All Countries
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
Income Overview
Median Household Income
$93,008
24% above
US avg: $75,149
Per Capita Income
$41,419
6% above
US avg: $39,052
Unemployment Rate
0.0%
100% below
US avg: 3.6%
Poverty Rate
9.0%
27% below
US avg: 12.4%
Income Comparison: Watertown vs. U.S. Average
Each bar shows Watertown’s value as a percentage of the national average (100% line = U.S. avg)
Median Household
US: $75,149
$93,008
124%
Per Capita
US: $39,052
$41,419
106%
IRS Avg AGI
US: $72,000
$131,468
183%
Avg Weekly Wage
US: $1,432
$1,297
91%
Thin line = U.S. average (100%)
Employment & Commute
Avg Weekly Wage
$1,297
9% below US avg ($1,432)
Mean Commute Time
27 min
3% below US avg (28 min)
Work From Home
19.1%
26% above US avg (15.2%)
Drive Alone
73.8%
1% above US avg (73.2%)
Public Transit
0.1%
98% below US avg (5.0%)
County GDP
$7,614M
County-level GDP (BEA 2024)
How Residents Get to Work
Drive Alone
73.8%
Public Transit
0.1%
Work From Home
19.1%
Other
7%
Average commute time
27 minutes
US avg: 28 min
Business Landscape
Total Establishments
2,874
Restaurants
188
Healthcare
268
Retail
232
Manufacturing
153
Tax & Financial
IRS Avg Adjusted Gross Income
$131,468
83% above US avg ($72,000)
Avg Property Tax
$6,648
90% above US avg ($3,500)
Cost of Living Index
98.6
Below national average (100 = US avg)
Complete Economy Data
Income & Wages
| Median Household Income | $93,008 |
| Per Capita Income | $41,419 |
| IRS Avg Adjusted Gross Income | $131,468 |
| Avg Weekly Wage | $1,297 |
| County GDP | $7,614M |
Hardship Indicators
| Unemployment Rate | 0.0% |
| Poverty Rate | 9.0% |
| Gini Coefficient | 0.415 |
| Cost of Living Index | 98.6 |
Commute
| Mean Commute | 27 minutes |
| Drive Alone | 73.8% |
| Public Transit | 0.1% |
| Work From Home | 19.1% |
Businesses
| Total Establishments | 2,874 |
| Restaurants | 188 |
| Healthcare | 268 |
| Retail | 232 |
| Manufacturing | 153 |
Tax
| IRS Avg AGI | $131,468 |
| Avg Property Tax | $6,648 |