Waveland town, Indiana Demographics & Population 2026

Population Overview

Waveland town is a small community located in Indiana. The total population is 431. It ranks as the 543rd most populous out of 967 cities and towns in Indiana.

Age Demographics

The median age in Waveland town is 27.2 years. This is 28% lower than the state median of 38.0 years. With 39.9% of the population under 18, Waveland town has a notably young demographic profile, suggesting a family-oriented community.

Economy, Income & Housing

The median household income in Waveland town is $60,956. This is 13% lower than the state median of $70,051. Compared to the national median of $78,538, household income here is 22% lower. The poverty rate stands at 15.8%. This is 29% higher than the state poverty rate of 12.2%. The unemployment rate is 5.3%. This is 22% higher than the state rate of 4.3%. The median home value is $96,800. Housing costs are 52% lower than the state median of $201,600. With a home-value-to-income ratio of just 1.6x, Waveland town is one of the most affordable housing markets in the area. 84.6% of occupied housing units are owner-occupied. This homeownership rate is 20% higher than the state average of 70.3%.

Race & Ethnicity

Waveland town has a predominantly White (non-Hispanic) population, comprising 97.2% of all residents. Hispanic or Latino residents account for 0.2%. The Hispanic or Latino population (0.2%) is well below the state average of 8.4%.

Education

12.3% of residents aged 25 and older hold a bachelor's degree or higher. This is 57% lower than the state rate of 28.8%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 91.3%.

Data Sources & Methodology

All demographic data for Waveland town, Indiana is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Indiana state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 967 Census-designated places in Indiana. For official data, visit data.census.gov.