Population 2,954 · Census ACS 2020–24
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Population and households in Waterville
Household size in Waterville
| Period | Waterville | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 2.39 | 2.58 | 2.52 | 2.68 |
| 2010–14 | 2.35 | 2.61 | 2.54 | 2.73 |
| 2015–19 | 2.40 | 2.63 | 2.55 | 2.71 |
| 2020–24 | 2.32 | 2.58 | 2.52 | 2.65 |
| Change | −0.06 | −0.00 | +0.00 | −0.03 |
Waterville is a place of small households, averaging 2.32 people against 2.65 for the U.S., which points to many singles, couples and roommates and relatively few children.
Household size: the average number of people living in each occupied home. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25010).
Median age in Waterville
| Period | Waterville | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 44.8 | 36.8 | 37.9 | 37.7 |
| 2010–14 | 46.8 | 37.8 | 38.9 | 38.6 |
| 2015–19 | 44.8 | 38.6 | 39.6 | 39.6 |
| 2020–24 | 46.3 | 39.2 | 40.0 | 40.1 |
| Change | +1.5 | +2.5 | +2.1 | +2.3 |
With a median age of 46.3, Waterville is noticeably older than the country as a whole (40.1), an age mix that tilts toward empty nesters and retirees. The median age has climbed from 44.8 in 2006–10, but in a place this small, survey estimates can swing a lot from one release to the next.
Median age: the age that splits residents into two equal halves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B01002).
Single-parent households in Waterville
| Period | Waterville | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 9.4% | 10.2% | 9.9% | 12.3% |
| 2010–14 | 6.7% | 10.6% | 10.2% | 12.3% |
| 2015–19 | 6.3% | 9.9% | 9.7% | 11.6% |
| 2020–24 | 7.5% | 9.8% | 9.6% | 11.6% |
| Change | −1.9 pts | −0.4 pts | −0.3 pts | −0.6 pts |
Single-parent households are relatively rare in Waterville: 7.5% of households, against 11.6% nationally.
Single-parent households: households where one adult with no spouse present lives with children under 18. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B11003).
Housing in Waterville
Renters in Waterville
| Period | Waterville | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 15.2% | 27.3% | 25.8% | 33.3% |
| 2010–14 | 23.7% | 29.6% | 27.9% | 35.6% |
| 2015–19 | 25.5% | 30.0% | 28.4% | 36.0% |
| 2020–24 | 18.6% | 29.3% | 27.8% | 34.8% |
| Change | +3.4 pts | +2.0 pts | +2.0 pts | +1.5 pts |
Waterville is largely a place of homeowners: only 18.6% of households rent, far below the national share of 34.8%. Owner-heavy areas like this tend to see less turnover. Among homeowners, 38.8% have no mortgage at all, about the same as nationally.
Renters: occupied homes that are rented rather than owned. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25003).
Vacant homes in Waterville
| Period | Waterville | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 23.0% | 7.0% | 9.2% | 11.4% |
| 2010–14 | 23.5% | 6.2% | 9.0% | 11.4% |
| 2015–19 | 20.5% | 5.5% | 8.7% | 11.1% |
| 2020–24 | 17.6% | 5.7% | 8.3% | 9.6% |
| Change | −5.3 pts | −1.3 pts | −0.9 pts | −1.8 pts |
Vacancy is high in Waterville: 17.6% of homes are empty, far above the national rate of 9.6%. In resort and lake areas that usually means seasonal and vacation homes; elsewhere it can point to weak demand.
Vacant homes: homes with no one living in them, including vacation homes and homes for sale or rent. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25002).
Age of homes in Waterville
| Period | Waterville | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 1961 | 1975 | 1973 | 1974 |
| 2010–14 | 1962 | 1976 | 1974 | 1975 |
| 2015–19 | 1962 | 1977 | 1975 | 1977 |
| 2020–24 | 1970 | 1980 | 1978 | 1980 |
| Change | +9 | +4 | +5 | +6 |
Waterville is a place of older homes: half were built before 1970, while the national median is 1980. That means established neighborhoods, and more houses that may need updating.
Age of homes: the year that splits the housing stock into older and newer halves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25035).
Rent in Waterville
| Period | Waterville | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | $607 | $1,007 | $882 | $965 |
| 2010–14 | $654 | $1,077 | $953 | $1,040 |
| 2015–19 | $725 | $1,258 | $1,099 | $1,213 |
| 2020–24 | $894 | $1,603 | $1,404 | $1,571 |
| Change | +$287 | +$597 | +$522 | +$606 |
Rent in Waterville runs $894 a month at the median, utilities included, well below the U.S. median of $1,571. Rent takes 29.8% of the typical renter's income, just under the 30% mark often used to define affordable rent.
Rent: monthly rent plus the utilities renters pay themselves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25064).
