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Waterford Apartment Features
Apartments Near Waterford
Living In Waterford, PA
Waterford, Pennsylvania is a small town with a population of just over 1,000. Retirees are a frequent sight, as they account for 23% of the population compared to 14% nationally, while young professionals are less well-represented. Overall, the town's population, with an average age of just under 44, skews older than most cities in Pennsylvania. Most residents own their homes in Waterford, and 39% of residents rent. Renters in the town benefit from a relatively low average rent of $714/month, which is $203/month less than the state average.
Compared to the national average (5%), Waterford has a large concentration of residents older than 25 who have earned an Associate's degree (9%). In addition, 8% have a Bachelor's degree and 5% have earned a Master's or Doctoral degree. There are three primary industries in Waterford: retail, manufacturing, and healthcare. Combined, these industries make up 25% of the labor force in the town. Meanwhile, looking at job function, many workers in these industries are in sales, as 8% of the town's population reports this as their field of work, the highest number of any field. Waterford workers earn an average annual income of just over $55K, about $8,000 less than their peers elsewhere in the state. The town's average income also trails the national average ($73,345).
Waterford has an average commute time of about 26 minutes. Many residents (41%) commute to work by car, while public transit is not used. Walking isn't a common means of commuting to work.
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