Watertown, CT
Population 4,215 · Connecticut
About Watertown, CT
Watertown is a small town located in Connecticut with a population of 4,215 residents according to the latest US Census Bureau American Community Survey data. The median household income is $98,003 per year, which is 30% above the national median of $75,149. The median age of 42.5 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Watertown features a median home value of $278,500, which is 14% above the national median of $244,900. This positions Watertown in a moderately priced market relative to the rest of the country. Median monthly rent is $1,115, 4% below the national average of $1,163/month. Of the 1,709 total housing units, 75% are owner-occupied (1,179 units) and 25% are renter-occupied (394 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Watertown shows an unemployment rate of 6.0%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 13.8%, above the national average of 12.4%. Workers in Watertown have an average one-way commute time of 21.6 minutes.
Education & Demographics
40.4% of Watertown residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 0.6% White, 0.1% Hispanic or Latino, 3.6% Black or African American, and 0.7% Asian residents, with 10.3% of the population being foreign-born.
How Watertown Ranks in Connecticut
Cost of Living in Watertown, CT
Compared to national averages, Watertown has a median household income of $98,003 (30% above the national median of $75,149). Home values average $278,500, which is 14% above the national median. Monthly rent at $1,115 is 4% below the US average of $1,163. Within Connecticut, Watertown's income is 20% below the state average of $123,065, and home values are 46% below the state median of $516,920.
Why Live in Watertown, CT?
Watertown offers a strong local economy with a median household income of $98,003, well above the national average, and rent that’s lower than the national average at $1,115/month, and a well-educated community where 40.4% of residents hold a bachelor’s degree or higher. Additionally, the city features short commute times averaging just 21.6 minutes.
Watertown has a population of 4,215 with a median age of 42.5 years. Compare Watertown with other cities to see how it stacks up, or explore all cities in Connecticut.
Similar Cities Near Watertown
Cities in Connecticut with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Danielson | 4,185 | $71,672 | $219,800 | Compare |
| Long Hill CDP (Southeastern Connecticut County), Connecticut | 4,292 | $84,338 | $169,200 | Compare |
| Collinsville | 4,001 | $104,808 | $376,800 | Compare |
| Mystic | 4,441 | $146,042 | $493,200 | Compare |
| Heritage Village | 4,517 | $53,266 | $221,600 | Compare |
| Oronoque | 3,908 | $70,264 | $318,900 | Compare |
| Quinnipiac University | 3,821 | $0 | $0 | Compare |
| Colchester | 4,624 | $79,685 | $280,500 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Connecticut
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Watertown With Other Cities
Frequently Asked Questions about Watertown
What is the population of Watertown, CT?
The population of Watertown, CT is 4,215 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Connecticut.
What is the median household income in Watertown?
The median household income in Watertown, CT is $98,003 per year, which is 30% above the national median of $75,149.
What is the median home value in Watertown?
The median home value in Watertown, CT is $278,500, which is 14% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Watertown?
The median monthly rent in Watertown, CT is $1,115, which is 4% below the national average of $1,163/month.
What is the unemployment rate in Watertown?
The unemployment rate in Watertown, CT is 6.0%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Watertown, CT a good place to live?
Watertown offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 4,215 and a median age of 42.5, the city appeals to a broad range of residents.
How educated is Watertown, CT?
40.4% of residents in Watertown aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Watertown?
Key cost-of-living indicators for Watertown, CT: median home value is $278,500 (14% above national), median rent is $1,115/month, and median household income is $98,003. The home-value-to-income ratio is 2.8x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Watertown?
The poverty rate in Watertown, CT is 13.8%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Watertown, CT?
Watertown's population is 0.6% White, 0.1% Hispanic or Latino, 3.6% Black or African American, 0.7% Asian, and 2.1% two or more races. 10.3% of residents are foreign-born.