Watertown, CT (06795) is a small town in Litchfield County, and is home to many local businesses. The median 2 bedroom rent in Watertown is $1,410, just a bit less than the national median of $1,430. Grocery cost index in Watertown is 106 compared to 100 nationwide. This means that basic necessities may be slightly more expensive than other areas of the country. There are lots of local companies that call Watertown home such as Colebrook Candleworks, Litchfield Distillery, and Robinson & Cole law firm. Watertown may be small but it has plenty of charm and opportunity for residents.
Watertown (zip 06795) has an unemployment rate of 7.1%. The US average is 6.0%.
Watertown (zip 06795) 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 (zip 06795)
- The Sales Tax Rate for Watertown (zip 06795) is 6.4%. The US average is 7.3%.
- The Income Tax Rate for Watertown (zip 06795) 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 (zip 06795)
- The average income of a Watertown (zip 06795) resident is $42,810 a year. The US average is $28,555 a year.
- The Median household income of a Watertown (zip 06795) resident is $82,386 a year. The US average is $69,021 a year.