At a Glance
Median Income
$58,875
$33,726 per capita
Home Value
$163,000
Zillow: $159,518
Median Rent
$1,031/mo
22.7% of income on rent
Bachelor's Degree+
18.9%
89.8% high school+
Unemployment
10.1%
12.6% poverty rate
Obesity Rate
37.1%
27.6% smoking rate
How Waterford Compares to the U.S. Average
Each bar shows Waterford's value as a percentage of the national average (100% = U.S. avg)
Thin vertical line = U.S. national average (100%)
Is Waterford a Good Place to Live?
B
3.4 / 5.0 - Good
Based on economy, affordability, safety, and education metrics compared to national averages.
Economy & Jobs
Waterford residents earn a median household income of $58,875 , which is 22% below the national average of $75,149.
Per capita income is $33,726. The unemployment rate stands at 10.1% (181% above the U.S. rate of 3.6%). 12.6% of residents live below the poverty line. The area is home to 910 business establishments, including 71 restaurants.
Housing & Cost of Living
The median home value in Waterford is $163,000 , 42% below the national median of $281,900.
Zillow estimates the typical home at $159,518. Median rent is $1,031/month, with 22.7% of renters spending more than 30% of income on housing. The cost of living index is 97.6 (100 = national average). The median home was built in 1961.
Education
18.9% of adults in Waterford hold a bachelor's degree or higher
(44% below the national average).
89.8% have completed high school. Local schools score 5.6/10 in standardized testing.
Climate & Weather
Waterford has an average annual temperature of 47°F (8°C).
Winters average 24°F in January while summers reach 69°F in July. Annual precipitation totals 49.0 inches.
Data Overview
People
Population1,254
Median Age48.3 yrs
Density1,020/mi²
Male / Female46% / 54%
Foreign Born1.1%
Veterans9.3%
Economy
C+
Median Income$58,875
Per Capita$33,726
Unemployment10.1%
Poverty12.6%
County GDP$1,726M
Avg Weekly Wage$1,000
Housing
A+
Home Value$163,000
Rent$1,031
Ownership51.7%
Zillow$159,518
Housing Units640
Rent Burden22.7%
Health
Obesity37.1%
Diabetes11.5%
Smoking27.6%
Heart Disease7.4%
Premature Death9,023/100K
Climate
Avg Temp47°F
Rain49.0 in/yr
Elevation1,213 ft
Education
C+
Bachelor's+18.9%
High School+89.8%
Graduate+6.4%
School Score5.6/10
Community
2024 VoteR 69% / D 30%
Commute31 min
Broadband91.0%
Internet Speed70 Mbps
EV Stations3
Libraries5
Did You Know?
Waterford was founded in 1795.
The median home in Waterford was built in 1961.
The nearest airport is Erie International/Tom Ridge Field (14 miles).
The Gini coefficient (income inequality) is 0.420 (U.S. avg: 0.490).
Natural hazard risk is rated "Relatively Low" by FEMA.
11.9% of the population has a disability.
The county recorded 7 fatal vehicle crashes.