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CITY

Waterford

Connecticut · 3,304 residents · 1.888 sq mi
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The short version

Waterford has lower-than-average household income, with a median household income of $73,156. Population has declined 5% since 2023. Median home value is $282,900. With a median age of 44.8, the population is older than the US median of 38.9.

At a glance
Lower income
below the US median
US median: $82,259
Older
median age 44.8
US median: 38.9
Less educated
27% hold a bachelor's degree
US average: 36%
Stable housing
home values roughly flat, inflation adjusted
US median home: $376,019
Section 01

Population & growth

Total population
3,304
−5%since 2023
from 3,496 in 2023
2010 – 2024
Population density
1,750 / sq mi
−5%since 2023
from 1,852 / sq mi in 2023
US average: 281
Median age
44.8
−2%since 2023
from 45.7 in 2023
US average: 38.9
Population, 2010 – 2024
3K3K3K3K4K201020202024Waterford
20243K
201020202024
Section 02

Income & economy

Median household income
$73,156
−6%inflation adjusted, since 2023
from $75,968 in 2023
US average: $82,259
2010 – 2024
Per capita income
$41,588
−7%since 2023
from $44,756 in 2023
US average: $44,673
Households earning $100K+
45.4%
−6.1 ptssince 2023
from 51.5% in 2023
US average: 53.3%
Poverty rate
7.0%
+0.3 ptssince 2023
from 6.7% in 2023
US average: 12.5%
Income inequality (Gini)
0.378
−10%since 2023
from 0.421 in 2023
US average: 0.476
Workforce by industry, 2024
Retail trade21%
US avg: 9.9%
Information9.2%
US avg: 10.8%
Finance & insurance8.3%
US avg: 5.9%
Professional, scientific, technical6.1%
US avg: 5.1%
Other services3.5%
US avg: 6.7%
Wholesale trade2.7%
US avg: 6.9%
Education & health services2.2%
US avg: 0.9%
Public administration1.6%
US avg: 4.8%
Agriculture, forestry, fishing1.1%
US avg: 1.6%
Construction1.1%
US avg: 1.2%
Arts, entertainment, food1.1%
US avg: 1.9%
Transportation & warehousing0.5%
US avg: 2.2%
Manufacturing0%
US avg: 0.4%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$282,900
+12%inflation adjusted, since 2023
from $245,600 in 2023
US average: $376,019
2010 – 2024
Median gross rent
$1,668
Unchangedinflation adjusted, since 2023
from $1,618 in 2023
US average: $1,442
Owner-occupied
66.9%
−1.7 ptssince 2023
from 68.6% in 2023
33.1% rent
Vacancy rate
3.0%
−0.6 ptssince 2023
from 3.7% in 2023
US average: 10.0%
Owner cost-burdened
37.3%
+6.9 ptssince 2023
from 30.4% in 2023
US average: 22.9%
Renter cost-burdened
38.8%
−6.7 ptssince 2023
from 45.5% in 2023
US average: 47.4%
Afford Score
3.9
+20%since 2023
from 3.2 in 2023
2010 – 2024
Gentrification Score
34
RELATED:See current rent listings in Waterford on RentDataNow
Section 04

Race & ethnicity

2023
White, non-Hispanic75.2%(2,628)
Black8%(281)
Hispanic / Latino8.2%(286)
Asian3.1%(107)
Other5.5%(194)
Diversity Score52.2%(1,826)
2024
White, non-Hispanic62.9%(2,079)
Black6.6%(218)
Hispanic / Latino18.7%(618)
Asian4.6%(151)
Other7.2%(238)
Diversity Score69.7%(2,302)
Diversity Score
70
+33%since 2023
from 52 in 2023
2010 – 2024
Section 05

Education

Bachelor's degree or higher
27.3%
+1.8 ptssince 2023
from 25.5% in 2023
US average: 35.6%
High school or higher
95.9%
+0.4 ptssince 2023
from 95.5% in 2023
US average: 89.6%
Graduate degree
15.0%
+0.3 ptssince 2023
from 14.7% in 2023
US average: 14.0%
Section 06

Commute & transportation

Average commute
21.8 min
−28%since 2023
from 30.1 min in 2023
US average: 26.5
Drive alone to work
83.1%
+1.2 ptssince 2023
from 82.0% in 2023
US average: 68.9%
Carpooled to work
7.7%
+3.2 ptssince 2023
from 4.5% in 2023
US average: 8.5%
Public transit
1.0%
+0.1 ptssince 2023
from 0.9% in 2023
US average: 3.2%
Worked from home
6.7%
+0.7 ptssince 2023
from 6.0% in 2023
US average: 15.0%
Walked to work
0.0%
−2.9 ptssince 2023
from 2.9% in 2023
US average: 2.4%
Biked to work
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 0.4%
No vehicle available
13.6%
−3.1 ptssince 2023
from 16.7% in 2023
US average: 8.3%
Section 07

Work & employment

Unemployment rate
6.2%
−1.6 ptssince 2023
from 7.8% in 2023
US average: 5.2%
Labor force participation
61.0%
−1.7 ptssince 2023
from 62.6% in 2023
US average: 63.5%
Self-employed
10.1%
−4.2 ptssince 2023
from 14.3% in 2023
US average: 13.1%
Management & professional
42.6%
−1.8 ptssince 2023
from 44.4% in 2023
US average: 42.5%
Section 08

People & community

Male
47.6%
+0.9 ptssince 2023
from 46.7% in 2023
Female
52.4%
−0.9 ptssince 2023
from 53.3% in 2023
Foreign born
9.7%
+5.6 ptssince 2023
from 4.2% in 2023
US average: 14.1%
Veterans
8.0%
−1.3 ptssince 2023
from 9.3% in 2023
US average: 6.2%
With a disability
20.1%
+2.1 ptssince 2023
from 18.0% in 2023
US average: 13.3%
Uninsured
5.0%
+3.6 ptssince 2023
from 1.4% in 2023
US average: 8.4%
Broadband at home
92.1%
+1.1 ptssince 2023
from 91.0% in 2023
US average: 91.0%
English only at home
83.0%
−10.0 ptssince 2023
from 93.0% in 2023
US average: 77.7%
Spanish at home
10.6%
+7.8 ptssince 2023
from 2.8% in 2023
US average: 13.6%
Drill deeper

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Frequently asked

How many people live in Waterford, Connecticut?

Waterford, Connecticut has about 3,304 residents according to the 2024 American Community Survey.

What is the median household income in Waterford, Connecticut?

The typical household in Waterford, Connecticut earns about $73,156 a year. Half of households make more than that, and half make less.

Is Waterford, Connecticut expensive?

In Waterford, Connecticut, the median home is worth about $282,900, and the typical rent is about $1,668 a month.

How educated are people in Waterford, Connecticut?

About 27.3% of adults age 25 and over in Waterford, Connecticut hold a bachelor's degree or higher.

What is the poverty rate in Waterford, Connecticut?

About 7.0% of people in Waterford, Connecticut live below the federal poverty line.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

How we source and harmonize this data →