Waterford, PA
Population 1,254 · Pennsylvania
About Waterford, PA
Waterford is a small town located in Pennsylvania with a population of 1,254 residents according to the latest US Census Bureau American Community Survey data. The median household income is $58,875 per year, which is 22% below the national median of $75,149. The median age of 48.3 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 $163,000, which is 33% 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 $1,031, 11% below the national average of $1,163/month. Of the 665 total housing units, 52% are owner-occupied (294 units) and 48% are renter-occupied (275 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Waterford shows an unemployment rate of 10.1%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 13.8%, above the national average of 12.4%. Workers in Waterford have an average one-way commute time of 31.1 minutes.
Education & Demographics
18.9% of Waterford residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 1.2% White, 0.4% Hispanic or Latino, 4.1% Black or African American, and 0.6% Asian residents, with 1.1% of the population being foreign-born.
Cost of Living in Waterford, PA
Compared to national averages, Waterford has a median household income of $58,875 (22% below the national median of $75,149). Home values average $163,000, which is 33% below the national median. Monthly rent at $1,031 is 11% below the US average of $1,163. Within Pennsylvania, Waterford's income is 20% below the state average of $73,376, and home values are 15% below the state median of $190,903.
Why Live in Waterford, PA?
Waterford offers affordable housing with a median home value of $163,000, below the US average of $244,900, and rent that’s lower than the national average at $1,031/month.
Potential considerations include median household income ($58,875) 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 1,254 with a median age of 48.3 years. Compare Waterford with other cities to see how it stacks up, or explore all cities in Pennsylvania.
Similar Cities Near Waterford
Cities in Pennsylvania with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Birchwood Lakes | 1,255 | $52,164 | $171,900 | Compare |
| Mars | 1,255 | $58,000 | $286,200 | Compare |
| West Leechburg | 1,257 | $76,042 | $165,300 | Compare |
| Dewart | 1,241 | $53,365 | $157,100 | Compare |
| Westfield | 1,241 | $46,875 | $86,000 | Compare |
| Albion | 1,269 | $54,083 | $131,000 | Compare |
| Bear Rocks | 1,239 | $66,688 | $220,300 | Compare |
| Belfast | 1,239 | $73,036 | $264,400 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Pennsylvania
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, PA?
The population of Waterford, PA is 1,254 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Pennsylvania.
What is the median household income in Waterford?
The median household income in Waterford, PA is $58,875 per year, which is 22% below the national median of $75,149.
What is the median home value in Waterford?
The median home value in Waterford, PA is $163,000, which is 33% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Waterford?
The median monthly rent in Waterford, PA is $1,031, which is 11% below the national average of $1,163/month.
What is the unemployment rate in Waterford?
The unemployment rate in Waterford, PA is 10.1%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Waterford, PA a good place to live?
Waterford offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 1,254 and a median age of 48.3, the city appeals to established professionals and retirees.
How educated is Waterford, PA?
18.9% 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, PA: median home value is $163,000 (33% below national), median rent is $1,031/month, and median household income is $58,875. The home-value-to-income ratio is 2.8x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Waterford?
The poverty rate in Waterford, PA is 13.8%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Waterford, PA?
Waterford's population is 1.2% White, 0.4% Hispanic or Latino, 4.1% Black or African American, 0.6% Asian, and 0.0% two or more races. 1.1% of residents are foreign-born.