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Watertown, MN

Full City Profile · Minnesota · Carver County County

3.3 /5.0
B Good
4,747 Population 1,805/sq mi density
$93,008 Median Income $41,419 per capita
$315,200 Home Value $370,563 Zillow
$967 Median Rent 23.1% income on rent
44°F Avg Temperature 270 sunny days/yr
22 Violent Crime/100K 736 property/100K
B
Overall
3.3 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.7 / 5.0
$93,008 median income, 0.0% unemployment
A+
Affordability
4.8 / 5.0
$315,200 home value, $967/mo rent
F
Safety
1.0 / 5.0
22 violent crimes/100K
C+
Education
2.8 / 5.0
22.2% bachelor's degree or higher

Watertown, MN

At a Glance

Median Income
$93,008
24% above
$41,419 per capita
Home Value
$315,200
12% above
Zillow: $370,563
Median Rent
$967/mo
17% below
23.1% of income on rent
Violent Crime
22/100K
94% below
736/100K property
Bachelor's Degree+
22.2%
34% below
95.2% high school+
Unemployment
0.0%
100% below
9.0% poverty rate
Obesity Rate
34.2%
7% above
14.6% smoking rate
Avg Temperature
44°F
270 sunny days/yr

How Watertown Compares to the U.S. Average

Each bar shows Watertown's value as a percentage of the national average (100% = U.S. avg)

Income
124%
Home Value
112%
Rent
83%
Poverty
73%
Bachelor's
66%
Unemployment
0%
Crime
6%
Thin vertical line = U.S. national average (100%)

Is Watertown a Good Place to Live?

B
3.3 / 5.0 — Good
Based on economy, affordability, safety, and education metrics compared to national averages.

Economy & Jobs

Watertown residents earn a median household income of $93,008 , which is 24% above the national average of $75,149. Per capita income is $41,419. The unemployment rate stands at 0.0% (100% below the U.S. rate of 3.6%). 9.0% of residents live below the poverty line. The area is home to 2,874 business establishments, including 188 restaurants.

Housing & Cost of Living

The median home value in Watertown is $315,200 , 12% above the national median of $281,900. Zillow estimates the typical home at $370,563. Median rent is $967/month, with 23.1% of renters spending more than 30% of income on housing. The cost of living index is 98.6 (100 = national average). The median home was built in 1990.

Safety & Crime

Watertown reports 22 violent crimes per 100,000 residents , which is 94% below the national average of 380/100K. Property crime is 736/100K.

Education

22.2% of adults in Watertown hold a bachelor's degree or higher (34% below the national average). 95.2% have completed high school. Local schools score 7.2/10 in standardized testing.

Climate & Weather

Watertown has an average annual temperature of 44°F (7°C). Winters average 13°F in January while summers reach 71°F in July. The area gets 270 sunny days per year. Annual precipitation totals 34.1 inches. Air quality is rated Good with a median AQI of 36.

Data Overview

People

Population4,747
Median Age34.5 yrs
Density1,805/mi²
Male / Female51% / 49%
Foreign Born13.6%
Veterans6.1%

Economy

A+
Median Income$93,008
Per Capita$41,419
Unemployment0.0%
Poverty9.0%
County GDP$7,614M
Avg Weekly Wage$1,297

Housing

A+
Home Value$315,200
Rent$967
Ownership79.3%
Zillow$370,563
Housing Units1,840
Rent Burden23.1%

Crime

F
Violent22/100K
Property736/100K

Health

Obesity34.2%
Diabetes8.2%
Smoking14.6%
Heart Disease5.0%
Premature Death3,990/100K

Climate

Avg Temp44°F
Sunny Days270/yr
Rain34.1 in/yr
AQI36 (Good)
Elevation956 ft

Education

C+
Bachelor's+22.2%
High School+95.2%
Graduate+8.0%
School Score7.2/10

Community

2024 VoteR 52% / D 46%
Commute27 min
Broadband95.4%
Internet Speed126 Mbps
EV Stations1
Libraries7

Did You Know?

The median home in Watertown was built in 1990.
19.1% work from home.
The nearest airport is Minneapolis-St Paul International/Wold-Chamberlain (31 miles).
The Gini coefficient (income inequality) is 0.415 (U.S. avg: 0.490).
Natural hazard risk is rated "Relatively Low" by FEMA.
10.4% of the population has a disability.
13.6% of residents are foreign-born.
Average internet download speed is 126 Mbps.
There are 188 restaurants in the area.
The county recorded 9 fatal vehicle crashes.