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Overview of Waterford

Head northeast on Interstate 75 outside of Detroit and you'll run into the charming Midwestern township of Waterford. Ideally located between Motor City and Flint, this great little hub is the perfect mix of small-town atmosphere and lakeside paradise. Many residents who are looking at Waterford apartments for rent will be happy to know that there are 34 lakes (perfect for outdoor fun!) and the city as a whole is experiencing commercial growth, showing that those who live in Waterford apartments have an exciting future that lies ahead. Waterford has also been ranked by CNN/Money Magazine for several years as one of the best places to live in the country, so you know that this is a place that has been recognized nationwide as a great place to call home. Residents living in Waterford enjoy its location smack between two of the Great Lakes State's biggest metros, as well as its close-knit vibe and rich lifestyle.

Living in Waterford

There are several beautiful neighborhoods that have great Waterford apartments for rent, including Auburn Hills, Beacon Hills and Meadowbrook Village. Since Waterford is practically surrounded by lovely lakes, there are plenty of opportunities for league sports, community groups, special events and park recreation. Parents who live in Waterford apartments love that the city has plenty of great schools and with all of the small businesses thriving in the area, this city definitely has a pro-business attitude. It is also situated near tons of restaurants and bars for fun and entertainment. Waterford is also easily accessible by several major highways, including Interstate 75 and U.S. Highways 10 and 24, putting you in the heart of the Great Lakes State. The city is home to more than 70,000 citizens, so Waterford still has a small-town feel, but isn't rural enough to not have all of the big-city amenities that people love.

Waterford Apartments and Cost of Living

Need another good reason to move into Waterford apartments for rent? You can live here without breaking the bank! According to City-Data, the cost of living index is more than 10 percent below the national average, making it a very affordable city to live, work and play. To make it even sweeter, the median household income is more than $5,000 more than most Michigan households, which means that it should be easy to find apartments in Waterford that suit your budget. According to AreaVibes, the cost of a gallon of gas in Waterford is around $3.84, which is similar to fuel prices throughout the state.

Waterford Work and Study

There are several esteemed colleges and universities in the area, including Baker College, Oakland Community College, Rochester College, Michigan Jewish Institute and Oakland University, so there are plenty of students in the area that are looking for Waterford apartments every semester. According to City-Data, the industries and job force in the city are quite diverse. The most common occupations amongst men were engineers, mechanics and other repair operations. Some of the popular occupations for women were administrative assistants, retail workers, supervisors and teachers.

Market Trends

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