Waverly, Michigan Demographics & Population 2026
Demographic data: ACS 2020–2024 five-year estimates. Sources and methodology
During the 2020–2024 ACS period, Waverly, Michigan had a total population of 23,575, the 54th largest community in Michigan, with a median household income of $75,700, which is 4% higher than the state average. The poverty rate is 10.1%.
Waverly Quick Facts
How Waverly Changed
Change from the non-overlapping 2015–2019 ACS period to 2020–2024. Earlier dollar figures are adjusted to 2024 dollars; changes marked “no clear change” are within the combined 90% margins of error.
| Metric | 2015–2019 | 2020–2024 | Change |
|---|---|---|---|
| Population | 24,201 | 23,575 | No clear change (-2.6%) |
| Median household income | $77,980 | $75,700 | No clear change (-2.9%) |
| Median home value¹ | $201,959 | $234,600 | +16.2% |
| Median gross rent | $1,131 | $1,170 | No clear change (+3.4%) |
How Waverly Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
- White: 63.2%
- Black: 15.0%
- Hispanic: 9.0%
- Asian: 6.4%
- Other: 0.8%
Diversity Index
A diverse community with significant representation from multiple racial and ethnic groups.
State average: 45 | National average: 61
Education
Educational Attainment (Adults 25+)
- < High School: 6.5%
- HS Diploma: 18.4%
- Some College: 21.4%
- Associate's: 9.6%
- Bachelor's: 29.4%
- Graduate+: 14.7%
Waverly Rankings in Michigan
Explore Michigan Rankings
Other Cities in Eaton County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Charlotte | 9,277 | $62,681 | 11.1% | $153,900 |
| Grand Ledge | 7,804 | $68,980 | 6.2% | $194,000 |
| Eaton Rapids | 5,183 | $63,875 | 13.5% | $155,800 |
| Potterville | 3,087 | $64,693 | 11.4% | $154,500 |
| Olivet | 1,844 | $54,722 | 14.5% | $154,900 |
| Bellevue | 1,552 | $63,750 | 16.1% | $118,100 |
| Dimondale | 1,521 | $111,042 | 3.2% | $216,400 |
| Vermontville | 790 | $53,750 | 21.4% | $138,500 |
| Sunfield | 658 | $69,821 | 16.0% | $156,000 |
| Mulliken | 501 | $81,429 | 8.1% | $165,900 |
Cities Similar to Waverly
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Wyandotte | 24,489 | $71,987 | $166,900 | 22.7% | 13.0% |
| Norton Shores | 25,041 | $76,579 | $234,800 | 33.3% | 6.5% |
| Walker | 25,386 | $76,360 | $295,200 | 38.6% | 7.6% |
| Romulus | 24,831 | $69,151 | $159,500 | 16.2% | 13.5% |
| Auburn Hills | 25,105 | $84,375 | $245,000 | 49.6% | 11.1% |
Population Overview
Waverly is a small city located in Michigan, within Eaton County. The total population is 23,575. It ranks as the 54th most populous out of 745 Census-designated places in Michigan.
Age Demographics
The median age in Waverly is 41.7 years. This is 4% higher than the state median of 40.2 years.
Economy, Income & Housing
The median household income in Waverly is $75,700. This is 4% higher than the state median of $72,875. It is also 6% lower than the national median of $80,734. The poverty rate stands at 10.1%. This is 24% lower than the state poverty rate of 13.2%. The unemployment rate is 5.9%. This is 4% higher than the state rate of 5.7%. The median home value is $234,600. Housing costs are 1% higher than the state median of $231,600. The home-value-to-income ratio is 3.1x. 55.7% of occupied housing units are owner-occupied. This homeownership rate is 24% lower than the state average of 73.2%.
Race & Ethnicity
The largest racial or ethnic group in Waverly is White (non-Hispanic), making up 63.2% of the population. Black or African American residents account for 15.0%. The Hispanic or Latino population is significantly higher than the state average (9.0% vs 5.9%). The Asian population is significantly higher than the state average (6.4% vs 3.4%).
Education
44.1% of residents aged 25 and older hold a bachelor's degree or higher. This is 36% higher than the state rate of 32.5%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 93.5%.
Data Sources & Methodology
All demographic data for Waverly, Michigan is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Michigan state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 745 Census-designated places in Michigan. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.
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Frequently Asked Questions
What is the population of Waverly, Michigan?
Waverly, Michigan has a population of 23,575 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Waverly, MI?
The median household income in Waverly is $75,700, which is 6% lower than the national median of $80,734.
What is the poverty rate in Waverly, MI?
The poverty rate in Waverly is 10.1%. This means approximately 2,351 residents live below the federal poverty line.
What is the racial makeup of Waverly, Michigan?
Waverly's population is 63.2% White, 15.0% Black, 9.0% Hispanic/Latino, and 6.4% Asian.
What is the median home value in Waverly, MI?
The median home value in Waverly is $234,600. The home-value-to-income ratio is 3.1x.
How educated is Waverly, Michigan?
44.1% of adults (25+) in Waverly hold a bachelor's degree or higher, and 14.7% hold a graduate or professional degree.