| Index | Waveland | Indiana | National |
| Average Test Scores | n/a | 46% | 48% |
| Student/Teacher ratio | n/a | 22:1 | 16:1 |
| Total public schools | n/a | 1,755 | 79,221 |
| Total private schools | n/a | 675 | 24,874 |
| Total post-secondary schools | n/a | 141 | 7,963 |

| Index | Waveland | Indiana | National |
| Completed 8th grade | 84.0% | 84.6% | 84.3% |
| Completed high school | 80.2% | 82.9% | 83.0% |
| Completed some college | 36.8% | 53.8% | 59.4% |
| Completed associate degree | 18.4% | 33.0% | 38.5% |
| Completed bachelors | 12.7% | 24.6% | 30.3% |
| Completed masters | 3.8% | 8.9% | 11.5% |
| Completed professional degree | 0.0% | 2.4% | 3.3% |
| Completed doctorate | 0.0% | 1.0% | 1.3% |
There are a total of n/a public schools, n/a private schools and n/a post-secondary schools in Waveland. Using the proficiency score averages, the average test scores for Waveland, IN schools is n/a. The average student to teacher ratio is n/a. In Waveland, IN, an average of 84.0% of students have completed 8th grade and an average of 80.2% have completed high school.
| City | Population | Avg. Test Scores | National Avg. |
| Ladoga, IN | 1,316 | 67% | 39.6% |
| New Market, IN | 653 | 60% | 24.0% |
| Roachdale, IN | 712 | 59% | 23.6% |
| Bainbridge, IN | 710 | 58% | 19.8% |
| Crawfordsville, IN | 16,427 | 44% | 8.0% |
| Waveland, IN | 459 | n/a |
| City | Population | Avg. Test Scores | National Avg. |
| Laketon, IN | 459 | 48% | 1.0% |
| Arlington, OR | 459 | 50% | 3.1% |
| Broadus, MT | 459 | 41% | 15.3% |
| Gilman, WI | 459 | 31% | 35.9% |
| South Heart, ND | 459 | 51% | 5.7% |
| Waveland, IN | 459 | n/a |