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Waverly, 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
23,575
Population
$75,700
Median Income
$234,600
Home Value
41.7
Median Age

Demographics

Waverly has a population of 23,575 with a median age of 41.7. Here is the racial and ethnic breakdown of the population:

White
65.1%
Black
15.1%
Hispanic
9.1%
Asian
6.4%
Other
4.3%
Demographic Value
Total Population23,575
Median Age41.7
White65.1%
Black or African American15.1%
Asian6.4%
Hispanic or Latino9.1%
Other / Two or More Races4.3%
Waverly, Michigan — racial composition (Census ACS 2024)Donut chart of 5 segments totaling 100.White: 65.1%Black: 15.1%Hispanic/Latino: 9.1%Asian: 6.4%Other: 4.3%23,575PopulationWhiteWhite65.1%BlackBlack15.1%Hispanic/LatinoHispanic/Latino9.1%AsianAsian6.4%OtherOther4.3%

Income & Economy

The median household income in Waverly is $75,700, which is 6.1% below the national median of $80,610. The per capita income is $47,266. The poverty rate is 10.1%.

$75,700
Median Household Income
$47,266
Per Capita Income
10.1%
Poverty Rate

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Education

In Waverly, 93.5% of residents age 25+ have a high school diploma or higher, and 44.1% hold a bachelor's degree or higher (14.7% with a graduate or professional degree).

HS Diploma+
93.5%
Bachelor's+
44.1%
Graduate+
14.7%
Education Level % of Adults (25+)
High School Diploma or Higher93.5%
Bachelor's Degree or Higher44.1%
Graduate or Professional Degree14.7%

Housing

The median home value in Waverly is $234,600, below the national median of $303,400. The median monthly rent is $1,170. The homeownership rate is 55.7%.

$234,600
Median Home Value
$1,170/mo
Median Rent
55.7%
Homeownership Rate
Housing Metric Value
Median Home Value$234,600
Median Monthly Rent$1,170
Homeownership Rate55.7%
Vacancy Rate3.2%

Salaries in Michigan

Explore salary data for popular occupations in Michigan:

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Other Cities in Michigan

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Frequently Asked Questions

What is the population of Waverly, Michigan?
The population of Waverly, Michigan is 23,575 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Waverly, Michigan?
The median household income in Waverly, Michigan is $75,700. This is 6.1% below the national median of $80,610.
What is the median home value in Waverly, Michigan?
The median home value in Waverly, Michigan is $234,600. The median monthly rent is $1,170.
What percentage of people in Waverly have a college degree?
In Waverly, Michigan, 44.1% of adults age 25 and older hold a bachelor's degree or higher, and 93.5% have a high school diploma or higher.
Is Waverly, Michigan an affordable place to live?
The home price-to-income ratio in Waverly, Michigan is 3.1x (median home value $234,600 vs. median income $75,700), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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