Waterford is located in Erie county Pennsylvania with a geographic area of 1.2 square miles. The total population in Waterford is 1,273 with 42.8% male and 57.2% female. Children under age 5 represent 3.8% of the population, under age 18 equal 18.8% of the population and over age 65 is 23.0% of the population. The median household income is $52,969, per capita income is $25,564. There are a total of 587 housing units with 52.5% owner occupied. Education includes 40.5% of residents that are high school graduates and 23.3% with a bachelor's degree or higher. The average temperature in Waterford in the summer is 73 degrees, and in the winter 33 degrees.