
$1,709
Median rent (state)

Waverly - the verdict

Waverly ranks in the 85th percentile for household income nationally, out of every US city with at least 1,000 residents. Source: Census ACS.

85th
percentile, household income
62nd
percentile, home value
68th
percentile, median rent
📝 How we sourced this

Population, income, and housing-cost figures come from the U.S. Census Bureau American Community Survey 5-year estimates (B-series tables). Crime data uses FBI UCR; climate uses NOAA Climate Normals; school counts come from NCES Common Core of Data; permits use the Census Building Permits Survey (BPS). See our methodology page for the full ETL pipeline and OMB / FIPS join keys.

Data Snapshot: Waverly, MN

1,947 people live in Waverly, Minnesota - a small town by U.S. Census Bureau ACS 2023 estimates. Waverly households earn a median of $113,269 annually, placing it in the top quartile of U.S. cities for household income, with a poverty rate of 5.0%. Typical homes in Waverly are valued around $284,600, and the median resident age is 37.2 years. About 20.1% of adults hold a bachelor's degree or higher, while 77.5% of working-age residents are in the labor force.

The Census Building Permit Survey recorded 21 residential units authorized here in 2024 (Construction Slowdown), down 60% from five years earlier.

Minnesota tracks close to the national cost-of-living baseline: the state registers 98.6 on a 100-equals-national-average index (Near Average) per BEA Regional Price Parities 2024. HUD Fair Market Rent for a typical two-bedroom in this state is $1,709 per month. EIA 2023 residential energy data puts Minnesota's average monthly utility costs around $225 (state average). FEMA's National Risk Index rates natural-hazard exposure at 68.4 out of 100 (Moderate).

Population

1,947 residents

Census ACS 2023 - Minnesota

Median Household Income

$113,269 /yr

Poverty 5.0%

Cost of Living Index (state)

98.6 (US=100)

Near Average - BEA RPP 2024, Minnesota average

How does Waverly compare to other US cities?

Here's how Waverly stacks up against the full field of US cities (population 1,000+), computed live from Census and FBI data.

Household income 85% higher than other cities
Home value 62% pricier than other cities
Median rent 68% pricier than other cities

"Safer than" reflects total crime rate from FBI UCR; the others use Census ACS estimates.

How we calculate these percentiles & ranks

Each percentile compares Waverly against every qualifying US city; each in-state rank narrows that to Minnesota only. Full formula and direction notes: methodology.

Minnesota-relative analysis

Median Home Value places Waverly toward the top of Minnesota's cities

Among the 774 Minnesota cities PlainCities tracks with reported median home value data, Waverly ranks #164 - the 79th percentile within the state. This is a different, narrower cut than the nationwide percentiles above: it compares Waverly only against its own state's cities, not the full US field.

Median Household Income
#84 of 775
89th percentile in Minnesota
Median Gross Rent
#1 of 785
77th percentile in Minnesota
Median Home Value
#164 of 774
79th percentile in Minnesota
Poverty Rate
#427 of 785
45th percentile in Minnesota
Bachelor's Degree or Higher
#399 of 784
48th percentile in Minnesota

Ranked by raw value (highest first); a higher rank is not automatically "better" for every measure, see each metric's own context above. This is a comparison within Minnesota only, not a livability score. See the methodology for the source and calculation.

85thIncome percentile

85th percentile nationally for median household income. Source: Census ACS 2023 / FBI UCR 2023.

How Waverly's home value compares nationally

Median home value vs. every US city (population 1,000+)