Education in Waterville
Bachelor's degrees in Waterville
| Period | Waterville | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 21.4% | 37.2% | 32.1% | 28.4% |
| 2010–14 | 19.7% | 39.1% | 33.7% | 29.6% |
| 2015–19 | 23.5% | 41.8% | 36.2% | 32.1% |
| 2020–24 | 24.5% | 45.4% | 39.6% | 35.6% |
| Change | +3.0 pts | +8.1 pts | +7.4 pts | +7.2 pts |
College degrees are relatively uncommon in Waterville: 24.5% of adults 25 and older hold a bachelor's or higher, well below the national share of 35.6%.
Bachelor's degrees: adults 25 and older with a bachelor's degree or higher. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B15003).
High school graduates in Waterville
| Period | Waterville | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 89.3% | 92.4% | 91.4% | 84.9% |
| 2010–14 | 90.4% | 92.9% | 92.2% | 86.1% |
| 2015–19 | 91.0% | 93.5% | 93.0% | 87.7% |
| 2020–24 | 94.6% | 94.0% | 93.7% | 89.3% |
| Change | +5.3 pts | +1.6 pts | +2.3 pts | +4.3 pts |
High school completion is high in Waterville: 94.6% of adults 25 and older have a diploma or equivalent, well above the national rate of 89.3%. The picture is much the same across the Minneapolis area.
High school graduates: adults 25 and older with a high school diploma, GED or more. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B15003).
Jobs in Waterville
| Period | Waterville | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 7.7% | 6.7% | 6.5% | 8.1% |
| 2010–14 | 7.9% | 6.8% | 6.5% | 9.4% |
| 2015–19 | 3.5% | 3.6% | 3.7% | 5.6% |
| 2020–24 | 5.6% | 4.0% | 4.1% | 5.4% |
| Change | −2.1 pts | −2.7 pts | −2.4 pts | −2.7 pts |
Unemployment in Waterville is close to the national rate: 5.6% of the labor force, against 5.4%. The rate is higher than in the wider Minneapolis area (4.0%). Because the Census pools five years of responses (2020–24), these rates smooth over short swings and lag the current job market.
Unemployment: people looking for work as a share of everyone working or looking. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B23025).
Waterville compared with nearby cities
| City | Household size | Median age | Single parents | Renters | Vacant homes | Median year built | Median rent | Bachelor's degree | High school diploma | Unemployment |
|---|---|---|---|---|---|---|---|---|---|---|
| Waterville | 2.32 | 46.3 | 7.5% | 18.6% | 17.6% | 1970 | $894 | 24.5% | 94.6% | 5.6% |
| Elysian | 2.30 | 47.0 | 7.0% | 11.6% | 25.6% | 1983 | $1,041 | 30.8% | 96.3% | 4.5% |
| Morristown | 2.53 | 41.6 | 8.6% | 19.3% | 7.5% | 1966 | $1,050 | 17.0% | 90.1% | 3.8% |
| Kilkenny | 2.55 | 48.6 | 3.7% | 5.4% | 18.4% | 1974 | $1,210 | 22.0% | 95.0% | 4.0% |
| Janesville | 2.52 | 41.7 | 11.7% | 11.7% | 8.4% | 1969 | $858 | 23.6% | 94.1% | 2.8% |
| Warsaw | 2.42 | 51.8 | 4.0% | 7.0% | 15.1% | 1976 | $1,296 | 24.8% | 95.6% | 2.0% |
| Waseca | 2.39 | 39.0 | 12.1% | 24.4% | 4.8% | 1966 | $1,004 | 19.3% | 93.1% | 2.9% |
| Smiths Mill | 2.44 | 47.9 | 3.7% | 18.5% | 8.4% | 1978 | $864 | 34.5% | 96.5% | 1.7% |
| Madison Lake | 2.54 | 39.9 | 8.1% | 27.0% | 18.3% | 1990 | $1,096 | 40.1% | 97.8% | 3.5% |
| Shieldsville | 2.50 | 50.7 | 5.3% | 10.7% | 30.8% | 1973 | $1,303 | 34.3% | 94.8% | 1.7% |
| Marysburg | 2.65 | 44.3 | 6.1% | 9.0% | 28.4% | 1985 | $1,013 | 41.3% | 98.4% | 5.0% |
All figures 2020–24.
Cities with similar populations: Babson Park, FL · Whitesburg, TN · Whitehall, MT · Trenton, NC · Thompson Falls, MT · Thomaston, NY · Stockton, IL · Steep Falls, ME · South Nyack, NY · Sebree, KY
About these numbers
Every figure on this page is a BestNeighborhood calculation from the Census Bureau's American Community Survey (ACS), built up from the Census block groups that make up Waterville. Each ACS 5-year release pools five years of responses; this page shows the last 15 releases, 2006–10 through 2020–24. Neighboring releases share four of their five years, so they move gradually and small changes between them are within the survey's margin of error; in small places the lines can jump from one release to the next for the same reason. The maps show the same measures for each neighborhood, ranked against the whole country.
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