Cost of Living in Waterford

Waterford, is a small town located in New London County with a cost of living that is reflective of the Northeastern United States. Housing prices in Waterford can vary depending on the location, size, and condition of the property. As of my knowledge cutoff in early 2023, the median home value in Waterford is around $250,000 to $350,000. For a 3-bedroom home, prices typically range from $200,000 to $300,000, while 4-bedroom homes can range from $300,000 to $400,000 or more, depending on the neighborhood and amenities.

Apartment rentals in Waterford are also subject to variation based on size, location, and quality. On average, a 1-bedroom apartment might rent for about $1,000 to $1,200 per month, while a 2-bedroom apartment could cost between $1,200 and $1,500 per month. Apartment purchases, on the other hand, can range widely, with condos and townhomes starting at around $100,000 and going up to $300,000 or more for luxury units.

When it comes to dining out, Waterford offers a variety of restaurants ranging from casual eateries to fine dining. A meal at an inexpensive restaurant might cost around $15 per person, while a three-course meal at a mid-range restaurant could be around $50 to $70 for two people. Utilities, including electricity, heating, cooling, water, and garbage, for a standard 85m² apartment, can range from $150 to $250 per month, depending on usage and the time of year.

Private school tuition varies widely depending on the institution and the level of education. For preschools, annual tuition can range from $5,000 to $10,000. Elementary schools might charge between $10,000 and $20,000 per year, while middle schools and high schools can cost anywhere from $15,000 to $30,000 or more annually. These costs are highly dependent on the specific private school and the programs they offer.