Watertown Town, MA is a vibrant and thriving community located in Massachusetts. It offers a wealth of amenities and attractions that make it an ideal place to call home. With its two bedroom rent at $2,990, Watertown Town is significantly higher than the average US rent of $1,430. This makes for an expensive rental market but with its local businesses such as The Fish Market, a seafood restaurant; Grocery Wagon, an organic grocery store; and Boston Bikes, a bike shop, living here can be very affordable. The Grocery Cost Index in Watertown Town is 112 versus 100 in the US, meaning prices are slightly more expensive than the rest of the country. Despite this, there are plenty of opportunities to find great deals on food and everyday items.
Watertown Town has an unemployment rate of 4.5%. The US average is 6.0%.
Watertown Town has seen the job market increase by 4.3% over the last year. Future job growth over the next ten years is predicted to be 46.0%, which is higher than the US average of 33.5%.
Tax Rates for Watertown Town
- The Sales Tax Rate for Watertown Town is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Watertown Town is 5.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Watertown Town
- The average income of a Watertown Town resident is $45,822 a year. The US average is $28,555 a year.
- The Median household income of a Watertown Town resident is $101,402 a year. The US average is $69,021 a year.