Watertown, MN
Population 4,747 · Minnesota
About Watertown, MN
Watertown is a small community in Minnesota with a population of 4,747 residents. The median household income is $93,008 per year, which is above the national average. The median age in Watertown is 34.5 years.
Housing in Watertown has a median home value of $315,200 and median monthly rent of $967. Of the 1,877 total housing units, the majority are owner-occupied, with 1,435 owner-occupied and 374 renter-occupied units.
The unemployment rate in Watertown is 0.0% and the poverty rate is 10.1%. 22.2% of residents hold a bachelor's degree or higher. The average commute time is 26.9 minutes.
Cost of Living in Watertown, MN
Compared to national averages, Watertown has a median household income of $93,008 (24% above the national median of $75,149). Home values average $315,200, which is 29% above the national median. Monthly rent at $967 is 17% below the US average of $1,163. Within Minnesota, Watertown's income is 25% above the state average of $74,221, and home values are 54% above the state median of $204,472.
Why Live in Watertown, MN?
Watertown offers a strong local economy with a median household income of $93,008, well above the national average, and rent that’s lower than the national average at $967/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features a low poverty rate of 10.1%, better than the national average.
Watertown has a population of 4,747 with a median age of 34.5 years. Compare Watertown with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Watertown
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| St. James | 4,740 | $57,031 | $109,600 | Compare |
| Chisholm | 4,731 | $54,815 | $108,100 | Compare |
| Oak Park Heights | 4,782 | $84,639 | $333,600 | Compare |
| Windom | 4,786 | $67,813 | $158,000 | Compare |
| Lonsdale | 4,789 | $91,719 | $327,100 | Compare |
| Dilworth | 4,664 | $89,577 | $268,100 | Compare |
| Sauk Centre | 4,589 | $65,763 | $196,000 | Compare |
| Luverne | 4,907 | $66,145 | $181,100 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Minnesota
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, MN?
The population of Watertown, MN is 4,747 according to the latest Census data.
What is the median household income in Watertown?
The median household income in Watertown, MN is $93,008 per year.
What is the median home value in Watertown?
The median home value in Watertown, MN is $315,200.
What is the average rent in Watertown?
The median monthly rent in Watertown, MN is $967.
What is the unemployment rate in Watertown?
The unemployment rate in Watertown, MN is 0.0%.