Watertown, CT is a small town located in northern Connecticut. It has a population of approximately 21,000 people. The cost of living in Watertown is slightly higher than the national average, with two-bedroom apartment rents averaging $1,480 as compared to the US average of $1,430. Additionally, Watertown’s grocery cost index is 105 compared to 100 in the US.
Watertown has numerous local companies and attractions that make it a great place to live and visit. Some notable businesses include Campbell Plumbing & Heating and O'Rourke's Diner which serve the community by providing quality services and food respectively. The town also has some interesting places to visit such as the Little Museum of Watertown History or the Stanley Quarter Park which offers recreational activities such as picnicking, walking trails and playgrounds for children. In addition, residents can enjoy entertainment options such as the Palace Theater which hosts many concerts and other performances throughout the year.
Watertown has an unemployment rate of 7.1%. The US average is 6.0%.
Watertown has seen the job market decrease by -0.7% over the last year. Future job growth over the next ten years is predicted to be 26.3%, which is lower than the US average of 33.5%.
Tax Rates for Watertown
- The Sales Tax Rate for Watertown is 6.4%. The US average is 7.3%.
- The Income Tax Rate for Watertown is 5.5%. 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 $37,140 a year. The US average is $28,555 a year.
- The Median household income of a Watertown resident is $81,357 a year. The US average is $69,021 a year.