Waterford, MI demographics:
population, income, and more

Total population
68,319
-0.1% year-over-year change
Median household income
$74,788/yr
-1.0% year-over-year change
Housing units
31,243
0.2% year-over-year change

Waterford population

How many people live in Waterford

Waterford is home to 68,319 residents, according to the most recent Census data. Gender-wise, 48.8% of Waterford locals are male, and 51.2% are female.

Total population
68,319
-0.1% year-over-year change
Gender ratio
Male
48.8%
33,304
Female
51.2%
35,015
Value Percent YoY change
Male 33,304 48.8% -0.9%
Female 35,015 51.2% 0.6%
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 43, with the population distributed as follows: about 14.4% are children under 15, then 12.4% are in the 15 to 24 age group. Adults between 25 and 44 make up 25.8% of the population, while another 28.2% fall into the 45 to 64 bracket. Finally, around 19.2% are 65 or older.

Median age
43.2
Age breakdown
Under 15
14.4%
15 to 24
12.4%
25 to 44
25.8%
45 to 64
28.2%
Over 65
19.2%
Value Percent YoY change
Under 15 9,817 14.4% -6.0%
15 to 24 8,452 12.4% 2.7%
25 to 44 17,663 25.8% 1.0%
45 to 64 19,301 28.2% -1.7%
Over 65 13,085 19.2% 3.8%
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, 93.6% of the population are US-born citizens, while 3.9% have gained naturalized citizenship. At the same time, 2.5% of residents are non-citizens. As for race, 81.2% of locals are Caucasian, 5.8% are African American and 1.9% have Asian roots. Another 0.3% are Indigenous American, 0.1% are Pacific Islanders, while 1.6% identify as another race. There’s also a share of 9.1% that includes residents with two or more races.

Citizenship
U.S.-born citizens
93.6%
Non-U.S.-born citizens
3.9%
Non-citizens
2.5%
Value Percent YoY change
U.S.-born citizens 63,929 93.6% -0.1%
Non-U.S.-born citizens 2,652 3.9% -2.1%
Non-citizens 1,738 2.5% 2.4%
Racial breakdown
White
81.2%
Black or African American
5.8%
American Indian and Alaska Native
0.3%
Asian
1.9%
Native Hawaiian and other Pacific Islander
0.1%
Two or more races
9.1%
Other
1.6%
Value Percent
White 55,479 81.2%
Black or African American 3,988 5.8%
American Indian and Alaska Native 193 0.3%
Asian 1,293 1.9%
Native Hawaiian and other Pacific Islander 41 0.1%
Two or more races 6,236 9.1%
Other 1,088 1.6%

Households in Waterford

A peek inside Waterford households

Waterford has 29,926 households, with an average of 2 members in each. Of these, 58.9% are families, while the remaining 41.1% are made up of individuals living alone or with non-relatives, such as roommates.

Households stats

Total households
29,926
0.1% year-over-year change
Average people per household
2
Non-family households
12,304
Family households
17,621
Value Percent YoY change
Non-family households 12,304 41.1% 0.3%
Family households 17,621 58.9% 0.0%
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 31,243 units, with 75.2% being detached single-family homes ideal for those wanting space. Attached options, including duplexes and townhouses, make up 4.6% 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 0.4% of the housing landscape.

Housing units
31,243
0.2% year-over-year change
Housing types
Value Percent
1 unit, detached 23,482 75.2%
1 unit, attached 1,421 4.6%
2 units 258 0.8%
3 or 4 units 651 2.1%
5 to 9 units 1,568 5%
10 to 19 units 1,691 5.4%
20 to 49 units 736 2.4%
50 or more units 1,293 4.1%
Mobile home 134 0.4%
Boat, RV, van, etc. 9 0%
Homes built since 2020
173
98.8% year-over-year change

The age of buildings in Waterford

In Waterford, the median construction year is 1970. About 6.9% of homes were built before the 1940s, with another 6.5% going up by 1949. Most development happened in the second half of the 20th century. Then, 7.8% of homes were added from 2000 to 2009, 2.1% between 2010 and 2019, and 0.6% are part of the newest wave of development.

Construction year breakdown by decade
Value Percent YoY change
Built in 1939 or earlier 2,166 6.9% -3.8%
Built between 1940 and 1949 2,037 6.5% 2.7%
Built between 1950 and 1959 6,126 19.6% 0.7%
Built between 1960 and 1969 4,633 14.8% -2.8%
Built between 1970 and 1979 5,545 17.8% 0.7%
Built between 1980 and 1989 3,260 10.4% -8.7%
Built between 1990 and 1999 4,236 13.6% 1.8%
Built between 2000 and 2009 2,422 7.8% 6.8%
Built between 2010 and 2019 646 2.1% 31.0%
Built in 2020 or later 173 0.6% 98.8%
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 29,926 occupied housing units in Waterford, 76% are owner-occupied, while 24% are lived in by tenants. Meanwhile, 4.2% of all homes on the local market sit vacant.

Occupied housing units
29,926
0.1% year-over-year change
Occupancy breakdown
Renter occupied
7,179
Owner occupied
22,747
Value Percent YoY
change
Renter occupied 7,179 24% -1.5%
Owner occupied 22,747 76% 0.7%
Unoccupied housing units
4.2%
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 $1,225 per month, while tenants specifically pay a median gross rent of $1,113.

