Watertown, TN is a small town in Wilson County. It is home to several local businesses such as Watertown Mercantile and Thompson's Hardware. The cost of living in Watertown is quite reasonable with the average two bedroom rent being $1,160 per month compared to $1,430 nationally. Grocery costs are similarly lower than the national average index of 100 with an index score of 98 for Watertown. All in all, Watertown offers a comfortable lifestyle at a very affordable price.
Watertown has an unemployment rate of 4.0%. The US average is 6.0%.
Watertown has seen the job market increase by 2.3% over the last year. Future job growth over the next ten years is predicted to be 52.9%, which is higher than the US average of 33.5%.
Tax Rates for Watertown
- The Sales Tax Rate for Watertown is 9.3%. The US average is 7.3%.
- The Income Tax Rate for Watertown is 0.0%. 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 $21,798 a year. The US average is $37,638 a year.
- The Median household income of a Watertown resident is $50,294 a year. The US average is $69,021 a year.