Quick facts: Waterford, MI

110.5
Cost of Living
above US average
70,486
Population
4.1
Crime Rate per 1000
below US average
$73,089
Median Income
below US average
$265,000
Median House Price
above US average
Average Rent Data is updating, will be available soon
7%
Poverty Rate
below US average
2.5%
Unemployment Rate
below US average

Overview for Waterford, MI

Waterford, Michigan, is a charming suburban community located in Oakland County, approximately 45 miles northwest of Detroit. Known for its scenic lakes, including Lake Oakland and Waterford Lake, the area offers ample opportunities for outdoor recreation such as boating, fishing, and hiking. Waterford is part of the Metro Detroit area and has a population of around 73,000 residents, making it a vibrant and growing community. The town features a mix of residential neighborhoods, parks, and commercial areas, with a strong emphasis on family-friendly amenities. Waterford boasts several schools, parks, and recreational facilities, including the Waterford Parks and Recreation Department, which offers numerous programs for residents of all ages. Cultural attractions can be found in the area, including local theaters, art centers, and historical sites. The community also hosts various events throughout the year, fostering a strong sense of community spirit. Overall, Waterford, MI, offers a balanced lifestyle with the convenience of nearby urban amenities while maintaining a suburban feel.