Living in Waterford, Maine
Cost of living, income, home prices, rent and demographics of Waterford · Census data 2020–2024
Waterford has 1,295 residents with a median age of 54.3. The median household income is $66,071 (12% lower than the Maine median), the median home value is $273,800, the median rent is $870/month.
Waterford is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Waterford at a glance
- Population
- 1,295
- Median age
- 54.3State: 44.8
- Median household income
- $66,071State: $74,733
- Median home value
- $273,800State: $296,600
- Median rent
- $870/moState: $1,139
- Homeowners
- 88.2%
- Bachelor's degree or higher
- 30.5%
- Average commute
- 34 min
Is Waterford a good place to live?
Pros: Home values 8% lower than the state median; unemployment of 1.9%.
Cons: Median household income 12% lower than the Maine median; an average commute of 34 minutes; a poverty rate of 16.4%.
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 $273,800, 18% lower than the U.S. median. Renters pay a median of $870 per month, which is 26.1% of household income. Homeowners with a mortgage pay $1,446 a month in housing costs.
Waterford median household income
The median household income in Waterford is $66,071 and the income per person is $55,888. 16.4% of residents live below the poverty line (Maine: 10.7%).
Housing in Waterford: homes for sale and rent
- Housing units
- 1,003
- Owner-occupied
- 88.2%
- Renter-occupied
- 11.8%
- Vacant
- 41.8%Includes seasonal homes
- Median year built
- 1982
- Average household size
- 2.22
41.8% of homes are vacant most of the year, a sign that Waterford has many vacation and second homes.
Waterford demographics
- Population
- 1,295
- Median age
- 54.3
- Under 18
- 12.9%
- 65 and older
- 27.7%
- Households
- 584
- Foreign-born
- 1.5%
- Veterans
- 7.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Waterford ›
Education in Waterford
30.5% of adults 25 and older in Waterford have a bachelor's degree or higher (Maine: 36.2%), and 10.3% have a graduate or professional degree.
Jobs and commute in Waterford
- Unemployment rate
- 1.9%State: 3.8%
- Average commute
- 34 minState: 25 min
- Work from home
- 18.8%
- Drive alone
- 71%
- Public transit
- 0%
- Walk to work
- 0.7%
- Homes with broadband
- 89.2%
Waterford vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Waterford | 1,295 | $66,071 | $273,800 | $870 |
| Norway | 5,228 | $54,342 | $215,800 | $770 |
| Sweden | 537 | $73,750 | $311,300 | $1,667 |
| Harrison | 2,513 | $56,938 | $249,300 | $885 |
| Lovell | 1,353 | $80,625 | $295,000 | $1,419 |
| Stoneham | 271 | $63,750 | $226,200 | $1,125 |
| South Paris | 2,210 | $55,074 | $219,700 | $528 |
| Greenwood | 781 | $76,146 | $228,700 | $1,263 |
| Bridgton | 5,642 | $77,500 | $316,600 | $1,188 |
More for people moving to Waterford
Waterford ZIP code ›Weather and climate ›Living in Waterford: FAQ
What is the median household income in Waterford, ME?
The median household income in Waterford is $66,071, 12% lower than the Maine median of $74,733 (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 $273,800, compared with $296,600 in Maine.
How much is rent in Waterford?
The median gross rent in Waterford is $870 per month, about 26.1% of household income.
Is Waterford, ME a good place to live?
Pluses: home values 8% lower than the state median; unemployment of 1.9%. Minuses: median household income 12% lower than the Maine median; an average commute of 34 minutes; a poverty rate of 16.4%.
What is the median age in Waterford?
The median age in Waterford is 54.3 years (Maine: 44.8).
How long is the commute in Waterford?
The average commute to work in Waterford is 34 minutes; 18.8% of workers work from home.
What is the unemployment rate in Waterford?
The unemployment rate in Waterford is 1.9% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Waterford?
30.5% 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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