Living in Watergate, Florida
Cost of living, income, home prices, rent and demographics of Watergate · Census data 2020–2024
Watergate has 3,782 residents with a median age of 40.8. The median household income is $67,071 (10% lower than the Florida median), the median home value is $222,000, the median rent is $2,076/month.
Watergate at a glance
- Population
- 3,782
- Median age
- 40.8State: 42.6
- Median household income
- $67,071State: $74,568
- Median home value
- $222,000State: $359,000
- Median rent
- $2,076/moState: $1,669
- Homeowners
- 60.8%
- Bachelor's degree or higher
- 13.8%
- Average commute
- 31 min
Is Watergate a good place to live?
Pros: Home values 38% lower than the state median.
Cons: Median household income 10% lower than the Florida median; an average commute of 31 minutes; unemployment of 8.7%; a poverty rate of 21.9%.
The weather is best in December to March.
Cost of living in Watergate
Housing is the biggest part of the cost of living. In Watergate the median home value is $222,000, 33% lower than the U.S. median. Renters pay a median of $2,076 per month, which is 33.3% of household income. Homeowners with a mortgage pay $1,892 a month in housing costs.
Watergate median household income
The median household income in Watergate is $67,071 and the income per person is $25,065. 21.9% of residents live below the poverty line (Florida: 12.6%).
Housing in Watergate: homes for sale and rent
- Housing units
- 1,181
- Owner-occupied
- 60.8%
- Renter-occupied
- 39.2%
- Vacant
- 0%Includes seasonal homes
- Median year built
- 1988
- Average household size
- 3.20
Watergate demographics
- Population
- 3,782
- Median age
- 40.8
- Under 18
- 16.8%
- 65 and older
- 12.8%
- Households
- 1,181
- Foreign-born
- 29.9%
- Veterans
- 2.2%Adults 18+
Hispanic or Latino can be of any race. Population history of Watergate ›
Education in Watergate
13.8% of adults 25 and older in Watergate have a bachelor's degree or higher (Florida: 34.1%), and 6.5% have a graduate or professional degree.
Jobs and commute in Watergate
- Unemployment rate
- 8.7%State: 4.8%
- Average commute
- 31 minState: 28 min
- Work from home
- 3.1%
- Drive alone
- 82.1%
- Public transit
- 1.5%
- Walk to work
- 0%
- Homes with broadband
- 100%
Watergate vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Watergate | 3,782 | $67,071 | $222,000 | $2,076 |
| Hillsboro Pines | 457 | $84,651 | $692,900 | — |
| Parkland | 37,178 | $198,669 | $983,000 | $3,157 |
| Coconut Creek | 58,330 | $75,014 | $309,600 | $2,102 |
| Coral Springs | 136,103 | $93,602 | $545,400 | $2,084 |
| Deerfield Beach | 88,093 | $59,730 | $309,600 | $1,774 |
| Margate | 59,198 | $62,450 | $316,200 | $1,750 |
| Boca Raton | 100,234 | $106,273 | $722,700 | $2,508 |
| Pompano Beach | 114,147 | $67,195 | $349,300 | $1,724 |
More for people moving to Watergate
Watergate ZIP code ›Weather and climate ›Living in Watergate: FAQ
What is the median household income in Watergate, FL?
The median household income in Watergate is $67,071, 10% lower than the Florida median of $74,568 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Watergate?
The median home value in Watergate is $222,000, compared with $359,000 in Florida.
How much is rent in Watergate?
The median gross rent in Watergate is $2,076 per month, about 33.3% of household income.
Is Watergate, FL a good place to live?
Pluses: home values 38% lower than the state median. Minuses: median household income 10% lower than the Florida median; an average commute of 31 minutes; unemployment of 8.7%; a poverty rate of 21.9%.
What is the median age in Watergate?
The median age in Watergate is 40.8 years (Florida: 42.6).
How long is the commute in Watergate?
The average commute to work in Watergate is 31 minutes; 3.1% of workers work from home.
What is the unemployment rate in Watergate?
The unemployment rate in Watergate is 8.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Watergate?
13.8% of adults in Watergate have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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