Watertown MA 02472 is an area with plenty to offer its residents. It is conveniently located close to Cambridge and other major cities in the area. The median 2 bedroom rent cost in Watertown is $2,950 which is slightly higher than the U.S average of $1,430. The grocery cost index for Watertown is 112 versus 100 nationally; however, this still makes it an affordable place to live when compared to other nearby towns.
The town of Watertown has a thriving business district with many local companies such as Pizza Express, Asian Taste Restaurant, and Car Alarm City offering unique services to its residents. There are also well-known retailers such as Target and Starbucks located in the area for those who prefer shopping at larger chains. Overall, the high quality of life combined with a relatively low cost of living make Watertown an attractive place for both families and single individuals alike.
Watertown Town (zip 02472) has an unemployment rate of 4.5%. The US average is 6.0%.
Watertown Town (zip 02472) has seen the job market decrease by -9.1% 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 (zip 02472)
- The Sales Tax Rate for Watertown Town (zip 02472) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Watertown Town (zip 02472) 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 (zip 02472)
- The average income of a Watertown Town (zip 02472) resident is $62,791 a year. The US average is $37,638 a year.
- The Median household income of a Watertown Town (zip 02472) resident is $101,354 a year. The US average is $69,021 a year.