Housing costs in Watertown?
A typical home costs
$355,100, which is 5.0% more expensive than the national average of
$338,100 and 14.7% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Watertown costs
$1,200 per month, which is 3.2% cheaper than the national average of
$1,240 and 16.7% cheaper than the state average of
$1,400.
Can I afford Watertown?
To live comfortably in Watertown (zip 55388), Minnesota, a minimum annual income of
$68,040 for a family, and
$39,200 for a single person is recommended.
What does A.I. say about Watertown?
The cost of living in 55388 Watertown, MN is quite reasonable. According to the latest Cost of Living Index, the city scores a very healthy 90.7 out of 100 in terms of affordability. This score is well above the U.S. average of 88.2 and makes it an attractive option for those looking for a cost effective place to live. Housing costs are particularly low here, with homes typically costing less than half of what they would in similar sized cities elsewhere in the country. In addition, groceries and utilities are also reasonably priced which helps to keep expenses manageable even on a lower budget. All in all, there is much to be gained from living in this small Midwestern town and its cost of living helps make it an even more appealing choice for those looking for a new home.