Waverly, IL Profile: Facts & Data

Waverly, Illinois - Basic Facts

The City of Waverly had a population of 1,180 as of July 1, 2024.

The primary coordinate point for Waverly is located at latitude 39.5917 and longitude -89.9529 in Morgan County. The formal boundaries for the City of Waverly encompass a land area of 1.03 sq. miles and a water area of 0 sq. miles. Morgan County is in the Central time zone (GMT -6).

The City of Waverly has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The City of Waverly is located within Waverly Number 2 Election Precinct, a minor civil division (MCD) of Morgan County.

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Waverly, IL Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	1,180 (100%)
Population in Households	1,180 (100.0%)
Population in Families	910 (77.1%)
Population in Group Quarters¹	0
Population Density	1,139
Diversity Index²	16


INCOME
Median Household Income	$58,360
Average Household Income	$82,436
% of Income for Mortgage⁴	12%
Per Capita Income	$35,489
Wealth Index⁵	68
Socioeconomic Status Index⁶	Moderate (57.1)

HOUSING
Total HU (Housing Units)	571 (100%)
Owner Occupied HU	404 (70.8%)
Renter Occupied HU	104 (18.2%)
Vacant Housing Units	63 (11.0%)
Median Home Value	$108,696
Average Home Value	$148,577
Housing Affordability Index³	186

HOUSEHOLDS
Total Households	508
Average Household Size	2.32
Family Households	322
Average Family Size	3.00

HOUSING

Total HU (Housing Units)

571 (100%)

Owner Occupied HU

404 (70.8%)

Renter Occupied HU

104 (18.2%)

Vacant Housing Units

63 (11.0%)

Median Home Value

$108,696

Average Home Value

$148,577

Housing Affordability Index³

186

HOUSEHOLDS

Total Households

508

Average Household Size

2.32

Family Households

322

Average Family Size

3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	-0.28%	-0.44%
Households	-0.73%	-0.24%
Families		-0.38%
Median Household Income		4.88%
Per Capita Income		3.53%
Owner Occupied HU		0.25%

GROWTH RATE / YEAR

2020-2024

2024-2029

Population

-0.28%

-0.44%

Households

-0.73%

-0.24%

Families

-0.38%

Median Household Income

4.88%

Per Capita Income

3.53%

Owner Occupied HU

0.25%

Waverly, IL - Peer Comparisons by Rank and Percentile

The table below compares Waverly to the other 1,462 incorporated cities, towns and CDPs in Illinois by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description	Rank	Percentile
Total Population	# 639	56th
Population Density	# 597	59th
Median Household Income	# 1098	25th
Housing Affordability Index	# 1172	80th
Per Capita Income	# 906	38th
Diversity Index	# 995	32nd

Variable Description

Rank

Percentile

Total Population

# 639

56th

Population Density

# 597

59th

Median Household Income

# 1098

25th

Housing Affordability Index

# 1172

80th

Per Capita Income

# 906

38th

Diversity Index

# 995

32nd

Illinois Census Data Comparison Tool

Waverly, IL Profile: Facts & Data

Waverly, Illinois - Basic Facts

Waverly, IL Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Waverly, IL - Peer Comparisons by Rank and Percentile

Waverly, IL - Most Popular Things to Do

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Morgan County