Waterford, MI Demographics

What is the population of Waterford?

There are 68,624 residents in Waterford, with a median age of 42.1. Of this, 49.72% are males and 50.28% are females. US-born citizens make up 93.29% of the resident pool in Waterford, while non-US-born citizens account for 3.97%. Additionally, 2.74% of the population is represented by non-citizens. A total of 61,395 people in Waterford currently live in the same house as they did last year.
Y-o-Y Change
Total Population 68,624 -0.2%
Male Population 34,120 0.6%
Female Population 34,503 -0.9%
Male Population 49.72%
Female Population 50.28%
Y-o-Y Change
Median Age 42.1 0.5%
Citizen U.S. Born 64,018 -0.2%
Citizen not U.S. Born 2,724 -1.5%
Not Citizen 1,882 0.5%
Citizen U.S. Born 93.29%
Citizen not U.S. Born 3.97%
Not Citizen 2.74%
Y-o-Y Change
Moved from Abroad 69 -48.5%
Moved from Same County 4,484 -10.0%
Moved from Same State 1,427 -2.8%
Moved from Different State 441 10.2%
Same House as Last Year 61,395 0.8%
Moved from Abroad 0.1%
Moved from Same County 6.61%
Moved from Same State 2.1%
Moved from Different State 0.65%
Same House as Last Year 90.53%

What are the employment statistics in Waterford?

White-collar workers make up 77.87% of the working population in Waterford, while blue-collar employees account for 22.13%. There are also 2,646 entrepreneurs in Waterford (7.28% of the workforce); 27,863 workers employed in private companies (76.65%); and 3,301 people working in governmental institutions (9.08%).
Y-o-Y Change
White Collar 28,307 0.2%
Blue Collar 8,045 1.2%
White Collar 77.87%
Blue Collar 22.13%
Y-o-Y Change
Self Employees 2,646 -9.5%
Private Companies 27,863 1.3%
Governmental Workers 3,301 1.2%
Not for Profit Companies 2,543 1.5%
Self Employees 7.28%
Private Companies 76.65%
Governmental Workers 9.08%
Not for Profit Companies 7%

How many households are there in Waterford?

There are a total of 29,735 households in Waterford, each made up of around 2 members. Family establishments represent 59.45% of these Waterford households, while non-family units account for the remaining 40.55%. Additionally, 24.46% of households have children and 75.54% of households are without children.
Y-o-Y Change
Total households 29,735 0.4%
Average People per Household 2 N/A
Family Households 17,676 -0.4%
Non-Family Households 12,059 1.5%
Family Households 59.45%
Non-Family Households 40.55%
Y-o-Y Change
Households with Children 7,272 -2.1%
Households without Children 22,463 1.2%
Households with Children 24.46%
Households without Children 75.54%

What are the median and average incomes in Waterford?

The average annual household income in Waterford is $96,342, while the median household income sits at $72,336 per year. Residents aged 25 to 44 earn $79,464, while those between 45 and 64 years old have a median wage of $87,299. In contrast, people younger than 25 and those older than 65 earn less, at $43,220 and $52,996, respectively.
Y-o-Y Change
Average Household Income $96,342 10.5%
Median Household Income $72,336 13.0%
People below Poverty Level -2 N/A
People above Poverty Level 61,442 0.2%

How many homeowners and renters are there in Waterford?

There are 31,221 housing units in Waterford, and the median year in which these properties were built is 1970. Of the 29,735 occupied housing units in Waterford, 74.47% are owner-occupied, while 25.53% have renters living in them. Meanwhile, properties bought with mortgages account for 69.5% of the units, and the median value of a home with a mortgage is $233,300. In general, housing costs reach $1,164 per month in Waterford.
Y-o-Y Change
Housing Units 31,221 -0.3%
Median Year Built 1970 0.0%
Built in 1939 or Earlier 2,503 3.4%
Built between 1940 and 1949 1,988 2.6%
Built between 1950 and 1959 5,874 -1.4%
Built between 1960 and 1969 4,829 4.7%
Built between 1970 and 1979 5,459 -1.6%
Built between 1980 and 1989 3,689 -0.5%
Built between 1990 and 1999 4,353 -9.5%
Built between 2000 and 2009 2,062 4.8%
Built between 2010 and 2019 426 15.1%
Built in 2020 or Later 38 N/A
Y-o-Y Change
Occupied Housing Units 29,735 0.4%
Owner Occupied 22,145 1.7%
Renter Occupied $7,590 -3.3%
Owner Occupied 74.47%
Renter Occupied 25.53%
Y-o-Y Change
With Mortgage 15,392 1.6%
Without Mortgage 6,754 1.9%
Median Value with Mortgage $233,300 13.9%
Median Value without Mortgage $220,100 28.5%
Median Housing Costs per Month $1,164 9.8%
With Mortgage 69.5%
Without Mortgage 30.5%

What is the level of education in Waterford?

Approximately 32.84% of the population in Waterford holds a high school degree (that's 19,287 residents), while 30.8% have attained a college certificate (18,087 locals) and 16.92% have a bachelor's degree (9,939 people).
Y-o-Y Change
No High School 1,004 -3.8%
Some High School 19,287 -1.5%
Some College 18,087 0.6%
Associate Degree 5,702 2.9%
Bachelor's Degree 9,939 3.4%
Graduate Degree 4,711 2.5%
No High School 1.71%
Some High School 32.84%
Some College 30.8%
Associate Degree 9.71%
Bachelor's Degree 16.92%
Graduate Degree 8.02%

What is the marital status of Waterford residents?

A total of 18,636 people in Waterford have never been married (which represents 31.71% of the total population), while 28,030 of them are wedded (47.69%). Separated and divorced residents are in smaller numbers, at 565 (0.96%) and 8,111 (13.8%), respectively.
Y-o-Y Change
Never Married 18,636 2.8%
Married 28,030 0.2%
Separated 565 -6.9%
Widowed 3,436 -5.8%
Divorced 8,111 8,111.0%
Never Married 31.71%
Married 47.69%
Separated 0.96%
Widowed 5.85%
Divorced 13.8%

What are the most common means of transportation in Waterford?

The top three means of transportation people in Waterford use to get to work are: car, walking and bus or trolley bus. A total of 31,234 residents commute by car, 204 prefer going to work by walking and 73 by bus or trolley bus
Y-o-Y Change
Car 31,234 -2.1%
Bus or TrolleyBus 73 305.6%
Bicycle 35 52.2%
TaxiCab 15 -11.8%
Walk 204 -7.7%

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

ZipCode Population Number of Households Median Income Average Income
48327 20,878 9,404 $72,336.00 $90,261.00
48328 25,717 11,349 $65,687.00 $94,414.00
48329 23,932 9,814 $86,768.00 $105,967.00

Methodology & Disclaimers

Demographic data shown in this section was gathered from the latest U.S. Census Bureau release, the 2022 American Community Survey. The information is updated yearly, as soon as new data is made available by the US Census Bureau.
No representation, guarantee or warranty is made as to the accuracy or completeness of information modified or aggregated for specific neighborhoods and/or zip codes.