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Waldron, Michigan

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
603
Population
$52,750
Median Income
$83,700
Home Value
39.2
Median Age

Demographics

Waldron has a population of 603 with a median age of 39.2. Here is the racial and ethnic breakdown of the population:

White
95.0%
Other
3.8%
Hispanic
1.2%
Demographic Value
Total Population603
Median Age39.2
White95.0%
Hispanic or Latino1.2%
Other / Two or More Races3.8%
Waldron, Michigan — racial composition (Census ACS 2024)Donut chart of 3 segments totaling 100.White: 95.0%Other: 3.8%Other: 1.2%603PopulationWhiteWhite95.0%OtherOther3.8%OtherOther1.2%

Income & Economy

The median household income in Waldron is $52,750, which is 34.6% below the national median of $80,610. The per capita income is $24,769. The poverty rate is 8.8%.

$52,750
Median Household Income
$24,769
Per Capita Income
8.8%
Poverty Rate

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Education

In Waldron, 93.9% of residents age 25+ have a high school diploma or higher, and 7.5% hold a bachelor's degree or higher (1.8% with a graduate or professional degree).

HS Diploma+
93.9%
Bachelor's+
7.5%
Graduate+
1.8%
Education Level % of Adults (25+)
High School Diploma or Higher93.9%
Bachelor's Degree or Higher7.5%
Graduate or Professional Degree1.8%

Housing

The median home value in Waldron is $83,700, below the national median of $303,400. The median monthly rent is $850. The homeownership rate is 73.1%.

$83,700
Median Home Value
$850/mo
Median Rent
73.1%
Homeownership Rate
Housing Metric Value
Median Home Value$83,700
Median Monthly Rent$850
Homeownership Rate73.1%
Vacancy Rate8.8%

Salaries in Michigan

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Frequently Asked Questions

What is the population of Waldron, Michigan?
The population of Waldron, Michigan is 603 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Waldron, Michigan?
The median household income in Waldron, Michigan is $52,750. This is 34.6% below the national median of $80,610.
What is the median home value in Waldron, Michigan?
The median home value in Waldron, Michigan is $83,700. The median monthly rent is $850.
What percentage of people in Waldron have a college degree?
In Waldron, Michigan, 7.5% of adults age 25 and older hold a bachelor's degree or higher, and 93.9% have a high school diploma or higher.
Is Waldron, Michigan an affordable place to live?
The home price-to-income ratio in Waldron, Michigan is 1.6x (median home value $83,700 vs. median income $52,750), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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