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
Change Over Time (2013–2023)
Population Change
+11.8%
4,292 → 4,800
over 10 years
Annual Pop. Growth
+1.12%
Compound annual growth rate
Median Income Change
+46.9%
$63,333 → $93,008
nominal, not inflation-adjusted
Annual Income Growth
+3.92%
Compound annual growth rate
Population Over Time
Total population for Watertown across each available Census ACS release.
Median Household Income Over Time
Median household income reported by U.S. Census ACS. Values are nominal (not adjusted for inflation).
Projected 2030
Simple projections extrapolating the 2013–2023 compound annual growth rate forward. These are mathematical extensions of recent trends, not forecasts — real outcomes depend on migration, policy and economic shifts.
Projected Population 2030
5,189
+389 from 2023 (4,800)
Projected Median Income 2030
$121,735
+$28,727 from 2023 ($93,008)
Year-by-Year Detail
| Year | Population | YoY % | Median Income | YoY % |
|---|---|---|---|---|
| 2013 | 4,292 | — | $63,333 | — |
| 2015 | 4,320 | +0.7% | $53,789 | -15.1% |
| 2017 | 4,388 | +1.6% | $63,688 | +18.4% |
| 2019 | 4,536 | +3.4% | $83,542 | +31.2% |
| 2021 | 4,803 | +5.9% | $95,156 | +13.9% |
| 2023 | 4,800 | -0.1% | $93,008 | -2.3% |
Source: U.S. Census ACS 5-Year Estimates (Data Commons). Home value and rent are not yet available historically.