Watertown Township, MN is a great place to live. The 2 bedroom rent in the area is more affordable compared to the US average, at $1,240 versus $1,430 respectively. Additionally, the Grocery Cost Index in Watertown Township is 101 versus 100 in the US. This means that groceries are more affordable in this area than the rest of the country. There are several local businesses in Watertown Township such as The Farmers’ Market of Watertown Township which is a great place to buy fresh and local produce; J&R Liquor Store to purchase wine and beer; and Norm’s Tire & Automotive Services for all your automotive needs. All of these businesses provide excellent services and products to their customers making them great establishments for locals and visitors alike.
Watertown township has an unemployment rate of 3.7%. The US average is 6.0%.
Watertown township has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 38.0%, which is higher than the US average of 33.5%.
Tax Rates for Watertown township
- The Sales Tax Rate for Watertown township is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Watertown township is 7.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Watertown township
- The average income of a Watertown township resident is $39,963 a year. The US average is $28,555 a year.
- The Median household income of a Watertown township resident is $82,083 a year. The US average is $69,021 a year.