Waverly is a very small town located in the state of Virginia. With a population of 1,942 people and two associated neighborhoods, Waverly is the 223rd largest community in Virginia.

Telecommuters are a relatively large percentage of the workforce: 11.84% of people work from home. While this number may seem small overall, as a fraction of the total workforce it is high relative to the nation. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.

One downside of living in Waverly, however, is that residents on average have to contend with a long commute, spending on average 35.11 minutes every day commuting to work.

Being a small town, Waverly does not have a public transit system used by locals to get to and from work.

The education level of Waverly citizens is a little higher than the average for US cities and towns: 21.42% of adults in Waverly have at least a bachelor's degree.

The per capita income in Waverly in 2022 was $31,738, which is lower middle income relative to Virginia, and middle income relative to the rest of the US. This equates to an annual income of $126,952 for a family of four. However, Waverly contains both very wealthy and poor people as well.

Waverly is a very ethnically-diverse town. The people who call Waverly home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Waverly residents report their race to be Black or African-American, followed by White. Important ancestries of people in Waverly include African, English, Irish, German, and French.

The most common language spoken in Waverly is English. Other important languages spoken here include Italian and Polish.