Cost of Living,
Waterford's Real Estate Market
Norwich-New London Metro Area
Profile: Small-city complex Location: Eastern Connecticut along the Long Island Sound to 15 miles north along the Thames River Elevation: 7 Time zone: Eastern Standard Time
|Central location||Harsh winters|
|Historic interest ||Some urban decay|
|Attractive setting||Weak job growth|
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New London is located where the broad Thames River empties into the Long Island Sound. Norwich lies about 13 miles upriver. New London has a rich maritime history and is now home to the U.S. Coast Guard Academy. Norwich is an early industrial center, where the first paper and iron nails were made in the mid-1700’s. Both cities remain fairly industrial but have modestly attractive downtown cores with areas of historic buildings. New London is also home to two small colleges.
Norwich has some local arts amenities but is also transforming itself into a regional weekend tourist destination, with large casinos, upscale hotels and spas. The central location to New England and New York just might make this work. Air and many other services are available in Providence, 60 miles northeast. Employment projections have declined. Cost of living, while high, is moderate on a Connecticut scale.
Level terrain with marshes and beach at the coast give way to rolling and wooded terrain to the north. Hills around Norwich rise 500 feet. The climate is New England continental moderated by proximity to water. Summers are warm and humid but with refreshing sea breezes. The inland Norwich area is typically warmer in summer and colder in winter. Winters are cold and wet with occasional periods of more extreme cold. Since the area lies east of the main part of Long Island, coastal “noreaster” storms are strong and can produce significant rain and snow. First freeze is late October, last is late April.
Interesting Facts about Waterford (zip 06385), Connecticut
As of 2014, Waterford (zip 06385)'s population is 15,395 people. Since 2000, it has had a population growth of -3.17 percent.--------------------
The median home cost in Waterford (zip 06385) is $189,000. Home appreciation the last year has been -2.00 percent.--------------------
Compared to the rest of the country, Waterford (zip 06385)'s cost of living is 16.90% Higher than the U.S. average.--------------------
Waterford (zip 06385) public schools spend $18,285 per student. The average school expenditure in the U.S. is $12,435. There are about 14.3 students per teacher in Waterford (zip 06385).--------------------
The unemployment rate in Waterford (zip 06385) is 6.70 percent(U.S. avg. is 6.30%). Recent job growth is Negative. Waterford (zip 06385) jobs have Decreased by 1.08 percent.
Ranked #13 America's Best and Worst Cities for Crime (Mid-Size Metro Areas)
Ranked #17 Best Green Cities
Ranked #67 2005 Best Places to Live
Ranked #93 America's Migraine Hot Spots
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Average Commute time is 19 minutes. The National Average is 25 minutes.--------------------
Waterford (zip 06385)'s Real Estate Market (click to see properties)
• Newly Listed Homes
• Most Expensive Listing
• Million Dollar Houses
• Homes from $750,001 to $1,000,000
• Homes from $500,001 to $750,000
• Homes from $250,000 to $500,000
• Homes under $250,000
• Median Priced Homes
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