Watertown, FL
Population 2,797 · Florida
About Watertown, FL
Watertown is a small community in Florida with a population of 2,797 residents. The median household income is $43,164 per year, which is below the national average. The median age in Watertown is 47.1 years.
Housing in Watertown has a median home value of $112,800 and median monthly rent of $837. Of the 1,536 total housing units, renting is more common than owning, with 657 owner-occupied and 671 renter-occupied units.
The unemployment rate in Watertown is 23.9% and the poverty rate is 38.1%. 8.2% of residents hold a bachelor's degree or higher. The average commute time is 14.9 minutes.
Cost of Living in Watertown, FL
Compared to national averages, Watertown has a median household income of $43,164 (43% below the national median of $75,149). Home values average $112,800, which is 54% below the national median. Monthly rent at $837 is 28% below the US average of $1,163. Within Florida, Watertown's income is 43% below the state average of $75,893, and home values are 68% below the state median of $353,675.
Why Live in Watertown, FL?
Watertown offers affordable housing with a median home value of $112,800, below the US average of $244,900, and rent that’s lower than the national average at $837/month, and short commute times averaging just 14.9 minutes.
Potential considerations include median household income ($43,164) that falls below the national average. However, Watertown’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Watertown has a population of 2,797 with a median age of 47.1 years. Compare Watertown with other cities to see how it stacks up, or explore all cities in Florida.
Similar Cities Near Watertown
Cities in Florida with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Inverness Highlands North | 2,785 | $58,859 | $166,300 | Compare |
| De Leon Springs | 2,784 | $53,468 | $240,000 | Compare |
| Bonifay | 2,782 | $39,630 | $116,000 | Compare |
| Vamo | 2,845 | $85,094 | $309,900 | Compare |
| Hypoluxo | 2,744 | $79,583 | $249,900 | Compare |
| Hurlburt Field | 2,867 | $46,683 | $0 | Compare |
| Island Walk | 2,724 | $78,857 | $579,800 | Compare |
| Olga | 2,876 | $90,733 | $306,500 | 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 Watertown
What is the population of Watertown, FL?
The population of Watertown, FL is 2,797 according to the latest Census data.
What is the median household income in Watertown?
The median household income in Watertown, FL is $43,164 per year.
What is the median home value in Watertown?
The median home value in Watertown, FL is $112,800.
What is the average rent in Watertown?
The median monthly rent in Watertown, FL is $837.
What is the unemployment rate in Watertown?
The unemployment rate in Watertown, FL is 23.9%.