Waterford Average Income, Population and Demographics

Are you tired of spending 10+ hours searching for demographic and population data for Waterford, New Jersey? We have all of the data you need by state, county, city, and zip code that will save you many hours of research!

In this article, we'll explore most of the 190+ data points we have for Waterford, covering popular demographics statistics like household income, race, age and gender, educational attainment, poverty, housing, and transportation.

The data on this page is from the 2022 American Community Survey (ACS) 5-Year survey from the US Census Bureau.

Median Household Income

According to the latest ACS 5-year survey in 2022, the median household income in Waterford is $99,799.00.

The chart below shows the average household income by age in Waterford.

• Under 25
  $0.00
• 25 to 44
  $105,227.00
• 45 to 64
  $131,413.00
• 65 and over
  $82,344.00

Average Household Income

A very commonly asked question is "what is the average household income in Waterford, New Jersey?". The official term for the average household income is the mean household income. The mean household income is the total income of all households divided by the number of households.

The average (or mean) household income in Waterford is $116,634.00.

13.70% of households in Waterford, New Jersey are classed as high income households (making $200,000+ per year).

Household Income Tiers for Waterford

We can also look at the household income tiers. This lets you see how many households fall into each of the earnings brackets and what percentage that bracket is of the total number of households.

The chart below shows the household income brackets to see which age groups have the highest median income. The actual data is more granular than these brackets, but we've simplified them into bigger categories to make reviewing the data for Waterford, New Jersey easier to view.

You can purchase the raw data above, which will have the full income tiers with smaller jumps in household income.

• Less than $24,999
  9.70%
• $25,000 to $49,999
  13.15%
• $50,000 to $74,999
  11.08%
• $75,000 to $99,999
  16.18%
• $100,000 to $149,999
  20.08%
• $150,000 to $199,999
  16.10%
• $200,000 or more
  13.70%

Per Capita Income

The per capita income is the average income of all people in Waterford, New Jersey. This is calculated by dividing the total income of all people in Waterford by the total number of people in Waterford.

It differs from the average or mean household income because it includes all people in Waterford and not just the people who earn an income (i.e. children, retirees, unemployed, etc.).

The per capita income in Waterford, New Jersey is $43,964.00.

Population in Waterford by Race and Ethnicity

The total population in Waterford is currently 10,411 people.

The race and ethnicity of the population in Waterford can be very important for social research, economics, and marketing to a multi-culturial society.

Whether you want to target products or services to a particular race or ethnicity, or provide housing and new businesses to improve areas with a larger ethnic minority population, this data is very valuable for discovering suitable areas.

The chart below breaks down the population and percentage for each race and ethnicity in Waterford, New Jersey.

• 4.30% White
  451
• 90.80% Black/African American
  9,449
• 83.80% Native
  8,726
• 7.50% Hispanic
  779
• 2.50% Asian
  263
• 0.00% Hawaiian/Pacific Islander
  0
• 0.00% Two or more races
  0
• 2.40% Other
  245

Population of Waterford by Age and Gender

Another very important demographics statistic for Waterford, New Jersey is the age and gender of the population. The age and gender of the population can be used to track trends in population growth or decline, and for businesses, the data can be used to identify people important to you and your business need.

In the table below, we show age groups at a 10 year granularity for ease of use. The raw data, which can be purchased above, includes age and gender at a 5 year granularity.

Education Levels

Educational attainment is a very useful statistic that can give insights into other data such as the average household income, unemployment levels, and literacy.

What this means is that it is likely for areas that have higher levels of education to have higher average household incomes, lower unemployment rates, and higher literacy rates.

The chart below shows the educational attainment of the population in Waterford, New Jersey.

• Master's degree or higher
  7.36%
• Bachelor's degree
  24.15%
• Some college or associate's degree
  12.18%
• High school diploma or equivalent
  51.67%
• Less than high school diploma
  4.63%

Unemployment Rates

The unemployment rate is the percentage of the population that is actively looking for work but is unable to find a job. The unemployment rate is a very important statistic for Waterford because it can show how many people are actively looking for work and how many people are unable to find a job.

Lower levels of unemployment is generally seen as a positive sign for the economy. It also makes the government in Waterford look good because it shows that they are doing a good job of creating jobs, working to capacity, being efficient, and keeping the economy strong.

The unemployment rate is calculated using the total population in Waterford, New Jersey that are over the age of 16.

The current population in Waterford that are over the age of 16 is 8,978 people.

