Watergate, FL
Population 3,709 · Florida
About Watergate, FL
Watergate is a small community in Florida with a population of 3,709 residents. The median household income is $72,641 per year, which is above the national average. The median age in Watergate is 45.8 years.
Housing in Watergate has a median home value of $214,200 and median monthly rent of $2,109. Of the 1,242 total housing units, the majority are owner-occupied, with 783 owner-occupied and 443 renter-occupied units.
The unemployment rate in Watergate is 8.6% and the poverty rate is 24.5%. 10.0% of residents hold a bachelor's degree or higher. The average commute time is 31.2 minutes.
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.
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Frequently Asked Questions about Watergate
What is the population of Watergate, FL?
The population of Watergate, FL is 3,709 according to the latest Census data.
What is the median household income in Watergate?
The median household income in Watergate, FL is $72,641 per year.
What is the median home value in Watergate?
The median home value in Watergate, FL is $214,200.
What is the average rent in Watergate?
The median monthly rent in Watergate, FL is $2,109.
What is the unemployment rate in Watergate?
The unemployment rate in Watergate, FL is 8.6%.