Waterford is a larger medium-sized township located in the state of Michigan. With a population of 69,554 people and 20 associated neighborhoods, Waterford is the largest community in Michigan.Unlike some townships where white-collar or blue-collar occupations dominate the local economy, Waterford is neither predominantly one nor the other. Instead, it has a mixed workforce of both white- and blue-collar jobs. Overall, Waterford is a township of sales and office workers, professionals, and service providers. There are especially a lot of people living in Waterford who work in office and administrative support (13.48%), management occupations (10.15%), and sales jobs (8.94%). Also of interest is that Waterford has more people living here who work in computers and math than 95% of the places in the US. One interesting thing about the economy is that relatively large numbers of people worked from their home: 9.70% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes. The overall education level of Waterford is somewhat higher than in the average US city of 21.84%: 28.43% of adults 25 and older in the township have at least a bachelor's degree. The per capita income in Waterford in 2022 was $42,493, which is wealthy relative to Michigan, and upper middle income relative to the rest of the US. This equates to an annual income of $169,972 for a family of four. However, Waterford contains both very wealthy and poor people as well. Waterford is a very ethnically-diverse township. The people who call Waterford home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Waterford residents report their race to be White, followed by Black or African-American. Important ancestries of people in Waterford include German, Irish, English, Polish, and Italian. The most common language spoken in Waterford is English. Other important languages spoken here include Spanish and Italian.
