It is descended from Old Englishwé, which was pronounced something like way in modern English. It is related to Germanwir, Dutchwij, Frisianwy, and Danishvi.
... Demographics
As of the census of 2000, there are 5,013 people, 1,455 households, and 1,223 families residing in the town. The population density is 1,433.7/km² ...