Home › Connecticut › Waterford

Waterford, Connecticut

CDP · New London County

At a glance

3,304
Population
$282,900
Median home value (all homes)
7% below U.S. median
$435,977
Typical market value
Zillow, 2026-07
$1,668/mo
Median rent
24% above U.S. median
$73,156
Median household income
7% below U.S. median
21.8 min
Average commute
92.1%
Homes with broadband
58.87%
Locations with fiber available
6.2%
Unemployment

Cost of living (Clay Affordability Index)

CAI 102 — 2% above the national average. how it's computed

Housing11% above
Goods & services1% above
Utilities30% above
Taxes33% below
Insurance5% above
Commute cost20% below
For business: Connecticut is CBII band 3/5 · time to build band 3/5. See state page for the breakdown.

Living here

Nearest 4-year college2 mi
Nearest community college12 mi
Nearest technical college5 mi
High school graduates95.9%
College graduates27.3%

Doing business here

Economic development contacts, most local first:

city Waterford Economic Development
Preview information about the Economic Development Commission. Appears on the Waterford town website under Boards & Committees.
state Connecticut Dept. Econ. Dev.
Connecticut Department of Economic and Community Development (DECD) is the state agency that supports economic development and community development in Connecticut, including business development, small business resources, brownfield redevelopment, film, arts and tourism initiatives, and related programs. It provides contact points for in-state and out-of-state companies seeking assistance and coordinates various grant and program opportunities.
state Connecticut's Business Response
State sales taxYes
State income taxYes
Right-to-work stateNo

Similar towns nearby

New London, CT 2 mi · pop 27,625 · $253k
Groton, CT 3 mi · pop 9,490 · $307k
East Lyme, CT 5 mi · pop 18,721 · $413k
Groton Long Point, CT 7 mi · pop 546 · $970k
Montville, CT 8 mi · pop 17,950 · $286k