Cost of Living in Waterford, CT
Population 19,629 · Connecticut · Data vintage 2023
(100 = US avg)
Under 25,000 residents gives Waterford a small-town character that shows up in every data point below — from the commute patterns to the rental inventory. A typical home runs $325,000.
Geographically, Waterford is about 40 miles southeast of Hartford, the nearest large metro. Median home values run roughly 50% higher than Hartford's $217,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Waterford
The median home value in Waterford is $325,300 — 7% above the national median of $305,000. Median rent runs $1,561/month, 19% higher than the national median of $1,314/month. The median household income of $109,485/year is 47% higher than the US median of $74,580. The local unemployment rate is 5.5%, above the national average of 4.8%. Connecticut's top state income tax rate is 7.0% and the combined sales tax is 6.3%. The climate averages highs of 59.4°F and lows of 43.5°F. Overall, Waterford has a cost of living index of 112 versus the US average of 100, meaning it is 12% more expensive.
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 38 | 40 | 47 | 56 | 65 | 74 | 80 | 79 | 74 | 63 | 53 | 44 |
| Low °F | 23 | 25 | 31 | 39 | 49 | 58 | 65 | 64 | 57 | 46 | 37 | 29 |
| Precip" | 2.68 | 2.20 | 3.82 | 3.58 | 3.31 | 3.30 | 3.24 | 3.32 | 3.83 | 3.66 | 3.24 | 3.13 |
Frequently Asked Questions
What is the cost of living in Waterford, CT?
Waterford has a cost index of 112 (100 = national average). It is 12% above the national average.
What is average rent in Waterford, CT?
The median gross rent in Waterford is $1,561 per month based on 2023 Census data.
What is the average home price in Waterford?
The median home value in Waterford is $325,300 according to 2023 Census ACS data.
What is the median income in Waterford?
The median household income in Waterford is $109,485 per year (2023 ACS 5-year estimates).
What is the sales tax in Waterford, CT?
The combined state and local sales tax rate in Waterford is 6.3%. The Connecticut state income tax top rate is 7.0%.
Is Waterford, CT affordable?
Waterford is above average in cost of living, with an index of 112 — about 12% higher than the national average.
What is the weather like in Waterford?
Waterford has average high temperatures of 59.4°F and average lows of 43.5°F. Annual precipitation is 39.3". Data from NOAA 1991–2020 Climate Normals.
Waterford at a Glance
- Population
- 19,629
- Median Income
- $109,485
- Home Value
- $325,300
- Median Rent
- $1,561/mo
- Unemployment
- 5.5%
- Avg High Temp
- 59.4°F
- Sales Tax
- 6.3%
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