This paper focuses on the distribution of gains and losses from Senegal’s water reforms across regions and across households according to their income classes. Within those groupings, we assess the differentiation of the impact between educated and non-educated consumers. The sector specific impact of the reform builds on a comparison of consumption patterns before and after the reforms. We show that most of the gains accrue to the highest income classes while the poor have seen no changes or suffered losses when looking at the extension of the water network. We then use a multi-household integrated Computable General Equilibrium model (CGE) to analyze the impact of possible water pricing reforms on poverty in Senegal. Accounting for the general equilibrium effect largely validates the basic statistical results. It also shows that the best educated classes within income groups and within regions tend to gain relatively more from the reforms. We conclude that the simulated price increases for the sector have marginal effects on government finances but positive effects on most actors except households unless specific transfer programs are introduced to protect the poor.