Watertown, FL
Population 2,797 · Florida
About Watertown, FL
Watertown is a small town located in Florida with a population of 2,797 residents according to the latest US Census Bureau American Community Survey data. The median household income is $43,164 per year, which is 43% below the national median of $75,149. The median age of 47.1 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 $112,800, which is 54% below the national median of $244,900. This makes Watertown one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $837, 28% below the national average of $1,163/month. Of the 1,536 total housing units, 49% are owner-occupied (657 units) and 51% are renter-occupied (671 units). The higher proportion of renters may reflect a transient population, younger demographics, or high housing costs relative to income.
Economy & Employment
The local economy in Watertown shows an unemployment rate of 23.9%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 38.1%, above the national average of 12.4%. Workers in Watertown have an average one-way commute time of 14.9 minutes, one of the shorter commutes in the region.
Education & Demographics
8.2% of Watertown 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 0.5% White, 2.6% Hispanic or Latino, 4.3% Black or African American, and 1.6% Asian residents, with 1.7% of the population being foreign-born.
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.
Compare Watertown With Other Cities
Frequently Asked Questions about Watertown
What is the population of Watertown, FL?
The population of Watertown, FL is 2,797 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 Watertown?
The median household income in Watertown, FL is $43,164 per year, which is 43% below the national median of $75,149.
What is the median home value in Watertown?
The median home value in Watertown, FL is $112,800, which is 54% below the national median of $244,900. A significant portion of residents rent their homes.
What is the average rent in Watertown?
The median monthly rent in Watertown, FL is $837, which is 28% below the national average of $1,163/month.
What is the unemployment rate in Watertown?
The unemployment rate in Watertown, FL is 23.9%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Watertown, FL a good place to live?
Watertown offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 2,797 and a median age of 47.1, the city appeals to established professionals and retirees.
How educated is Watertown, FL?
8.2% of residents in Watertown 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 Watertown?
Key cost-of-living indicators for Watertown, FL: median home value is $112,800 (54% below national), median rent is $837/month, and median household income is $43,164. The home-value-to-income ratio is 2.6x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Watertown?
The poverty rate in Watertown, FL is 38.1%, 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, FL?
Watertown's population is 0.5% White, 2.6% Hispanic or Latino, 4.3% Black or African American, 1.6% Asian, and 25.5% two or more races. 1.7% of residents are foreign-born.