Watertown, NY is an ideal place to call home, especially for those looking to move away from larger cities. With a population of 25,000, Watertown offers a relaxed atmosphere while still being close to amenities like grocery stores and public transportation. There are many local businesses in the area such as Bennett's Department Store and Smith Furniture Co. Rent for a two bedroom apartment in Watertown averages around $1,180 per month which is slightly lower than the US average of $1,430. In addition there is also a low cost of living with the grocery cost index at 99 compared to 100 in the US overall. All this makes Watertown an attractive option for those seeking a livable city without breaking the bank.
Watertown has an unemployment rate of 7.8%. The US average is 6.0%.
Watertown has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 16.7%, which is lower than the US average of 33.5%.
Tax Rates for Watertown
- The Sales Tax Rate for Watertown is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Watertown is 6.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Watertown
- The average income of a Watertown resident is $22,187 a year. The US average is $28,555 a year.
- The Median household income of a Watertown resident is $46,051 a year. The US average is $69,021 a year.