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CITY

Watertown

Minnesota · 4,789 residents (2025 est.) · 2.626 sq mi
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The short version

Watertown is wealthier than most US places, with a median household income of $99,671. The city has grown rapidly, with population up 58% since 2000. 23% of adults hold a bachelor's degree or higher, below the national rate of 36%. Median home value has roughly tripled since 2000, reaching $337,200. At a median age of 33.3, residents skew younger than the country as a whole. It sits in the top 10% of US cities for household income.

At a glance
Wealthier
above the US median
US median: $82,259
Younger
median age 33.3
US median: 38.9
Less educated
23% hold a bachelor's degree
US average: 36%
Less affordable
home values up 61%, inflation adjusted
US median home: $376,019
Section 01

Population & growth

Total population
4,790
+58%since 2000
from 3,029 in 2000
1990 – 2025
Population density
1,824 / sq mi
+58%since 2000
from 1,153 / sq mi in 2000
US average: 281
Median age
33.3
−1%since 2000
from 33.6 in 2000
US average: 38.9

PEP 2025 EST:4,789 residents (Census Bureau Vintage 2025, released March 2026)

Population, 1990 – 2024
2K3K4K4K5K1990201020202024Watertown
20245K
1990201020202024
Section 02

Income & economy

Median household income
$99,671
+15%inflation adjusted, since 2000
from $47,500 in 2000
US average: $82,259
1990 – 2024
Per capita income
$42,480
+125%since 2000
from $18,918 in 2000
US average: $44,673
Households earning $100K+
69.5%
+34.8 ptssince 2009
from 34.7% in 2009
US average: 53.3%
Poverty rate
7.7%
+1.4 ptssince 2000
from 6.3% in 2000
US average: 12.5%
Income inequality (Gini)
0.338
−5%since 2010
from 0.355 in 2010
US average: 0.476
Workforce by industry, 2024
Retail trade16.3%
US avg: 9.9%
Wholesale trade14.3%
US avg: 6.9%
Information13%
US avg: 10.8%
Other services4.4%
US avg: 6.7%
Public administration4.4%
US avg: 4.8%
Finance & insurance3.9%
US avg: 5.9%
Professional, scientific, technical3.7%
US avg: 5.1%
Transportation & warehousing3.3%
US avg: 2.2%
Arts, entertainment, food1.2%
US avg: 1.9%
Education & health services0.2%
US avg: 0.9%
Agriculture, forestry, fishing0%
US avg: 1.6%
Construction0%
US avg: 1.2%
Manufacturing0%
US avg: 0.4%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$337,200
+61%inflation adjusted, since 2000
from $114,800 in 2000
US average: $376,019
1990 – 2024
Median gross rent
$927
+6%inflation adjusted, since 2000
from $478 in 2000
US average: $1,442
Owner-occupied
82.9%
+2.8 ptssince 2000
from 80.1% in 2000
17.1% rent
Vacancy rate
4.1%
+0.3 ptssince 2009
from 3.7% in 2009
US average: 10.0%
Owner cost-burdened
19.3%
−15.8 ptssince 2009
from 35.2% in 2009
US average: 22.9%
Renter cost-burdened
15.4%
−42.0 ptssince 2009
from 57.5% in 2009
US average: 47.4%
Afford Score
3.4
+40%since 2000
from 2.4 in 2000
1990 – 2024
Gentrification Score
42
RELATED:See current rent listings in Watertown on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic96.9%(2,935)
Black0.3%(10)
Hispanic / Latino1.5%(44)
Asian0.5%(16)
Other0%
Diversity Score5.7%(173)
2024
White, non-Hispanic91.8%(4,399)
Black0.1%(3)
Hispanic / Latino3.4%(163)
Asian0.3%(16)
Other4.4%(209)
Diversity Score19.2%(919)
Diversity Score
19
+235%since 2000
from 6 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
22.5%
+4.7 ptssince 2000
from 17.9% in 2000
US average: 35.6%
High school or higher
94.9%
+13.9 ptssince 2000
from 81.0% in 2000
US average: 89.6%
Graduate degree
5.9%
+1.8 ptssince 2000
from 4.1% in 2000
US average: 14.0%
Section 06

Commute & transportation

Average commute
26.2 min
+33%since 2000
from 19.7 min in 2000
US average: 26.5
Drive alone to work
72.7%
−16.0 ptssince 2009
from 88.7% in 2009
US average: 68.9%
Carpooled to work
4.4%
−1.5 ptssince 2009
from 6.0% in 2009
US average: 8.5%
Public transit
0.1%
+0.1 ptssince 2009
from 0.0% in 2009
US average: 3.2%
Worked from home
18.4%
+16.0 ptssince 2009
from 2.3% in 2009
US average: 15.0%
Walked to work
3.8%
+2.5 ptssince 2009
from 1.3% in 2009
US average: 2.4%
Biked to work
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 0.4%
No vehicle available
3.2%
+0.7 ptssince 2009
from 2.5% in 2009
US average: 8.3%
Section 07

Work & employment

Unemployment rate
0.0%
−9.9 ptssince 2011
from 9.9% in 2011
US average: 5.2%
Labor force participation
75.0%
−1.3 ptssince 2011
from 76.3% in 2011
US average: 63.5%
Self-employed
8.3%
+5.1 ptssince 2009
from 3.2% in 2009
US average: 13.1%
Management & professional
30.6%
−24.8 ptssince 2009
from 55.4% in 2009
US average: 42.5%
Section 08

People & community

Male
49.6%
−1.2 ptssince 2009
from 50.8% in 2009
Female
50.4%
+1.2 ptssince 2009
from 49.2% in 2009
Foreign born
1.4%
+0.8 ptssince 2009
from 0.7% in 2009
US average: 14.1%
Veterans
7.7%
−47.1 ptssince 2009
from 54.8% in 2009
US average: 6.2%
With a disability
11.8%
+1.0 ptssince 2012
from 10.8% in 2012
US average: 13.3%
Uninsured
2.6%
−85.7 ptssince 2013
from 88.3% in 2013
US average: 8.4%
Broadband at home
96.1%
+20.8 ptssince 2017
from 75.3% in 2017
US average: 91.0%
English only at home
99.7%
+4.4 ptssince 2016
from 95.3% in 2016
US average: 77.7%
Spanish at home
0.0%
−2.7 ptssince 2016
from 2.8% in 2016
US average: 13.6%
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Frequently asked

How many people live in Watertown, Minnesota?

Watertown, Minnesota has about 4,790 residents according to the 2024 American Community Survey.

What is the median household income in Watertown, Minnesota?

The typical household in Watertown, Minnesota earns about $99,671 a year. Half of households make more than that, and half make less.

Is Watertown, Minnesota expensive?

In Watertown, Minnesota, the median home is worth about $337,200, and the typical rent is about $927 a month.

How educated are people in Watertown, Minnesota?

About 22.5% of adults age 25 and over in Watertown, Minnesota hold a bachelor's degree or higher.

What is the poverty rate in Watertown, Minnesota?

About 7.7% of people in Watertown, Minnesota live below the federal poverty line.

Has Watertown, Minnesota grown since 1990?

Yes, Watertown, Minnesota has grown since 1990. The population has added about 2,382 residents, a change of about 99 percent over that period.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

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