Waterford, NY
Population 2,053 · New York
About Waterford, NY
Waterford is a small town located in New York with a population of 2,053 residents according to the latest US Census Bureau American Community Survey data. The median household income is $68,203 per year, which is 9% below the national median of $75,149. The median age of 46.6 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Waterford features a median home value of $166,700, which is 32% below the national median of $244,900. This positions Waterford in a moderately priced market relative to the rest of the country. Median monthly rent is $1,060, 9% below the national average of $1,163/month. Of the 1,140 total housing units, 49% are owner-occupied (512 units) and 51% are renter-occupied (541 units). The higher proportion of renters may reflect a transient population, younger demographics, or high housing costs relative to income.
Economy & Employment
The local economy in Waterford shows an unemployment rate of 3.7%, which is near the national rate of 3.7%. The poverty rate stands at 11.3%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Waterford have an average one-way commute time of 21.3 minutes.
Education & Demographics
27.2% of Waterford residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 0.0% White, 0.7% Hispanic or Latino, 0.8% Black or African American, and 1.1% Asian residents, with 1.6% of the population being foreign-born.
Cost of Living in Waterford, NY
Compared to national averages, Waterford has a median household income of $68,203 (9% below the national median of $75,149). Home values average $166,700, which is 32% below the national median. Monthly rent at $1,060 is 9% below the US average of $1,163. Within New York, Waterford's income is 30% below the state average of $96,987, and home values are 57% below the state median of $387,181.
Why Live in Waterford, NY?
Waterford offers affordable housing with a median home value of $166,700, below the US average of $244,900, and rent that’s lower than the national average at $1,060/month, and a low poverty rate of 11.3%, better than the national average. Additionally, the city features short commute times averaging just 21.3 minutes.
Potential considerations include median household income ($68,203) that falls below the national average. However, Waterford’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Waterford has a population of 2,053 with a median age of 46.6 years. Compare Waterford with other cities to see how it stacks up, or explore all cities in New York.
Similar Cities Near Waterford
Cities in New York with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| New Hartford | 2,054 | $80,733 | $206,400 | Compare |
| Mexico | 2,050 | $72,772 | $154,800 | Compare |
| Franklinville | 2,063 | $68,580 | $91,600 | Compare |
| Upper Brookville | 2,064 | $250,001 | $1,987,500 | Compare |
| Oyster Bay Cove | 2,067 | $250,001 | $1,686,100 | Compare |
| Yorktown Heights | 2,038 | $138,750 | $600,800 | Compare |
| Upper Nyack | 2,072 | $181,364 | $681,000 | Compare |
| Apalachin | 2,076 | $79,919 | $160,800 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New York
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Waterford With Other Cities
Frequently Asked Questions about Waterford
What is the population of Waterford, NY?
The population of Waterford, NY is 2,053 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in New York.
What is the median household income in Waterford?
The median household income in Waterford, NY is $68,203 per year, which is 9% below the national median of $75,149.
What is the median home value in Waterford?
The median home value in Waterford, NY is $166,700, which is 32% below the national median of $244,900. A significant portion of residents rent their homes.
What is the average rent in Waterford?
The median monthly rent in Waterford, NY is $1,060, which is 9% below the national average of $1,163/month.
What is the unemployment rate in Waterford?
The unemployment rate in Waterford, NY is 3.7%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Waterford, NY a good place to live?
Waterford offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 2,053 and a median age of 46.6, the city appeals to established professionals and retirees.
How educated is Waterford, NY?
27.2% of residents in Waterford aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Waterford?
Key cost-of-living indicators for Waterford, NY: median home value is $166,700 (32% below national), median rent is $1,060/month, and median household income is $68,203. The home-value-to-income ratio is 2.4x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Waterford?
The poverty rate in Waterford, NY is 11.3%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Waterford, NY?
Waterford's population is 0.0% White, 0.7% Hispanic or Latino, 0.8% Black or African American, 1.1% Asian, and 0.5% two or more races. 1.6% of residents are foreign-born.