Watertown, SD Metro Area is an affordable place to live for those who are looking for cheaper rental prices. The cost of rent for a two bedroom in Watertown is $890, while the national average is $1,430. The Grocery Cost Index in Watertown is 98 points compared to the US average of 100 points, making it an even more attractive place to settle down. There are several local companies that call Watertown home such as New Holland Corporation, Dakota State University and Codingzap Inc. Overall, Watertown Metro Area provides affordability through lower housing costs and a competitive grocery cost index.
Watertown Metro Area has an unemployment rate of 3.5%. The US average is 6.0%.
Watertown Metro Area has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 25.8%, which is lower than the US average of 33.5%.
Tax Rates for Watertown Metro Area
- The Sales Tax Rate for Watertown Metro Area is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Watertown Metro Area 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 Metro Area
- The average income of a Watertown Metro Area resident is $25,624 a year. The US average is $28,555 a year.
- The Median household income of a Watertown Metro Area resident is $63,268 a year. The US average is $69,021 a year.