Watergate, FL
Population 3,709 · Florida
About Watergate, FL
Watergate is a small town located in Florida with a population of 3,709 residents according to the latest US Census Bureau American Community Survey data. The median household income is $72,641 per year, which is 3% below the national median of $75,149. The median age of 45.8 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 Watergate features a median home value of $214,200, which is 13% below the national median of $244,900. This positions Watergate in a moderately priced market relative to the rest of the country. Median monthly rent is $2,109, 81% above the national average of $1,163/month. Of the 1,242 total housing units, 64% are owner-occupied (783 units) and 36% are renter-occupied (443 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Watergate shows an unemployment rate of 8.6%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 24.5%, above the national average of 12.4%. Workers in Watergate have an average one-way commute time of 31.2 minutes.
Education & Demographics
10.0% of Watergate residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 12.8% White, 1.5% Hispanic or Latino, 4.8% Black or African American, and 12.2% Asian residents, with 33.8% of the population being foreign-born.
Cost of Living in Watergate, FL
Compared to national averages, Watergate has a median household income of $72,641 (3% below the national median of $75,149). Home values average $214,200, which is 13% below the national median. Monthly rent at $2,109 is 81% above the US average of $1,163. Within Florida, Watergate's income is 4% below the state average of $75,893, and home values are 39% below the state median of $353,675.
Why Live in Watergate, FL?
Watergate offers affordable housing with a median home value of $214,200, below the US average of $244,900.
Potential considerations include median household income ($72,641) that falls below the national average. However, Watergate’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Watergate has a population of 3,709 with a median age of 45.8 years. Compare Watergate with other cities to see how it stacks up, or explore all cities in Florida.
Similar Cities Near Watergate
Cities in Florida with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Hill 'n Dale | 3,722 | $52,452 | $117,000 | Compare |
| Chipley | 3,678 | $34,311 | $132,800 | Compare |
| Montura | 3,678 | $33,438 | $126,400 | Compare |
| Indian Rocks Beach | 3,667 | $98,279 | $707,700 | Compare |
| Point Baker | 3,757 | $61,442 | $207,600 | Compare |
| North River Shores | 3,655 | $73,635 | $314,100 | Compare |
| Lely | 3,770 | $65,029 | $290,400 | Compare |
| Umatilla | 3,793 | $67,206 | $194,500 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Florida
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Watergate With Other Cities
Frequently Asked Questions about Watergate
What is the population of Watergate, FL?
The population of Watergate, FL is 3,709 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Florida.
What is the median household income in Watergate?
The median household income in Watergate, FL is $72,641 per year, which is 3% below the national median of $75,149.
What is the median home value in Watergate?
The median home value in Watergate, FL is $214,200, which is 13% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Watergate?
The median monthly rent in Watergate, FL is $2,109, which is 81% above the national average of $1,163/month.
What is the unemployment rate in Watergate?
The unemployment rate in Watergate, FL is 8.6%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Watergate, FL a good place to live?
Watergate offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 3,709 and a median age of 45.8, the city appeals to established professionals and retirees.
How educated is Watergate, FL?
10.0% of residents in Watergate aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Watergate?
Key cost-of-living indicators for Watergate, FL: median home value is $214,200 (13% below national), median rent is $2,109/month, and median household income is $72,641. The home-value-to-income ratio is 2.9x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Watergate?
The poverty rate in Watergate, FL is 24.5%, 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 Watergate, FL?
Watergate's population is 12.8% White, 1.5% Hispanic or Latino, 4.8% Black or African American, 12.2% Asian, and 11.2% two or more races. 33.8% of residents are foreign-born.