Waverly, Minnesota Demographics & Population 2026
During the 2020–2024 ACS period, Waverly, Minnesota had a total population of 2,285, the 246th largest city in Minnesota, with a median household income of $112,222, which is 26% higher than the state average. The poverty rate is 10.6%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- Near full employment with an unemployment rate of just 2.0%.
Waverly Quick Facts
How Waverly 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 | 1,947 | 2,285 | +17.4% |
| Median household income | $113,269 | $112,222 | -0.9% |
| Median home value | $284,600 | $323,100 | +13.5% |
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
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+)
Waverly Rankings in Minnesota
Explore Minnesota Rankings
Other Cities in Wright County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Otsego | 22,245 | $119,927 | 3.5% | $396,700 |
| St. Michael | 20,010 | $131,274 | 3.2% | $390,100 |
| Buffalo | 16,499 | $88,820 | 8.9% | $314,400 |
| Monticello | 14,858 | $79,534 | 6.8% | $323,700 |
| Albertville | 8,207 | $132,734 | 1.1% | $343,700 |
| Delano | 6,942 | $109,946 | 4.0% | $375,200 |
| Montrose | 3,888 | $102,625 | 5.3% | $275,700 |
| Annandale | 3,399 | $65,583 | 8.9% | $251,800 |
| Cokato | 2,782 | $70,288 | 14.4% | $223,300 |
| Maple Lake | 2,042 | $93,750 | 4.4% | $246,800 |
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 |
|---|---|---|---|---|---|
| Cologne | 2,282 | $129,398 | $383,600 | 42.1% | 5.2% |
| Rockville | 2,452 | $105,329 | $365,800 | 30.9% | 4.3% |
| Hawley | 2,178 | $99,188 | $280,400 | 36.1% | 4.6% |
| Rice | 2,085 | $107,692 | $266,600 | 28.8% | 3.0% |
| St. Bonifacius | 1,997 | $109,922 | $355,800 | 36.5% | 2.2% |
Population Overview
Waverly is a small community located in Minnesota, within Wright County. The total population is 2,285. It ranks as the 246th most populous out of 914 Census-designated places in Minnesota.
Age Demographics
The median age in Waverly is 38.1 years. This is 2% lower than the state median of 38.8 years.
Economy, Income & Housing
The median household income in Waverly is $112,222. This is 26% higher than the state median of $89,062. It is also 39% higher than the national median of $80,734. The poverty rate stands at 10.6%. This is 14% higher than the state poverty rate of 9.3%. The unemployment rate is 2.0%. This is 51% lower than the state rate of 4.1%. The median home value is $323,100. Housing costs are 2% lower than the state median of $329,300. With a home-value-to-income ratio of just 2.9x, Waverly is one of the most affordable housing markets in the area. 92.7% of occupied housing units are owner-occupied. This homeownership rate is 28% higher than the state average of 72.2%.
Race & Ethnicity
Waverly has a predominantly White (non-Hispanic) population, comprising 90.2% of all residents. Hispanic or Latino residents account for 4.7%. The Black or African American population (0.7%) is well below the state average of 7.0%. The Asian population (1.0%) is well below the state average of 5.1%.
Education
24.6% of residents aged 25 and older hold a bachelor's degree or higher. This is 37% 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 95.5%.
Data Sources & Methodology
All demographic data for Waverly, 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 Waverly, Minnesota?
Waverly, Minnesota has a population of 2,285 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Waverly, MN?
The median household income in Waverly is $112,222, which is 39% higher than the national median of $80,734.
What is the poverty rate in Waverly, MN?
The poverty rate in Waverly is 10.6%. This means approximately 242 residents live below the federal poverty line.
What is the racial makeup of Waverly, Minnesota?
Waverly's population is 90.2% White, 0.7% Black, 4.7% Hispanic/Latino, and 1.0% Asian.
What is the median home value in Waverly, MN?
The median home value in Waverly is $323,100. The home-value-to-income ratio is 2.9x.
How educated is Waverly, Minnesota?
24.6% of adults (25+) in Waverly hold a bachelor's degree or higher, and 5.4% hold a graduate or professional degree.