2025 Compare Cities Economy:
Watertown, SD vs Hot Springs, SD

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Highlights
- Household income in Hot Springs, is 22% less than it is in Watertown and is 56% below the National Average.
- Watertown unemployment rate is 3.5%.
- Hot Springs unemployment rate is 4.4%.
 Watertown, SDHot Springs, SDUnited States
 Unemployment Rate  Unlock4.4%6.0%
 Recent Job Growth  Unlock1.2%1.6%
 Future Job Growth25.8%  Unlock33.5%
 Sales Taxes6.5%  Unlock6.2%
 Income Taxes  Unlock0.0%4.6%
 Income per Cap.$32,547  Unlock$37,638
 Household Income  Unlock$44,167$69,021
 Family Median Income$75,493  Unlock$85,028
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 Est. Households By Income
 Watertown, SDHot Springs, SDUnited States
 Income Less Than 15K  Unlock21.2%9.4%
 Income between 15K and 20K5.4%  Unlock3.8%
 Income between 20K and 30K  Unlock9.5%8.1%
 Income between 30K and 40K10.7%  Unlock8.0%
 Income between 40K and 50K  Unlock13.5%7.6%
 Income between 50K and 60K9.1%  Unlock7.2%
 Income between 60K and 75K  Unlock6.3%9.6%
 Income between 75K and 100K14.4%  Unlock12.8%
 Income between 100K and 150K  Unlock15.5%16.3%
 Income between 150K and 200K2.8%  Unlock7.8%
 Income greater than 200K  Unlock0.0%9.5%
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 Population By Occupation
 Watertown, SDHot Springs, SDUnited States
 Management, business, finance14.2%  Unlock16.4%
 Engineering, computers, science  Unlock0.9%6.5%
 Community, social services1.7%  Unlock1.8%
 Legal  Unlock0.0%1.2%
 Education, library5.2%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock2.0%2.0%
 Healthcare practitioners and technology5.3%  Unlock6.2%
 Healthcare support  Unlock5.9%3.3%
 Firefighters, law enforcement3.1%  Unlock2.1%
 Food preparation, serving  Unlock8.6%5.4%
 Building maintenance2.8%  Unlock3.6%
 Personal care  Unlock9.3%2.6%
 Sales, office, administrative support21.9%  Unlock20.9%
 Farming, fishing, forestry  Unlock0.0%0.6%
 Construction, extraction, maintenance/repair6.6%  Unlock8.1%
 Production, transportation, material moving  Unlock10.2%13.1%
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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Reviews for Hot Springs    3 Reviews

Over 2 years ago

We are South Dakota natives and we moved to Hot Springs in 2023 after retiring. This move was predicated on a long-time knowledge of the city and many visits here going  More

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Over 11 years ago

Hot Springs, South Dakota has everything a retired person could want. I moved here (from Connecticut) ten years ago and I've never been happier. We have a beautiful  More

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This is a small town, suitable for those who like the Black Hills and want someplace quieter than Rapid City (and a little warmer -- it's located in a kind of climatic  More

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