Water Valley is a very small city located in the state of Mississippi. With a population of 3,409 people and two associated neighborhoods, Water Valley is the 88th largest community in Mississippi.

Being a small city, Water Valley does not have a public transit system used by locals to get to and from work.

The citizens of Water Valley are slightly better educated than the national average of 21.84% for all cities and towns, with 23.14% of adults in Water Valley having a bachelor's degree or advanced degree.

The per capita income in Water Valley in 2022 was $25,436, which is middle income relative to Mississippi, and low income relative to the rest of the US. This equates to an annual income of $101,744 for a family of four. However, Water Valley contains both very wealthy and poor people as well.

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

The most common language spoken in Water Valley is English. Other important languages spoken here include Spanish and Italian.