2025 Compare Cities Economy:
Milbank, SD vs Watertown, SD

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Highlights
- Household income in Watertown, is 7% less than it is in Milbank and is 22% below the National Average.
- Milbank unemployment rate is 4.6%.
- Watertown unemployment rate is 3.5%.
 Milbank, SDWatertown, SDUnited States
 Unemployment Rate  Unlock3.5%6.0%
 Recent Job Growth  Unlock1.2%1.6%
 Future Job Growth12.8%  Unlock33.5%
 Sales Taxes6.5%  Unlock6.2%
 Income Taxes  Unlock0.0%4.6%
 Income per Cap.$38,887  Unlock$37,638
 Household Income  Unlock$56,520$69,021
 Family Median Income$81,609  Unlock$85,028
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 Est. Households By Income
 Milbank, SDWatertown, SDUnited States
 Income Less Than 15K  Unlock10.5%9.4%
 Income between 15K and 20K8.3%  Unlock3.8%
 Income between 20K and 30K  Unlock6.9%8.1%
 Income between 30K and 40K7.7%  Unlock8.0%
 Income between 40K and 50K  Unlock9.0%7.6%
 Income between 50K and 60K6.4%  Unlock7.2%
 Income between 60K and 75K  Unlock11.6%9.6%
 Income between 75K and 100K16.3%  Unlock12.8%
 Income between 100K and 150K  Unlock15.4%16.3%
 Income between 150K and 200K7.8%  Unlock7.8%
 Income greater than 200K  Unlock4.1%9.5%
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 Population By Occupation
 Milbank, SDWatertown, SDUnited States
 Management, business, finance13.7%  Unlock16.4%
 Engineering, computers, science  Unlock4.2%6.5%
 Community, social services7.4%  Unlock1.8%
 Legal  Unlock0.3%1.2%
 Education, library3.5%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock1.5%2.0%
 Healthcare practitioners and technology6.4%  Unlock6.2%
 Healthcare support  Unlock2.7%3.3%
 Firefighters, law enforcement1.1%  Unlock2.1%
 Food preparation, serving  Unlock4.6%5.4%
 Building maintenance4.7%  Unlock3.6%
 Personal care  Unlock3.0%2.6%
 Sales, office, administrative support12.2%  Unlock20.9%
 Farming, fishing, forestry  Unlock0.9%0.6%
 Construction, extraction, maintenance/repair12.7%  Unlock8.1%
 Production, transportation, material moving  Unlock22.0%13.1%
Reviews for Milbank    1 Reviews

Over 16 years ago

Milbank is a small town with a lot to offer and a safe place to raise your children. Not a lot to do, but major cities are fairly  More

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Reviews for Watertown    5 Reviews

Let me start by saying that I've lived all over the US and spent 3 years in Watertown. On the positive side, Watertown has a lot to offer for a town of 22,000 people.   More

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Many lakes with in driving distances and many public hunting areas but if your looking for the night life its not here this is a small town  More

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Watertown in general has alot of old people, if your in Downtown and watch cars go by it seems as though every other car has a elderly person in it. But apart from all  More

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