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The labor force participation rate in Waverly is 66%, with an unemployment rate of 5.2%. For those in the labor pool, the average commute time is 18.3 minutes. 14.8% of Waverly’s population have a grad diploma, and 24.1% posses a bachelors degree. For everyone without a college degree, 36.1% have at least some college, 21% have a high school diploma, and just 4% possess an education significantly less than high school. 4.2% are not covered by medical insurance.
Waverly, Michigan is located in Eaton county, and includes a residents of 24201, and is part of the more metro region. The median age is 40.2, with 8.6% regarding the populace under 10 many years of age, 9.2% between ten-nineteen years old, 17.7% of residents in their 20’s, 14.1% in their 30's, 10.2% in their 40’s, 12.7% in their 50’s, 13.8% in their 60’s, 7.5% in their 70’s, and 6.2% age 80 or older. 47.2% of citizens are male, 52.8% women. 46.5% of citizens are recorded as married married, with 14.7% divorced and 32.9% never married. The percentage of people recognized as widowed is 5.9%.
The typical family unit size in Waverly, MI is 2.86 residential members, with 53.5% being the owner of their own dwellings. The mean home value is $164002. For individuals paying rent, they pay out an average of $919 monthly. 53.3% of households have 2 incomes, and a median household income of $63362. Average income is $35600. 8.6% of inhabitants live at or beneath the poverty line, and 17.6% are considered disabled. 7.1% of residents of the town are former members of the armed forces.