Median housing costs per month
$1,225/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
$1,113/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 34.5% of the population in Waterford went to high school, while 25.4% pursued college studies. Another 10.4% earned an associate degree and 19.3% hold a bachelor’s. Meanwhile, 8.6% went even further, earning a master’s or doctorate.

Education level
Value Percent YoY change
No high school 1,000 1.8% 17.6%
High school diploma 19,270 34.5% 0.6%
College diploma 14,202 25.4% -2.5%
Associate degree 5,811 10.4% 4.1%
Bachelor's degree 10,788 19.3% 3.3%
Graduate degree 4,799 8.6% -1.0%
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 $99,404 in 2024, the most recent annual data available, according to the U.S. Census Bureau. This marked a -0.4% change from the previous year. At the same time, the median income stood at $74,788, reflecting a -1% shift over the same period.

Average household income in Waterford
$99,404/year
-0.5% year-over-year change
Median household income in Waterford
$74,788/year
-1.0% 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 $77,500. Those with someone between 45 and 64 in charge, often well established professionally, earn $91,395 overall. Younger households, where the main provider is under 25 and just starting out, report a median income of $45,809, while those led by someone over 65, many of whom may be retired, have about $50,714 in earnings. Overall, 91% of the locals in this community live above the poverty line.

Income breakdown by age
Value YoY change
Under 25 $45,809 -0.7%
25 - 44 $77,500 -0.5%
45 - 64 $91,395 -0.7%
Over 65 $50,714 -6.8%
Above poverty level
61,117
Below poverty level
6,010
Value Percent YoY
change
Above poverty level 61,117 91% -0.8%
Below poverty level 6,010 9% 7.9%

Employment in Waterford

Workforce and job types in Waterford

78.4% of the working population are employed in professional or administrative positions, while 21.6% are in hands-on or service-based jobs. Also, 8.2% run their own businesses, 76.1% are employed by private companies, and 8.7% work in the public sector.

Workforce demographics

White collar
28,520
Blue collar
7,839
Value Percent YoY change
White collar 28,520 78.4% -0.8%
Blue collar 7,839 21.6% 1.8%
Employer type
Self employees
8.2%
Private companies
76.1%
Governmental workers
8.7%
Not for profit companies
7%
Value Percent YoY change
Self employees 2,994 8.2% 7.6%
Private companies 27,679 76.1% -0.0%
Governmental workers 3,153 8.7% -4.2%
Not for profit companies 2,532 7% -5.5%

Transportation in Waterford

How people get around in Waterford

In Waterford, the average commute time is 50 minutes. Commuting methods vary: 98.5% of residents travel by personal vehicle and 0.9% prefer to walk, while the remaining share relies on public transit or on two wheelers to get from A to B.

Commute time
50 min
-2.0% year-over-year change
Means of transportation
Value Percent YoY change
Car 29,732 98.5% -2.6%
Taxicab 6 0% 20.0%
Bus or trolleybus 68 0.2% -10.5%
Motorcycle 8 0% N/A
Bicycle 93 0.3% 22.4%
Walk 265 0.9% -1.5%
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
48327 20,960 9,451 $74,788 $93,935
48328 24,478 11,215 $72,299 $102,448
48329 24,715 10,086 $85,709 $104,086

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FAQs about Waterford demographics 

What is the total population of Waterford?

Waterford has a total population of 68,319 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 -0.1% compared to a year ago.

What is the gender ratio in Waterford?

The gender ratio in Waterford is as follows:
  • 48.8% males (33,304 residents)
  • 51.2% females (35,015 residents)

What is the median age in Waterford?

The median age in Waterford is 43.2.

What is the age distribution of the population in Waterford?

The age distribution in Waterford is as follows:
  • Under 15: 14.4% (9,817 residents)
  • Ages 15-24: 12.4% (8,452 residents)
  • Ages 25-44: 25.8% (17,663 residents)
  • Ages 45-64: 28.2% (19,301 residents)
  • Over 65: 19.2% (13,085 residents)

What is the racial and ethnic makeup of Waterford?

The racial and ethnic makeup of Waterford is as follows:
  • White: 81.2% (55,479 residents)
  • Black or African American: 5.8% (3,988 residents)
  • American Indian and Alaska Native: 0.3% (193 residents)
  • Asian: 1.9% (1,293 residents)
  • Native Hawaiian and Other Pacific Islander: 0.1% (41 residents)
  • Two or More Races: 9.1% (6,236 residents)
  • Other: 1.6% (1,088 residents)

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

U.S.-born citizens represent 93.6% of the population in Waterford.

How many housing units are there in Waterford?

There are 31,243 housing units in Waterford, reflecting a +0.2% 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 29,926 households, with an average of 2 people in each.

What is the median household income in Waterford?

Waterford has a median household income of $74,788, representing a -1.0% shift from the previous year, according to the U.S. Census Bureau.

What is the job market overview for Waterford?

Here’s a detailed breakdown of the local job market:

Job types:
  • White-collar workers: 78.4% (28,520 residents)
  • Blue-collar workers: 21.6% (7,839 residents)

Places of employment:
  • Self-employed: 8.2% (2,994 residents)
  • Private companies: 76.1% (27,679 residents)
  • Governmental workers: 8.7% (3,153 residents)
  • Not-for-profit companies: 7% (2,532 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