Waterville, Minnesota Demographics & Population 2026
During the 2020–2024 ACS period, Waterville, Minnesota had a total population of 1,947, the 269th largest city in Minnesota, with a median household income of $76,406, which is 14% lower than the state average. The poverty rate is 12.0%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Waterville Quick Facts
How Waterville Changed
Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.
| Metric | 2019–2023 | 2020–2024 | Change |
|---|---|---|---|
| Population | 1,778 | 1,947 | +9.5% |
| Median household income | $67,721 | $76,406 | +12.8% |
| Median home value | $216,700 | $236,000 | +8.9% |
How Waterville Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A less diverse community where one racial or ethnic group represents a large majority.
State average: 41 | National average: 61
Education
Educational Attainment (Adults 25+)
Waterville Rankings in Minnesota
Explore Minnesota Rankings
Other Cities in Le Sueur County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Le Sueur | 4,215 | $78,711 | 12.8% | $244,000 |
| Montgomery | 3,434 | $79,432 | 5.8% | $234,700 |
| Le Center | 2,513 | $80,673 | 5.0% | $209,600 |
| Elysian | 676 | $89,632 | 5.8% | $285,400 |
| Cleveland | 563 | $85,750 | 6.8% | $212,800 |
| Kasota | 554 | $66,625 | 21.6% | $190,800 |
| Heidelberg | 235 | $115,417 | 0.4% | $316,700 |
| Kilkenny | 125 | $48,750 | 12.8% | $158,600 |
Cities Similar to Waterville
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Eyota | 1,944 | $82,930 | $278,200 | 27.1% | 9.1% |
| Rushford | 1,826 | $76,638 | $214,800 | 28.2% | 9.5% |
| Clearwater | 1,970 | $91,346 | $271,800 | 25.3% | 6.5% |
| Kenyon | 1,824 | $82,500 | $216,800 | 17.6% | 13.6% |
| Coleraine | 2,150 | $74,716 | $211,800 | 26.2% | 10.7% |
Population Overview
Waterville is a small community located in Minnesota, within Le Sueur County. The total population is 1,947. It ranks as the 269th most populous out of 914 Census-designated places in Minnesota.
Age Demographics
The median age in Waterville is 43.8 years. This is 13% higher than the state median of 38.8 years.
Economy, Income & Housing
The median household income in Waterville is $76,406. This is 14% lower than the state median of $89,062. It is also 5% lower than the national median of $80,734. The poverty rate stands at 12.0%. This is 29% higher than the state poverty rate of 9.3%. The unemployment rate is 7.3%. This is 80% higher than the state rate of 4.1%. The median home value is $236,000. Housing costs are 28% lower than the state median of $329,300. The home-value-to-income ratio is 3.1x. 76.3% of occupied housing units are owner-occupied. This homeownership rate is 6% higher than the state average of 72.2%.
Race & Ethnicity
Waterville has a predominantly White (non-Hispanic) population, comprising 87.9% of all residents. Hispanic or Latino residents account for 7.2%. The Black or African American population (1.3%) is well below the state average of 7.0%. The Asian population (0.5%) is well below the state average of 5.1%.
Education
19.0% of residents aged 25 and older hold a bachelor's degree or higher. This is 52% lower than the state rate of 39.4%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 93.1%.
Data Sources & Methodology
All demographic data for Waterville, Minnesota 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 Minnesota state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 914 Census-designated places in Minnesota. 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 Waterville, Minnesota?
Waterville, Minnesota has a population of 1,947 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Waterville, MN?
The median household income in Waterville is $76,406, which is 5% lower than the national median of $80,734.
What is the poverty rate in Waterville, MN?
The poverty rate in Waterville is 12.0%. This means approximately 230 residents live below the federal poverty line.
What is the racial makeup of Waterville, Minnesota?
Waterville's population is 87.9% White, 1.3% Black, 7.2% Hispanic/Latino, and 0.5% Asian.
What is the median home value in Waterville, MN?
The median home value in Waterville is $236,000. The home-value-to-income ratio is 3.1x.
How educated is Waterville, Minnesota?
19.0% of adults (25+) in Waterville hold a bachelor's degree or higher, and 6.0% hold a graduate or professional degree.