Waterford Town, CT demographics:
population, income, and more

Total population
3,304
-5.5% year-over-year change
Median household income
$73,156/yr
-3.7% year-over-year change
Housing units
1,676
0.3% year-over-year change

Waterford population

How many people live in Waterford

Waterford is home to 3,304 residents, according to the most recent Census data. Gender-wise, 47.6% of Waterford locals are male, and 52.4% are female.

Total population
3,304
-5.5% year-over-year change
Gender ratio
Male
47.6%
1,572
Female
52.4%
1,732
Value Percent YoY change
Male 1,572 47.6% -3.7%
Female 1,732 52.4% -7.1%
A higher population often means more rental variety and livelier areas. The gender balance—how many men live here compared to women—can reveal a lot about the community and the lifestyles of its residents. Use this info to get a sense of the area's pace and personality.

Age demographics

The median age in Waterford is 45, with the population distributed as follows: about 13.3% are children under 15, then 11.6% are in the 15 to 24 age group. Adults between 25 and 44 make up 25.7% of the population, while another 26.2% fall into the 45 to 64 bracket. Finally, around 23.2% are 65 or older.

Median age
44.8
Age breakdown
Under 15
13.3%
15 to 24
11.6%
25 to 44
25.7%
45 to 64
26.2%
Over 65
23.2%
Value Percent YoY change
Under 15 440 13.3% -1.1%
15 to 24 385 11.6% 24.2%
25 to 44 850 25.7% -12.6%
45 to 64 864 26.2% -9.1%
Over 65 765 23.2% -6.5%
The age composition helps you get insight into who lives in the area. A younger population might mean a more active, fast-paced vibe, while an older one could suggest a quieter, slower lifestyle. If there's a balanced makeup, you’re likely to find a variety of services, housing types, and community spaces that cater to different life stages.

Racial makeup

In Waterford, 87.9% of the population are US-born citizens, while 7.1% have gained naturalized citizenship. At the same time, 5% of residents are non-citizens. As for race, 65.5% of locals are Caucasian, 6.8% are African American and 5.7% have Asian roots. There’s also a share of 18.2% that includes residents with two or more races.

Citizenship
U.S.-born citizens
87.9%
Non-U.S.-born citizens
7.1%
Non-citizens
5%
Value Percent YoY change
U.S.-born citizens 2,903 87.9% -11.8%
Non-U.S.-born citizens 235 7.1% 53.6%
Non-citizens 166 5% 232.0%
Racial breakdown
White
65.5%
Black or African American
6.8%
American Indian and Alaska Native
1.6%
Asian
5.7%
Native Hawaiian and other Pacific Islander
0%
Two or more races
18.2%
Other
2.3%
Value Percent
White 2,163 65.5%
Black or African American 223 6.8%
American Indian and Alaska Native 52 1.6%
Asian 189 5.7%
Two or more races 601 18.2%
Other 76 2.3%

Households in Waterford

A peek inside Waterford households

Waterford has 1,625 households, with an average of 2 members in each. Of these, 51.4% are families, while the remaining 48.6% are made up of individuals living alone or with non-relatives, such as roommates.

Households stats

Total households
1,625
0.9% year-over-year change
Average people per household
2
Non-family households
789
Family households
836
Value Percent YoY change
Non-family households 789 48.6% 6.5%
Family households 836 51.4% -3.8%
The mix between family and non-family households gives a glimpse into daily life. A higher percentage of families might mean more parks and schools, while more non-family setups can mean flexible housing and diverse living styles. For renters, this can signal what kinds of homes are common and can help you figure out if the area matches your lifestyle.

Housing in Waterford

The housing landscape of Waterford

Waterford's housing consists of 1,676 units, with 59.1% being detached single-family homes ideal for those wanting space. Attached options, including duplexes and townhouses, make up 7% and offer a more compact, shared living style. Then there are the multifamily buildings in the area, and for those seeking flexibility, non-traditional options like mobile homes account for 11.3% of the housing landscape.

Housing units
1,676
0.3% year-over-year change
Housing types
Value Percent
1 unit, detached 991 59.1%
1 unit, attached 117 7%
2 units 52 3.1%
3 or 4 units 30 1.8%
5 to 9 units 86 5.1%
10 to 19 units 39 2.3%
20 to 49 units 80 4.8%
50 or more units 91 5.4%
Mobile home 190 11.3%
Homes built since 2020
41
156.2% year-over-year change

The age of buildings in Waterford

In Waterford, the median construction year is 1968. About 16% of homes were built before the 1940s, with another 3.8% going up by 1949. Most development happened in the second half of the 20th century. Then, 8.2% of homes were added from 2000 to 2009, 4.3% between 2010 and 2019, and 2.4% are part of the newest wave of development.

