It is descended from Old English wé, which was pronounced something like way in modern English. It is related to German wir, Dutch wij, Frisian wy, and Danish vi.
See also:
... to the United States Census Bureau, the town has a total area of 14.0 km² (5.4 mi²). 13.9 km² (5.4 mi²) of it is land and 0.1 ...