$284,600 38th percentile more affordable than 38% of 15,600 US cities

$0–$25,000: 5 US cities (0%). Below this entry. $25,000–$50,000: 54 US cities (0%). Below this entry. $50,000–$75,000: 352 US cities (2%). Below this entry. $75,000–$100,000: 1,086 US cities (7%). Below this entry. $100,000–$125,000: 1,516 US cities (10%). Below this entry. $125,000–$150,000: 1,170 US cities (8%). Below this entry. $150,000–$175,000: 1,278 US cities (8%). Below this entry. $175,000–$200,000: 1,229 US cities (8%). Below this entry. $200,000–$225,000: 1,035 US cities (7%). Below this entry. $225,000–$250,000: 976 US cities (6%). Below this entry. $250,000–$275,000: 754 US cities (5%). Below this entry. $275,000–$300,000: 712 US cities (5%). This entry sits in this band. $300,000–$325,000: 521 US cities (3%). Above this entry. $325,000–$350,000: 526 US cities (3%). Above this entry. $350,000–$375,000: 465 US cities (3%). Above this entry. $375,000–$400,000: 393 US cities (3%). Above this entry. $400,000–$425,000: 317 US cities (2%). Above this entry. $425,000–$450,000: 300 US cities (2%). Above this entry. $450,000–$475,000: 307 US cities (2%). Above this entry. $475,000–$500,000: 250 US cities (2%). Above this entry. $500,000–$525,000: 160 US cities (1%). Above this entry. $525,000–$550,000: 156 US cities (1%). Above this entry. $550,000–$575,000: 172 US cities (1%). Above this entry. $575,000–$600,000: 172 US cities (1%). Above this entry. $600,000–$625,000: 163 US cities (1%). Above this entry. $625,000–$650,000: 167 US cities (1%). Above this entry. $650,000–$675,000: 135 US cities (1%). Above this entry. $675,000–$700,000: 101 US cities (1%). Above this entry. $700,000–$725,000: 95 US cities (1%). Above this entry. $725,000–$750,000: 71 US cities (0%). Above this entry. $750,000–$775,000: 65 US cities (0%). Above this entry. $775,000–$800,000: 70 US cities (0%). Above this entry. $800,000–$825,000: 57 US cities (0%). Above this entry. $825,000–$850,000: 67 US cities (0%). Above this entry. $850,000–$875,000: 60 US cities (0%). Above this entry. $875,000–$900,000: 58 US cities (0%). Above this entry. $900,000–$925,000: 47 US cities (0%). Above this entry. $925,000–$950,000: 37 US cities (0%). Above this entry. $950,000–$975,000: 31 US cities (0%). Above this entry. $975,000–$1,000,000: 470 US cities (3%). Above this entry. $1,000,000–$1,025,000: 0 US cities (0%). Above this entry. Waverly $0 $1,025,000 every US city, bucketed by value

Each bar is a $25K-wide band; taller bars hold more US cities. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.

Source U.S. Census Bureau ACS 5-Year Estimates · 2023

Income distribution context

Household income distribution - Waverly, MN Waverly, MN's reported median household income shown against the U.S. national quintile-share pattern (not Waverly, MN-specific quintile data). The Lorenz curve traces the national cumulative income share against cumulative population share, perfect equality is the diagonal; observed inequality bows below. $ Household Income Distribution Waverly, MN median $113,269/yr, vs. U.S. national quintile pattern QUINTILE SHARE OF AGGREGATE INCOME Lowest 20% 3.4% Second 20% 9.2% Middle 20% 15.1% Fourth 20% 23.2% Top 20% 49.1% LORENZ CURVE cumulative income vs. population 100% 0% 100% pop. 0%
Waverly, MN's median household income (Census ACS 5-year estimate) plotted against the U.S. national income-quintile distribution pattern for context; the quintile shares and Lorenz curve are national figures, not computed specifically for Waverly, MN. Diagonal = perfect equality.

Key socioeconomic indicators

Bachelor's degree or higher (adults 25+) 20.1%

Census ACS S1501, educational attainment

Poverty rate (households below FPL) 5.0%

Census ACS S1701, poverty status

Labor force participation (adults 16+) 77.5%

Census ACS S2301, share of working-age residents in the labor force

Population
1,947
Median Income
$113,269
Median Home Value
$284,600
Median Age
37.2
Poverty Rate
5.0%
Labor force participation
77.5%
Bachelor's Degree+
20.1%

Schools

Total Schools
1
Public schools in this city

Population Change

Annual U.S. Census Bureau Population Estimates Program (PEP) estimates, 2020–2025

See the fastest-growing cities →
1,800 residents2,000 residents2,200 residents2,400 residents 202020212022202320242025 1,925 residents 2,293 residents ▲ +19.1%
Waverly's Census PEP population estimates, 2020–2025.

Housing Supply

Census Bureau Building Permits Survey (BPS) - annual residential permits authorized

📉 Construction Slowdown
Total Permits (2024)
21
housing units authorized
Single-Family
21
detached homes
Multifamily
0
apartments & condos
Supply Intensity
10.8
permits per 1,000 residents

5-Year Permit Trend (2019–2024)

Year Total
2019 52
2020 40
2021 40
2022 15
2023 50
2024 21

Permit volume decreased 60% from 2019 to 2024.

Commute Patterns

How workers travel to work, Census ACS 2023

Drive Alone
76.5%
Carpool
7.9%
Public Transit
0.9%
Walk
0.3%
Work from Home
14.4%

Based on 1,159 workers 16 and over.

