Living in Waterford, Connecticut
Cost of living, income, home prices, rent and demographics of Waterford · Census data 2020–2024
Waterford has 19,673 residents with a median age of 46. The median household income is $104,820 (9% higher than the Connecticut median), the median home value is $355,900, the median rent is $1,651/month.
Waterford at a glance
- Population
- 19,673
- Median age
- 46State: 41.1
- Median household income
- $104,820State: $95,781
- Median home value
- $355,900State: $366,900
- Median rent
- $1,651/moState: $1,488
- Homeowners
- 79.7%
- Bachelor's degree or higher
- 40.6%
- Average commute
- 22 min
Is Waterford a good place to live?
Pros: Median household income 9% higher than the Connecticut median; home values about the same as the state median; an average commute of 22 minutes; unemployment of 5.6%; a poverty rate of 4.6%.
The weather is best in June to September.
Cost of living in Waterford
Housing is the biggest part of the cost of living. In Waterford the median home value is $355,900, 7% higher than the U.S. median. Renters pay a median of $1,651 per month, which is 28.1% of household income. Homeowners with a mortgage pay $2,206 a month in housing costs.
Waterford median household income
The median household income in Waterford is $104,820 and the income per person is $54,056. 4.6% of residents live below the poverty line (Connecticut: 10%).
Housing in Waterford: homes for sale and rent
- Housing units
- 8,990
- Owner-occupied
- 79.7%
- Renter-occupied
- 20.3%
- Vacant
- 9.8%Includes seasonal homes
- Median year built
- 1968
- Average household size
- 2.38
Waterford demographics
- Population
- 19,673
- Median age
- 46
- Under 18
- 19.1%
- 65 and older
- 22.6%
- Households
- 8,106
- Foreign-born
- 6.5%
- Veterans
- 10.2%Adults 18+
Hispanic or Latino can be of any race. Population history of Waterford ›
Education in Waterford
40.6% of adults 25 and older in Waterford have a bachelor's degree or higher (Connecticut: 42.5%), and 17.1% have a graduate or professional degree.
Jobs and commute in Waterford
- Unemployment rate
- 5.6%State: 5.6%
- Average commute
- 22 minState: 27 min
- Work from home
- 10.2%
- Drive alone
- 84.1%
- Public transit
- 0.9%
- Walk to work
- 0.5%
- Homes with broadband
- 91.8%
Waterford vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Waterford | 19,673 | $104,820 | $355,900 | $1,651 |
| New London | 27,625 | $59,098 | $253,300 | $1,340 |
| Niantic | 3,123 | $81,250 | $396,000 | $1,478 |
| East Lyme | 18,721 | $105,044 | $412,600 | $1,462 |
| Groton | 9,490 | $79,577 | $306,600 | $1,250 |
| Conning Towers-Nautilus Park | 8,460 | $81,694 | $290,100 | $1,856 |
| Long Hill | 4,399 | $84,201 | $175,600 | $1,722 |
| Gales Ferry | 1,141 | $80,735 | $335,100 | $2,201 |
| Oxoboxo River | 2,782 | $69,167 | $246,200 | $1,179 |
More for people moving to Waterford
Waterford ZIP code ›Weather and climate ›Living in Waterford: FAQ
What is the median household income in Waterford, CT?
The median household income in Waterford is $104,820, 9% higher than the Connecticut median of $95,781 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Waterford?
The median home value in Waterford is $355,900, compared with $366,900 in Connecticut.
How much is rent in Waterford?
The median gross rent in Waterford is $1,651 per month, about 28.1% of household income.
Is Waterford, CT a good place to live?
Pluses: median household income 9% higher than the Connecticut median; home values about the same as the state median; an average commute of 22 minutes; unemployment of 5.6%; a poverty rate of 4.6%.
What is the median age in Waterford?
The median age in Waterford is 46 years (Connecticut: 41.1).
How long is the commute in Waterford?
The average commute to work in Waterford is 22 minutes; 10.2% of workers work from home.
What is the unemployment rate in Waterford?
The unemployment rate in Waterford is 5.6% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Waterford?
40.6% of adults in Waterford have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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