Cost Of Living
Everyday cost of living expenses like goods and services, housing, groceries, transportation, health care and utilities are far below the national average.
Crime
This area boasts a crime rate that is far below the national average, making it a very safe place to live. These crime statistics encompass both property and violent offenses.
Employment
With higher than average median household income, income per capita and lower unemployment rates, this area scores extremely well in the employment category.
Housing
Impressive scores in the housing category characterize this area, potentially attributed to the availability of affordable housing, strong appreciation rates and high home values.
Amenities
The majority of amenities will be difficult to reach within a short walk, often requiring residents to use a vehicle or public transportation for access.
Commute
Low commute scores could be due to limited access to public transit in this area, as well as longer-than-average work commute times for residents.
Health & Safety
Subpar air quality and the limited availability of certain health-related facilities such as hospitals, police stations, doctors and pharmacies may have contributed to the low score in this category.
Watertown is a small city located in the state of Minnesota. The city has a population of 4,473 residents. At 97%, the majority of the Watertown population is White; this is followed by 0% Black and 0% Asian. If you are looking for a family friendly city, Watertown might be a good fit as 77% of the population over 15 years old are married, and 47% have kids who are 18 years old or younger. Something to be aware of when living in Watertown are the above average commute times. If you're looking for a short commute to work, this might not be the right area for you. With one way commute time of 33 minutes, this comes in much higher than the national average of 26 minutes.
Living in Watertown can be a positive experience for anyone moving to the town. Having said that, in the state of Minnesota, there are many amazing places to live, so choose wisely! When searching for a new neighborhood, several factors play a vital role in determining its suitability. Safety should be a top priority, ensuring a secure environment with low crime rates. Proximity to your workplace or school helps minimize commuting time and allows for a better work-life balance. Availability of essential amenities such as parks, coffee shops, restaurants, grocery stores, and healthcare facilities contributes to convenience and well-being. Access to reliable public transportation options facilitates easy commuting and connectivity. Additionally, considering the sense of community and the overall atmosphere that resonates with your lifestyle and preferences fosters a harmonious living experience. The best areas in Watertown and in surrounding cities are easier to find when you are able to make informed decisions. Using data from education, employment, housing, you will see a detailed breakdown of the most important information as well as comparisons to the Minnesota and national averages.
With a livability score of 70 out of 100, Watertown is ranked #6,428 in the United States and #263 in Minnesota. If we consider each of the categories individually, we see that Watertown ranks well for crime (A-), cost of living (B) and education (A). There is at least one category that does not have great scores in Watertown. The following was graded with a concerning score: amenities (F).
The unemployment rate in Watertown has consistently declined over the years and currently stands well below the national average at 1.08%. This downward trend holds the potential to reduce poverty and inequality within the region, promote higher wage levels and stimulate greater economic growth. Such positive indicators signal the overall robust health of the local economy, offering a promising outlook for its residents and fostering an environment of financial well-being and prosperity.
A healthy real estate market serves as a key economic indicator. It could signify overall local economic strength, stability and reflects consumer confidence in the area. Based on multiple factors including: median home and rental prices, appreciation rates and home affordability, Watertown has received high marks in the housing category. Based on these calculations, the apartment rental and real estate market appears to be very healthy.
Watertown real estate prices and overall affordability will play a huge role in determining if the area is the right fit for you. Of course there are probably some other items on your “wish list”, but even before they are considered, let’s take a look at the home prices and affordability in Watertown. Median real estate prices in Watertown come in at $236,400, which is 23.4% higher than the Minnesota average. The home price to income ratio compares the median home prices to the median household income. In Watertown, the home price to income ratio is 2.5, which is 16.7% lower than the Minnesota average.
| Statistic | Watertown | Minnesota | National |
| Average one way commute | 33min | 23min | 26min |
| Workers who drive to work | 72.1% | 78.0% | 76.4% |
| Workers who carpool | 8.8% | 8.7% | 9.3% |
| Workers who take public transit | 0.2% | 3.5% | 5.1% |
| Workers who bicycle | 0.0% | 0.8% | 0.6% |
| Workers who walk | 2.1% | 2.8% | 2.8% |
| Working from home | 16.8% | 5.3% | 4.6% |
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