Waterford, CT (06385) is a town located in New London County. It has a population of 19,922 people according to the latest census. The median 2 bedroom rent in Waterford is $1,710, slightly higher than the US average of $1,430. Grocery costs are also higher in Waterford, with an index of 106 compared to 100 for the US.
The town of Waterford is served by many local businesses and schools including Lawrence & Memorial Hospital, Waterford Country School, Gales Ferry Library, and Commerical Point Beach. There are also many popular restaurants within Waterford like KK's Deli & Grille and La Luna Ristorante Italiano. Educationally there are numerous elementary schools such as Quaker Hill Elementary School and Clark Lane Middle School as well as highschools such as Waterford High School which serves grades 9-12.
Waterford (zip 06385) has an unemployment rate of 7.7%. The US average is 6.0%.
Waterford (zip 06385) has seen the job market decrease by -10.5% over the last year. Future job growth over the next ten years is predicted to be 31.5%, which is lower than the US average of 33.5%.
Tax Rates for Waterford (zip 06385)
- The Sales Tax Rate for Waterford (zip 06385) is 6.4%. The US average is 7.3%.
- The Income Tax Rate for Waterford (zip 06385) is 5.5%. The US average is 4.6%.
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Income and Salaries for Waterford (zip 06385)
- The average income of a Waterford (zip 06385) resident is $46,392 a year. The US average is $37,638 a year.
- The Median household income of a Waterford (zip 06385) resident is $95,154 a year. The US average is $69,021 a year.