The unemployment rate in Waterford is 6.50%, which means 394 people are unemployed.

Median Age in Waterford

The median age is an interesting metric because it gives us an idea of the age distribution of people in Waterford, New Jersey. You know when you see a median age that it is the age where half of the population is older and half is younger than it.

For demographic studies, this can be used to infer and compare date to things such as birth rates, the age of parents, and so on.

An increasing median age can be a sign of an aging population, which can be a sign of a declining population. This is because older people tend to have fewer children and die more often than younger people.

The median age in Waterford is 46.3 years old.

We can also look at the median age by gender to compare the see how each group compares to the total median age:

Median age by gender in Waterford

46.3

Total

44.8

Male

47.6

Female

Households and Families

There are a total of 3,825 households in Waterford, and the average household size is 2.65 people.

For families, the total number is 2,964, and the average family size is 2.98 people.

8.50% of those families in Waterford, New Jersey are living below the poverty line.

The table below shows the poverty thresholds for Waterford in .

Households and Families by Marital Status

There are four types of household and family, as defined by the Census Bureau:

• Married-couple
• Male householder, no spouse present
• Female householder, no spouse present
• Nonfamily household

In the table below, you can see the total households and families in Waterford, New Jersey for each type, as well as the average sizes.

Housing Data in Waterford

There are total of 3,969 housing units in Waterford, New Jersey. Of those units, 3,825 (96.37%) are occupied, and 144 (3.63%) are vacant.

Rental Rates

Of the 3,969 housing units in Waterford, 431 (10.86%) are occupied by renters. The median rent paid by renters is $1,296.00.

Owner occupied housing units make up the remaining 83.85% of housing units, with 3,328 housing units in total.

The table below breaks down how much rent is paid by renters in Waterford, New Jersey.

• No rent paid
  66
• Less than $500
  0
• $500 to $999
  147
• $1,000 to $1,499
  137
• $1,500 to $1,999
  131
• $2,000 to $2,499
  0
• $2,500 to $2,999
  0
• $3,000 or more
  16

Property Values

The median value of a property in Waterford is $255,800.00.

The table below breaks down the range of valuations for all properties in Waterford.

• Less than $50,000
  56
• $50,000 to $99,999
  58
• $100,000 to $149,999
  255
• $150,000 to $199,999
  459
• $200,000 to $299,999
  1,583
• $300,000 to $499,999
  838
• $500,000 to $999,999
  47
• $1,000,000 or more
  32

Property Age

We can also look at the number of properties built in a given year to see the spread of property age in Waterford, New Jersey.

• 1939 or earlier
  293
• 1940 to 1949
  169
• 1950 to 1959
  336
• 1960 to 1969
  395
• 1970 to 1979
  1,247
• 1980 to 1989
  754
• 1990 to 1999
  482
• 2000 to 2009
  240
• 2010 to 2013
  53
• 2014 or later
  0

Vehicles Available per Household

Finally, we have data on how many vehicles each household in Waterford has. The table below breaks down the number of vehicles available per household.

• No vehicles available
  9
• 1 vehicle available
  834
• 2 vehicles available
  1,789
• 3 or more vehicles available
  1,193

Commuting to Work in Waterford

The time and means of commuting to work are useful metrics to look at because they can be correlated against other data such as income and education level.

Does a longer commuting time indicate a higher average income? If so, has the huge increase in home working during the pandemic changed this?

Using these metrics, we can get a better understanding of the demographics of Waterford, New Jersey, how they commute, and how that correlates to other data points.

The average travel time is 34.2 minutes, and the chart below covers the range of travel times across the population of Waterford.

• Less than 5 minutes
  73
• 5 to 9 minutes
  325
• 10 to 14 minutes
  265
• 15 to 19 minutes
  465
• 20 to 24 minutes
  520
• 25 to 29 minutes
  601
• 30 to 34 minutes
  714
• 35 to 39 minutes
  329
• 40 to 44 minutes
  291
• 45 to 59 minutes
  869
• 60 to 89 minutes
  345
• 90 or more minutes
  170

We can also look at the means of transport in Waterford to see which modes of transport people are using to commute to work.

• Drove alone
  4,324
• Carpooled
  514
• Public transportation
  60
• Walked
  27
• Other means
  42
• Worked from home
  544

Conclusion

Hopefully this article has given you the demographics data you were looking for in Waterford, New Jersey.

If you need more demographics data, or you need the data listed above in spreadsheet form with more granular grouping, head back to the top of this page where you can purchase the complete demographics data for Waterford.

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