Watertown, WI is a small, suburban town located in the south of Wisconsin. It is a great place to live for those looking for an accessible and affordable living situation. The average two bedroom rent price in Watertown is $980 making it significantly lower than the US average of $1,430. Additionally, the grocery cost index in Watertown is 95 compared to 100 which further highlights that living costs are generally lower than other nearby cities. \nSome famous local companies include Johnson County Bank, Premier Co-op Association and Watertown Regional Medical Center. Johnson County bank has been around since 1883 providing banking services to local businesses and families alike. Premier Co-op Association offers high quality agricultural products such as feeds and fertilizers for farmers throughout the area. Lastly, Watertown Regional Medical Center provides healthcare services such as imaging tests and emergency care services to the citizens of Watertown and the surrounding areas.
Watertown has an unemployment rate of 4.4%. The US average is 6.0%.
Watertown has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 31.3%, which is lower than the US average of 33.5%.
Tax Rates for Watertown
- The Sales Tax Rate for Watertown is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Watertown is 6.3%. 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 $22,812 a year. The US average is $28,555 a year.
- The Median household income of a Watertown resident is $59,111 a year. The US average is $69,021 a year.