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Waterford, Connecticut Demographics

Waterford, Connecticut Median Household Income: Trends, Analysis, and Key Findings

The median household income in Waterford town was $103,638 in 2021, which marked an an increase of 896(0.87%) from $102,742 in 2020. This income is 138.91% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).

Waterford, Connecticut Median Household Income By Age

Per the latest American Community Survey by the Census Bureau, Waterford town sees its highest median household income among householders in the age group of 45 to 64 years old, at $119,190. Overall, the median household income for the town of Waterford town stands at $103,638.

Waterford, Connecticut Income by Gender

In Waterford town, the median income for all workers aged 15 years and older, regardless of work hours, was $67,758 for males and $39,329 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $90,014 for males and $67,741 for females.

Waterford, Connecticut Median Household Income By Race

In Waterford town, the demographic landscape is diverse, spanning 4 distinct racial categories among households. Among these, Two or More Races households have the highest median household income at $150,041, while Black or African American households represent the opposite end with the lowest median household income of $58,690.

Waterford, Connecticut Population by Year

In 2021, the population of Waterford town was 19,553, a 0.06% increase year-by-year from 2020. Previously, in 2020, Waterford town's population was 19,541, an increase of 3.99% compared to a population of 18,791 in 2019.

Waterford, Connecticut Population by Age

The median age in Waterford, Connecticut is 46.6, as per 2021 ACS 5-Year Estimates. Of the total population, 15.45% were under the age of 15, 16.40% aged 15 to 29, 46.95% aged 30 to 64, 17.76% aged 65 to 84, and 3.45% were 85 years of age and older.

Waterford, Connecticut Population by Gender

The total population of Waterford town is estimated to be 19,558 with 9,354 males (47.83%) and 10,204 females (52.17%). There are 850 more females than males in Waterford town.

Waterford, Connecticut Population by Race & Ethnicity

Racial distribution of Waterford town population: 86.64% are White, 2.67% are Black or African American, 0.15% are American Indian and Alaska Native, 4.09% are Asian, 0.75% are some other race and 5.70% are multiracial.