Cost of Living in Waterford, CA

Population 9,177 · California · Data vintage 2023

121
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Waterford is a smaller California community of around 9000 residents, where median household incomes of $73,092 and housing costs ($373,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape. Unemployment has stayed elevated relative to the national figure — 6.0% as of the most recent ACS release — which shows up in household-income and poverty figures as well.

Geographically, Waterford sits roughly 14 miles east of Modesto. Median home values run roughly 10% lower than Modesto's $416,000.

Cost Overview

Housing 122
Rent 119

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Waterford

The median home value in Waterford is $372,900 — 22% above the national median of $305,000. Median rent runs $1,567/month, 19% higher than the national median of $1,314/month. The median household income of $73,092/year is 2% lower than the US median of $74,580. The local unemployment rate is 6.0%, above the national average of 4.8%. California's top state income tax rate is 13.3% and the combined sales tax is 8.7%. Overall, Waterford has a cost of living index of 121 versus the US average of 100, meaning it is 21% more expensive.

🏠 Housing

Median Home Value
$372,900
22% above avg
Zillow Home Value
$423,738
Zillow ZHVI
Median Rent
$1,567/mo
19% above avg
Price-to-Rent Ratio
19.8x
Favors buying
Property Tax Rate
0.7%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$1,195
1 BR
$1,241
2 BR
$1,544
3 BR
$2,163
4 BR
$2,556
Owner-occupied 53.8%
Renter-occupied 46.2%

💰 Estimated Monthly Budget

Rent median rent
$1,567
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,181/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
29.6 min
10% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
4.7%

Commute Mode

Drove alone
73.0%
Carpooled
20.9%
Walked
1.3%
Work from home
4.7%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax 13.3%
Total Sales Tax 8.7%
State rate 7.3%
Avg local rate 1.4%
Property Tax 0.7%

💼 Income & Employment

Median Household Income
$73,092
2% below avg
Per Capita Income
$25,530
Unemployment Rate
6.0%
25% above avg
Poverty Rate
13.8%
Labor Force Participation
62.7%

🎓 Education

Bachelor's degree+ 5.5%
Graduate degree 2.6%

👥 Demographics

Median Age 28.9
Male median age 27.8
Female median age 30

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 54 — Moderate
45.5%
Good air days/yr
150
Max AQI recorded
161
PM2.5 days
199
Ozone days

Frequently Asked Questions

What is the cost of living in Waterford, CA?

Waterford has a cost index of 121 (100 = national average). It is 21% above the national average.

What is average rent in Waterford, CA?

The median gross rent in Waterford is $1,567 per month based on 2023 Census data.

What is the average home price in Waterford?

The median home value in Waterford is $372,900 according to Zillow and Census data.

What is the median income in Waterford?

The median household income in Waterford is $73,092 per year (2023 ACS 5-year estimates).

What is the sales tax in Waterford, CA?

The combined state and local sales tax rate in Waterford is 8.7%. The California state income tax top rate is 13.3%.

Is Waterford, CA affordable?

Waterford is above average in cost of living, with an index of 121 — about 21% higher than the national average.

Waterford at a Glance

Population
9,177
Median Income
$73,092
Home Value
$372,900
Median Rent
$1,567/mo
Unemployment
6.0%
Sales Tax
8.7%
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Explore county-level cost of living data

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