Watertown, South Dakota is a city located in Codington County. It has a population of 21,482 according to the 2020 US Census. The average 2 Bedroom rent in Watertown is $910 compared to the US national average of $1,430. The Grocery Cost Index in Watertown is also 100 which is equal to the US index as well. Those looking for housing and groceries in Watertown can contact local companies such as Jobbers Inc., Bob's Realty Co., or Martin Grocery for assistance. These local businesses offer competitive rates and knowledgeable staff who are familiar with the area. With these services, it makes renting a home and buying groceries easy for those living in Watertown, South Dakota.
Watertown (zip 57201) has an unemployment rate of 3.5%. The US average is 6.0%.
Watertown (zip 57201) 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 (zip 57201)
- The Sales Tax Rate for Watertown (zip 57201) is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Watertown (zip 57201) 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 (zip 57201)
- The average income of a Watertown (zip 57201) resident is $25,547 a year. The US average is $28,555 a year.
- The Median household income of a Watertown (zip 57201) resident is $61,323 a year. The US average is $69,021 a year.