Zip 02472 (Watertown Town, MA) Economy


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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 increase by 4.3% 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 $45,780 a year. The US average is $28,555 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.

Income by Population Percent

  EconomyWatertown Town, MassachusettsUnited States
  4.56
  -9.1%-6.2%
  46.0%33.5%
  6.3%6.2%
  5.1%4.6%
  $62,791$37,638
  $101,354$69,021
  $126,886$85,028
  Population by Occupation
  0.1%1.2%
  0.1%0.5%
  4.3%6.8%
  5.7%10.0%
  1.7%2.5%
  7.2%11.0%
  1.8%4.8%
  0.5%0.8%
  2.3%1.9%
  4.7%4.7%
  2.1%1.9%
  19.0%7.6%
  0.0%0.1%
  3.5%4.2%
  17.9%9.3%
  14.7%14.0%
  2.6%2.1%
  3.0%7.0%
  5.2%4.8%
  3.6%4.7%
Health