Living in Watertown, Tennessee
Cost of living, income, home prices, rent and demographics of Watertown · Census data 2020–2024
Watertown has 1,463 residents with a median age of 45.1. The median household income is $68,148 (about the same as the Tennessee median), the median home value is $250,000, the median rent is $1,036/month.
Watertown is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Watertown at a glance
- Population
- 1,463
- Median age
- 45.1State: 38.9
- Median household income
- $68,148State: $69,595
- Median home value
- $250,000State: $286,700
- Median rent
- $1,036/moState: $1,189
- Homeowners
- 74.1%
- Bachelor's degree or higher
- 16%
- Average commute
- 28 min
Is Watertown a good place to live?
Pros: Home values 13% lower than the state median; a poverty rate of 7.3%.
Cons: Median household income about the same as the Tennessee median; an average commute of 28 minutes; unemployment of 5.5%.
The weather is best in April–May and September–October.
Cost of living in Watertown
Housing is the biggest part of the cost of living. In Watertown the median home value is $250,000, 25% lower than the U.S. median. Renters pay a median of $1,036 per month, which is 27.7% of household income. Homeowners with a mortgage pay $1,212 a month in housing costs.
Watertown median household income
The median household income in Watertown is $68,148 and the income per person is $34,365. 7.3% of residents live below the poverty line (Tennessee: 13.8%).
Housing in Watertown: homes for sale and rent
- Housing units
- 642
- Owner-occupied
- 74.1%
- Renter-occupied
- 25.9%
- Vacant
- 6.2%Includes seasonal homes
- Median year built
- 1971
- Average household size
- 2.43
Watertown demographics
- Population
- 1,463
- Median age
- 45.1
- Under 18
- 20.7%
- 65 and older
- 15.7%
- Households
- 602
- Foreign-born
- 0.5%
- Veterans
- 5.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Watertown ›
Education in Watertown
16% of adults 25 and older in Watertown have a bachelor's degree or higher (Tennessee: 31.1%), and 4.2% have a graduate or professional degree.
Jobs and commute in Watertown
- Unemployment rate
- 5.5%State: 4.7%
- Average commute
- 28 minState: 26 min
- Work from home
- 10.7%
- Drive alone
- 82.1%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 82.7%
Watertown vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Watertown | 1,463 | $68,148 | $250,000 | $1,036 |
| Alexandria | 1,136 | $50,116 | $220,100 | $789 |
| Norene | 137 | $122,054 | $341,700 | — |
| Tuckers Crossroads | 426 | $92,679 | $428,600 | — |
| Auburntown | 318 | $73,571 | $245,200 | $1,067 |
| Liberty | 406 | $45,781 | $186,500 | $534 |
| Dowelltown | 434 | $35,313 | $155,700 | $695 |
| Gordonsville | 1,299 | $57,688 | $251,400 | $889 |
| Lebanon | 44,788 | $72,848 | $378,400 | $1,306 |
More for people moving to Watertown
Watertown ZIP code ›Weather and climate ›Living in Watertown: FAQ
What is the median household income in Watertown, TN?
The median household income in Watertown is $68,148, about the same as the Tennessee median of $69,595 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Watertown?
The median home value in Watertown is $250,000, compared with $286,700 in Tennessee.
How much is rent in Watertown?
The median gross rent in Watertown is $1,036 per month, about 27.7% of household income.
Is Watertown, TN a good place to live?
Pluses: home values 13% lower than the state median; a poverty rate of 7.3%. Minuses: median household income about the same as the Tennessee median; an average commute of 28 minutes; unemployment of 5.5%.
What is the median age in Watertown?
The median age in Watertown is 45.1 years (Tennessee: 38.9).
How long is the commute in Watertown?
The average commute to work in Watertown is 28 minutes; 10.7% of workers work from home.
What is the unemployment rate in Watertown?
The unemployment rate in Watertown is 5.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Watertown?
16% of adults in Watertown 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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