Waterford is located in southeast Michigan. Waterford is part of Oakland County. As of 2005-2009, the total Waterford population is 70,749, which has shrunk 3.28% since 2000. The population growth rate is lower than the state average rate of -0.50% and is much lower than the national average rate of 11.61%. Waterford median household income is $54,928 in 2005-2009 and has has shrunk by 0.15% since 2000. The income growth rate is much lower than the state average rate of 9.90% and is much lower than the national average rate of 27.36%. Waterford median house value is $169,900 in 2005-2009 and has shrunk by -17.66% since 2000. The house value growth rate is much higher than the state average rate of 3.98% and is much lower than the national average rate of 46.91%. As a reference, the national Consumer Price Index (CPI) inflation rate for the same period is 26.63%. On average, the public school district that covers Waterford is close to the state average in quality. The Waterford area code is 248.