What are the schools like in Waverly, MN?

Waverly is served primarily by HOWARD LAKE-WAVERLY-WINSTED. The district operates 2 elementary schools, 1 middle schools, and 3 high schools with a student-to-teacher ratio of 16.5:1.

What is the median household income in Waverly?

The median household income in Waverly, MN is $108,731 according to the most recent US Census American Community Survey 5-year estimates. The unemployment rate is 0.4%.

What is the weather like in Waverly, MN?

Waverly has an average high temperature of 23.0°F in January and 82.9°F in July. Annual precipitation averages 31.7 inches and annual snowfall averages 39.8 inches.

Waverly, MN Cost of Living, Crime & Is It a Good Place to Live? (2026)

Q: Is Waverly, MN affordable or expensive?

Waverly's cost of living index is 104, where 100 represents the national average. This means Waverly is 4% more expensive than the average US city. The median home value is $270,400 and the median rent is $743 per month.

Q: What is the crime rate in Waverly, MN?

Waverly has a violent crime rate of 64.3 incidents per 100,000 residents and a property crime rate of 450.2 per 100,000. The national average violent crime rate is approximately 380 per 100,000.

Is Waverly, MN a Good Place to Live?

Waverly is a small town of 1,803 in Minnesota, with a median household income of $108,731 and a 0.4% unemployment rate. Its cost of living index is 104 (US average = 100), which is 4% above the national average.

Strengths: Waverly stands out for solid school ratings (B-).

Trade-offs: Potential downsides include longer commutes. Whether Waverly is right for you depends on your priorities — the full breakdown is below.

All Waverly city data on this page comes from official government sources — the US Census Bureau, FBI, NCES, BEA, and NOAA — updated annually.

Cost of Living

Index: 104.5

Waverly's overall cost of living index is 104.5, where 100 represents the US national average. Living in Waverly costs roughly 4% more than the average American city.

Metric	Waverly, MN	National Avg
Median Home Value	$270,400	$244,900
Median Monthly Rent	$743	$1,163
Homeownership Rate	90.2%	65.9%
Median Household Income	$108,731	$74,755

Crime & Safety

Very Safe

Waverly's violent crime rate is 64.3 per 100,000 residents — 83% lower than the national average of ~380 per 100,000.

Violent Crime

64.3 /100k

Property Crime

450.2 /100k

Vertical marker = national average. Source: FBI UCR Program.

Schools & Education

Waverly is served primarily by HOWARD LAKE-WAVERLY-WINSTED. The student-to-teacher ratio is 16.5:1 (slightly above the national average of ~16:1).

Metric	Waverly, MN	National Avg
School District	HOWARD LAKE-WAVERLY-WINSTED	—
Elementary Schools	2	—
Middle Schools	1	—
High Schools	3	—
Student/Teacher Ratio	16.5:1	16:1
Bachelor's Degree or Higher	20.6%	35.4%
High School Diploma or Higher	95.7%	91.1%

Weather & Climate

Waverly sees average highs of 23.0°F in January and 82.9°F in July, with 31.7 inches of annual precipitation and 39.8 inches of snow per year.

Metric	Waverly, MN
Average High — January	23.0°F
Average High — July	82.9°F
Annual Precipitation	31.7"
Annual Snowfall	39.8"

Demographics

Metric	Waverly, MN	National Avg
Population	1,803	—
Median Age	34.4	38.9
Unemployment Rate	0.4%	3.7%
Avg Commute Time	37.9 min	26 min
White (non-Hispanic)	89.8%	59.3%
Black or African American	1.4%	13.6%
Hispanic or Latino	4.5%	18.9%
Asian	0.2%	6.3%
Under 18	23.6%	22.2%
65 and over	5.7%	16.8%

Nearby Cities

Montrose, MN 2 mi Howard Lake, MN 5 mi Winsted, MN 8 mi Delano, MN 9 mi Watertown, MN 9 mi

ZIP Codes in Waverly

Waverly, MN is covered by 1 ZIP code:

55390

Waverly vs Other Cities

Waverly, MN vs Montrose, MN Waverly, MN vs Howard Lake, MN Waverly, MN vs Winsted, MN Waverly, MN vs Delano, MN Waverly, MN vs Watertown, MN

Frequently Asked Questions

Is Waverly, MN affordable or expensive?

Waverly's cost of living index is 104, where 100 is the national average. That puts Waverly roughly 4% above the national average in cost. The median home price is $270,400 and median rent is $743/month.

What is the crime rate in Waverly, MN?

Waverly's violent crime rate is 64.3 per 100,000 residents — the national average is ~380 per 100,000. Property crime is 450.2 per 100,000 (national avg ~2,100). Data from the FBI Uniform Crime Reporting Program.

What are the schools like in Waverly?

Public schools in Waverly are operated by HOWARD LAKE-WAVERLY-WINSTED. The district has 2 elementary, 1 middle, and 3 high schools. The student-to-teacher ratio is 16.5:1. 20.6% of adults 25+ hold a bachelor's degree or higher.

Is Waverly, MN a good place to live?

Waverly, MN has a population of 1,803, a median household income of $108,731, and an unemployment rate of 0.4%. Whether it's right for you depends on your priorities — use the compare tool above to stack it against another city you're considering.

What is the weather like in Waverly?

Waverly averages 23.0°F in January and 82.9°F in July. Annual rainfall is 31.7 inches with about 39.8 inches of snow per year. Based on NOAA 30-year climate normals (1991–2020).

What ZIP codes are in Waverly?

Waverly, MN is covered by 1 ZIP code: 55390.

What is the population of Waverly?

The population of Waverly, Minnesota is 1,803 with a median age of 34.4. Source: US Census ACS 5-Year Estimates.

What are the pros and cons of living in Waverly?

Key numbers for living in Waverly: cost of living index 104 (100 = US average), median home $270,400, median household income $108,731, crime index 19 (100 = US average, lower is safer), schools rated B-. Whether these are benefits or drawbacks depends on where you're coming from — compare Waverly side by side with your current city to see the trade-offs.