Construction year breakdown by decade
Value Percent YoY change
Built in 1939 or earlier 268 16% 20.2%
Built between 1940 and 1949 63 3.8% -7.3%
Built between 1950 and 1959 304 18.1% -8.7%
Built between 1960 and 1969 242 14.4% -22.4%
Built between 1970 and 1979 87 5.2% -6.5%
Built between 1980 and 1989 280 16.7% 3.7%
Built between 1990 and 1999 181 10.8% -2.2%
Built between 2000 and 2009 138 8.2% 11.3%
Built between 2010 and 2019 72 4.3% 53.2%
Built in 2020 or later 41 2.4% 156.2%
As a renter, knowing when homes were built helps you understand the potential condition and design of rental units. Newer builds may have more contemporary layouts, while older homes can offer character or larger lots, depending on the area.

Waterford occupancy rates

Out of the 1,625 occupied housing units in Waterford, 66.9% are owner-occupied, while 33.1% are lived in by tenants. Meanwhile, 3% of all homes on the local market sit vacant.

Occupied housing units
1,625
0.9% year-over-year change
Occupancy breakdown
Renter occupied
538
Owner occupied
1,087
Value Percent YoY
change
Renter occupied 538 33.1% 6.5%
Owner occupied 1,087 66.9% -1.6%
Unoccupied housing units
3.0%
Unoccupied housing units refer to homes that are currently without residents—whether they're waiting for renters or owners, used seasonally, or simply unclaimed. A higher share of empty homes may mean more housing availability, while a low number can reflect a tighter market with more competition. This, along with the renter-vs.-owner mix, helps paint a clearer picture of what types of housing and services are likely to be available in the area.

Waterford housing costs

Housing costs in Waterford come to a median of $1,518 per month, while tenants specifically pay a median gross rent of $1,668.

Median housing costs per month
$1,518/month
This figure sums up typical monthly housing costs for all households in the area. If you own, it includes mortgage payments in addition to property taxes, insurance and HOA fees. If you rent, it accounts for rent plus extras like utilities. It’s useful for seeing how local living expenses stack up compared to other places.
Median gross rent in Waterford
$1,668/month
Gross rent gives a more complete look at what renters actually pay, including not just base rent, but also utilities and fees. It’s a key number for evaluating rental affordability in your area of interest and understanding how it compares to nearby locations.

Education in Waterford

Waterford education at a glance

About 45.8% of the population in Waterford went to high school, while 15.8% pursued college studies. Another 8.6% earned an associate degree and 14.7% hold a bachelor’s. Meanwhile, 13.6% went even further, earning a master’s or doctorate.

Education level
Value Percent YoY change
No high school 41 1.5% -24.1%
High school diploma 1,248 45.8% 4.5%
College diploma 430 15.8% -37.9%
Associate degree 233 8.6% -10.0%
Bachelor's degree 399 14.7% 16.3%
Graduate degree 371 13.6% -7.9%
A community’s education mix can offer insights into the local economy and housing market. Higher levels of education often align with more job opportunities and stable incomes, which can increase demand for homes and influence both rent prices and rental availability.

Income in Waterford

How much people earn in Waterford

The average annual household income in Waterford was $83,263 in 2024, the most recent annual data available, according to the U.S. Census Bureau. This marked a -12.5% change from the previous year. At the same time, the median income stood at $73,156, reflecting a -3.7% shift over the same period.

Average household income in Waterford
$83,263/year
-12.5% year-over-year change
Median household income in Waterford
$73,156/year
-3.7% year-over-year change

Waterford income by age

In Waterford, households led by residents aged 25 to 44 — usually in the early to mid stages of their careers — have a median income of $94,215. Those with someone between 45 and 64 in charge, often well established professionally, earn $69,485 overall. Younger households, where the main provider is under 25 and just starting out, report a median income of $82,000, while those led by someone over 65, many of whom may be retired, have about $48,671 in earnings. Overall, 93% of the locals in this community live above the poverty line.

Income breakdown by age
Value YoY change
Under 25 $82,000 0.1%
25 - 44 $94,215 -5.2%
45 - 64 $69,485 -7.8%
Over 65 $48,671 3.8%
Above poverty level
2,987
Below poverty level
225
Value Percent YoY
change
Above poverty level 2,987 93% -6.0%
Below poverty level 225 7% -0.9%

Average renter income in Waterford

To get a better sense of what renters earn on average in Waterford, their median household income was $71,250 according to 2022 Census data. In addition, the rent-to-income ratio in the area, at 28.1%, shows what portion of their earnings goes toward housing expenses.

Renter median household income
$71,250
Rent-to-income ratio
28.1%
Understanding the rent-to-income ratio can help renters gauge if local housing costs align with their earnings. A ratio under 30% usually signals affordability, while exceeding this mark means rent is taking a larger-than-recommended bite out of income. That could make it harder for you to cover other costs like transportation, healthcare, or child care.

