Waveland is located in Montgomery county Indiana with a geographic area of 0.3 square miles. The total population in Waveland is 449 with 49.7% male and 50.3% female. Children under age 5 represent 6.7% of the population, under age 18 equal 34.1% of the population and over age 65 is 14.5% of the population. The median household income is $51,641, per capita income is $21,933. There are a total of 155 housing units with 88.4% owner occupied. Education includes 51.6% of residents that are high school graduates and 14.2% with a bachelor's degree or higher. The average temperature in Waveland in the summer is 73 degrees, and in the winter 29 degrees.