Monthly Utility Costs

State-average estimates for Minnesota - EIA 2023 residential energy data

Electricity
$95
avg/month
Natural Gas
$85
avg/month
Water & Sewer
$45
avg/month
Total Utilities
$225
estimated/month

Estimates reflect Minnesota state averages. Actual costs vary by home size, usage, and local rates. Source: U.S. Energy Information Administration (EIA) 2023.

Living Costs & Risk

Cost of living is a Minnesota state average from BEA; rent and hazard risk are county-level figures from HUD and FEMA for the county Waverly sits in

Cost of Living Index
98.6
Near Average
US average = 100 · BEA RPP 2024
Typical 2-BR Rent
$1,709/mo
HUD Fair Market Rent
County-level FMR estimate
Natural Hazard Risk
68.4 / 100
Moderate
FEMA NRI composite score (county)

Similar Cities in Minnesota

Ortonville
1,968 people
Blooming Prairie
1,977 people
St. Bonifacius
1,982 people
Clearwater
1,904 people
Stacy
1,992 people
Aurora
1,897 people

Cities of a Similar Size Nationwide

Population-matched peers from other states, closest to Waverly's 1,947 residents (Census ACS 5-Year 2023).

Stevenson, AL
1,947 people
Suffield Depot, CT
1,947 people
Lorenz Park, NY
1,947 people
Hampton, IL
1,946 people
Beattyville, KY
1,948 people
Richmond, ME
1,946 people

Cities with a Similar Household Income Nationwide

Median-household-income-matched peers from other states, closest to Waverly's $113,269 (Census ACS 5-Year 2023, table B19013).

Charlestown, RI
$113,281 median income
Lockport, IL
$113,252 median income
Irwindale, CA
$113,250 median income
Whitemarsh Island, GA
$113,250 median income
Twin Grove, IL
$113,250 median income
Pinewood Estates, TX
$113,289 median income

Race & Ethnicity Composition

Race and ethnicity - Waverly, MN Race categories sum to one hundred percent per Census methodology. Hispanic or Latino is shown separately as an ethnicity overlay; it cuts across all race categories per OMB Directive 15. Race & Ethnicity Composition Waverly, MN - Census ACS, OMB race + ethnicity categories RACE, sums to 100% 90.6% ETHNICITY, Hispanic or Latino (any race) 6.0% White 90.6% Black or African American 1.0% Asian 0.5% American Indian 0.1% Native Hawaiian 0.0% Some other race 4.6% Two or more races 3.2% Per OMB Directive 15: Hispanic/Latino ethnicity is reported separately from the race categories.
Race categories sum to 100%. Hispanic or Latino ethnicity is reported separately and cuts across race per Census/OMB methodology.

City-level race and ethnicity, Census ACS 5-year 2023 (tables B02001, B03001), OMB Directive 15 categories.

How Waverly compares to nearby Minnesota cities

Population + median household income, sourced from Census Bureau ACS 5-year B01001 (population) and B19013 (median household income).

City Population Median Household Income
Waverly (this city) 1,947 $113,269
Ortonville 1,968 $53,021
Blooming Prairie 1,977 $63,929
St. Bonifacius 1,982 $116,500
Census ACS 5-year FIPS MN NCES CCD Census BPS 2024 OMB Bulletin 23-01

What do people ask about Waverly, MN?

What is the population of Waverly, MN? +

1,947 people live in Waverly, MN according to U.S. Census Bureau ACS 2023 estimates.

What is the median household income in Waverly, MN? +

In Waverly, the typical household earns $113,269 per year, based on Census ACS 2023 data.

What is the cost of living in Waverly? +

BEA does not publish a city-level cost-of-living figure for Waverly; the closest available measure is the Minnesota state average, a cost of living index of 98.6 (U.S. average = 100), rated "Near Average" based on BEA Regional Price Parities 2024 data. Costs within Minnesota vary by metro area.

What is the median home value in Waverly, MN? +

Homes in Waverly carry a median value of $284,600, according to Census ACS 2023 estimates.

Source: U.S. Census Bureau ACS 5-Year 2023, NCES CCD, Census BPS 2024, Census ACS B08301/B08136, U.S. Energy Information Administration (EIA) 2023, BEA Regional Price Parities 2024, HUD Fair Market Rents 2026, FEMA National Risk Index.

Read our methodology - how this data is sourced, computed, and verified.

Primary sources: Census ACS, FBI UCR, NOAA Climate Normals, NCES.

Citation & verification links Data sourced from the U.S. Census Bureau. See our methodology for details. Retrieved and formatted by PlainCities

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Every figure on PlainCities is rendered directly from Census ACS source data, no number is typed in by an editor. This page draws directly on Census ACS source data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.