Employment in Waterford

Workforce and job types in Waterford

The job market in Waterford is powered by 1,579 working residents, spread across a range of industries and roles. 70.9% of the working population are employed in professional or administrative positions, while 29.1% are in hands-on or service-based jobs. Also, 6.5% run their own businesses, 74.5% are employed by private companies, and 12.4% work in the public sector.

Workforce demographics

Working population
1,579
-8.0% year-over-year change
White collar
1,120
Blue collar
459
Value Percent YoY change
White collar 1,120 70.9% -17.5%
Blue collar 459 29.1% 27.9%
Employer type
Self employees
6.5%
Private companies
74.5%
Governmental workers
12.4%
Not for profit companies
6.6%
Value Percent YoY change
Self employees 103 6.5% 2.0%
Private companies 1,177 74.5% -1.9%
Governmental workers 195 12.4% -24.1%
Not for profit companies 104 6.6% -34.6%
Unemployment rate
6.2%
-28.3% year-over-year change

Available workforce

The unemployment rate in Waterford stands at 6.2%, representing the share of the workforce currently without a job and actively looking for one.

For renters, the unemployment rate helps paint a picture of job security and financial stability in the area. Rates around 4% to 5% are considered typical. A lower-than-average rate might suggest strong job prospects and a thriving local economy, while a higher rate could hint at fewer opportunities—both useful to consider when planning a move.

Transportation in Waterford

How people get around in Waterford

Means of transportation
Value Percent YoY change
Car 1,430 90.8% -2.5%
Bus or trolleybus 16 1% 0.0%
Motorcycle 23 1.5% -52.1%
Understanding how locals get to work can help you plan your own routine. High car usage might mean you’ll need a vehicle, while strong public transit or walkability could save you the hassle. Commute times also play a big role in quality of life—shorter trips can give you more time for the things you enjoy.

What is the median and average household income in Waterford by zipcode?

Zipcode Population Number of households Median income Average income
06385 15,966 6,755 $100,484 $125,655
06375 3,670 1,378 $111,833 $142,300

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FAQs about Waterford demographics 

What is the total population of Waterford?

Waterford has a total population of 3,304 residents, according to the latest release from the U.S. Census Bureau: the 2019-2023 American Community Survey (ACS) 5-year estimates. This figure changed by -5.5% compared to a year ago.

What is the gender ratio in Waterford?

The gender ratio in Waterford is as follows:
  • 47.6% males (1,572 residents)
  • 52.4% females (1,732 residents)

What is the median age in Waterford?

The median age in Waterford is 44.8.

What is the age distribution of the population in Waterford?

The age distribution in Waterford is as follows:
  • Under 15: 13.3% (440 residents)
  • Ages 15-24: 11.6% (385 residents)
  • Ages 25-44: 25.7% (850 residents)
  • Ages 45-64: 26.2% (864 residents)
  • Over 65: 23.2% (765 residents)

What is the racial and ethnic makeup of Waterford?

The racial and ethnic makeup of Waterford is as follows:
  • White: 65.5% (2,163 residents)
  • Black or African American: 6.8% (223 residents)
  • American Indian and Alaska Native: 1.6% (52 residents)
  • Asian: 5.7% (189 residents)
  • Native Hawaiian and Other Pacific Islander: 0% (0 residents)
  • Two or More Races: 18.2% (601 residents)
  • Other: 2.3% (76 residents)

What percentage of the population in Waterford are U.S.-born citizens?

U.S.-born citizens represent 87.9% of the population in Waterford.

How many housing units are there in Waterford?

There are 1,676 housing units in Waterford, reflecting a +0.3% change compared to the previous year, according to the latest data from the U.S. Census Bureau.

How many households are in Waterford and what is the average household size?

Waterford has a total of 1,625 households, with an average of 2 people in each.

What is the median household income in Waterford?

Waterford has a median household income of $73,156, representing a -3.7% shift from the previous year, according to the U.S. Census Bureau.

What is the employment rate and job market overview for Waterford?

The employment rate is 93.8% in Waterford, with a workforce of 1,579 residents. Here’s a detailed breakdown of the local job market:

Job types:
  • White-collar workers: 70.9% (1,120 residents)
  • Blue-collar workers: 29.1% (459 residents)

Places of employment:
  • Self-employed: 6.5% (103 residents)
  • Private companies: 74.5% (1,177 residents)
  • Governmental workers: 12.4% (195 residents)
  • Not-for-profit companies: 6.6% (104 residents)

Data source & methodology

The demographic data on this page was sourced from the latest U.S. Census Bureau release—the 2019–2023 American Community Survey (ACS) 5-year estimates.

The information, issued annually, is compiled and published by the Point2Homes Research Team as soon as new data becomes available.

No representation, guarantee, or warranty is made concerning the accuracy or completeness of modified or aggregated information for particular areas.

Page last updated: September 2025