Watertown, MN Cost of Living


0 Reviews



Download our custom City Report to see exclusive
data on cost of living, crime, climate, and more.

Watertown cost of living score
112.9
More expensive
12.9% higher
than the US average
16.2% higher
than the Minnesota average
Watertown, Minnesota gets a BestPlaces Cost of Living score of 112.9, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 12.9% higher than the U.S. average and 16.2% higher than the average for Minnesota.

Watertown, MN

Housing costs in Watertown?
A typical home costs $343,200, which is 1.5% more expensive than the national average of $338,100 and 10.9% more expensive than the average Minnesota home, at $309,500. Renting a two-bedroom unit in Watertown costs $1,190 per month, which is 16.8% cheaper than the national average of $1,430 and 4.2% cheaper than the state average of $1,240.

Can I afford Watertown?
To live comfortably in Watertown, Minnesota, a minimum annual income of $65,880 for a family, and $38,800 for a single person is recommended.

What does A.I. say about Watertown?
Watertown, MN is an affordable place to live. The cost of living in the city is relatively low compared to other cities in the United States. Housing costs are reasonable, with average rent for a two-bedroom apartment coming in at about $737 per month. Groceries and utilities are also reasonably priced, making it easy to save money for other expenses. In addition, there are plenty of restaurants and shopping options available that make enjoying life in Watertown even easier on the wallet. All in all, Watertown offers a great quality of life without breaking the bank.
   Cost of living score
     CategoriesWatertownMinnesotaUnited States
  112.997.2100.0
  100.897.2100
  73.678.3100.0
  107.1102.9100.0
  $343,200$309,500$338,100
  99.0%95.7%100.0%
  109.296.4100.0
  136.2117.4100.0

   100=National Average

   Average Rent by Bedroom Size
Crime
Compare Watertown, MN cost of living
Compare food, housing, utilities, and more in Watertown, Minnesota to any other city in the US.