There are 20 senior apartments serving Waterford, Michigan. This includes 2 in Waterford and 18 nearby. The costs per day of senior apartments in Michigan range from $11 to $115, with an average expenditure running approximately $47. The monthly cost averages about $1,408 and ranges between $330 and $3,454. On an annual basis, the median cost is around $16,896, which is under the national average of $18,480.
Costs of senior apartments in Waterford range between $352 per month and $2,904 per month. The median cost is approximately $1,584 per month, or about $19,008 annually.
Waterford is a medium-sized city in the State of Michigan. It is located in Oakland County and is included in the Detroit-Warren-Livonia metropolitan area. While the surrounding metro area contains 3,457,808 people, there are 71,528 living in the city itself. The 55+ community represents about 25% of the total population.
Waterford has a good SeniorScore™ of 75. The city's average household income is $56,000 ($29,000 per person), compared to an average of $46,000 for the state of Michigan. The average housing price in Waterford is $183,000, which is somewhat higher than the state average of $177,000. Waterford also has a high unemployment rate of around 10.72%.
Waterford has extreme average temperatures, with cold winters and calm summers. The city receives low amounts of rain annually. Waterford has a low crime rate and lower than average air quality compared to other cities.