Waverly city, Minnesota Demographics & Population 2026
As of 2026, Waverly city, Minnesota has a total population of 1,947, the 265th largest city in Minnesota, with a median household income of $113,269, which is 29% higher than the state average. The poverty rate is 8.9%.
Key Takeaways
- Near full employment with an unemployment rate of just 1.3%.
Waverly city Quick Facts
How Waverly city Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
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: 40 | National average: 60
Education
Educational Attainment (Adults 25+)
Waverly city Rankings in Minnesota
Explore Minnesota Rankings
Other Cities in Wright County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Otsego city | 21,358 | $127,219 | 0.8% | $367,200 |
| St. Michael city | 19,267 | $130,814 | 4.0% | $365,800 |
| Buffalo city | 16,388 | $88,306 | 6.6% | $281,900 |
| Monticello city | 14,607 | $81,563 | 8.8% | $298,400 |
| Dayton city | 8,381 | $137,383 | 2.8% | $510,600 |
| Albertville city | 8,066 | $126,307 | 0.6% | $326,400 |
| Delano city | 6,712 | $118,091 | 3.2% | $347,500 |
| Becker city | 4,958 | $90,188 | 5.6% | $257,600 |
| Rockford city | 4,521 | $82,228 | 6.7% | $265,900 |
| Montrose city | 3,840 | $98,832 | 7.3% | $260,100 |
Cities Similar to Waverly city
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| St. Bonifacius city | 1,982 | $116,500 | $342,400 | 37.8% | 0.6% |
| Dundas city | 1,882 | $111,250 | $293,400 | 39.9% | 2.4% |
| Rice city | 1,998 | $103,482 | $237,600 | 31.8% | 2.7% |
| Esko CDP | 2,063 | $116,406 | $278,800 | 41.3% | 2.6% |
| Howard Lake city | 1,864 | $99,464 | $239,100 | 22.0% | 6.2% |
Population Overview
Waverly city is a small community located in Minnesota, within Wright County. The total population is 1,947. It ranks as the 265th most populous out of 913 cities and towns in Minnesota.
Age Demographics
The median age in Waverly city is 37.2 years. This is 4% lower than the state median of 38.6 years.
Economy, Income & Housing
The median household income in Waverly city is $113,269. This is 29% higher than the state median of $87,556. Compared to the national median of $78,538, household income here is 44% higher. The poverty rate stands at 8.9%. This is 3% lower than the state poverty rate of 9.2%. The unemployment rate is 1.3%. This is 68% lower than the state rate of 3.9%. The median home value is $284,600. Housing costs are 7% lower than the state median of $305,500. With a home-value-to-income ratio of just 2.5x, Waverly city is one of the most affordable housing markets in the area. 91.8% of occupied housing units are owner-occupied. This homeownership rate is 27% higher than the state average of 72.4%.
Race & Ethnicity
Waverly city has a predominantly White (non-Hispanic) population, comprising 89.8% of all residents. Hispanic or Latino residents account for 6.0%. The Black or African American population (1.0%) is well below the state average of 6.7%. The Asian population (0.5%) is well below the state average of 5.0%.
Education
20.1% of residents aged 25 and older hold a bachelor's degree or higher. This is 48% lower than the state rate of 38.8%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 95.2%.
Data Sources & Methodology
All demographic data for Waverly city, Minnesota 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 Minnesota state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 913 Census-designated places in Minnesota. For official data, visit data.census.gov.
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Frequently Asked Questions
What is the population of Waverly city, Minnesota?
Waverly city, 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 Waverly city, MN?
The median household income in Waverly city is $113,269, which is 44% higher the national median of $78,538.
What is the poverty rate in Waverly city, MN?
The poverty rate in Waverly city is 8.9%. This means approximately 172 residents live below the federal poverty line.
What is the racial makeup of Waverly city, Minnesota?
Waverly city's population is 89.8% White, 1.0% Black, 6.0% Hispanic/Latino, and 0.5% Asian.
What is the median home value in Waverly city, MN?
The median home value in Waverly city is $284,600. The home-value-to-income ratio is 2.5x.
How educated is Waverly city, Minnesota?
20.1% of adults (25+) in Waverly city hold a bachelor's degree or higher, and 3.3% hold a graduate or professional degree.