Cost of living in Watertown, Minnesota
Simple answer
Typical rent is $927 a month.
Watertown is a city in Minnesota. That rent number includes utilities. A typical household earns $99,671 a year.
- People
- 4,790
- Census average, 2020–2024
- Typical rent
- $927
- Median gross rent, includes utilities
- Typical pay
- $99,671
- Median household income, yearly
- Typical home
- $337,200
- Median home value
- 2-bedroom fair rent
- $1,734
- Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area
Watertown, Minnesota has about 4,790 people. That count is a 2020–2024 Census average, not a headcount from one day.
A typical home is worth about $337,200.
HUD's fair-market rent for a 2-bedroom in Carver County is $1,734 a month. That is the county number, not an apartment listing in Watertown. It runs from October 2026 through September 2027.
In the Minneapolis-St. Paul-Bloomington, MN-WI metro area, prices sit at 104.8 when the U.S. average is 100. That is a 2024 BEA index.
Minnesota taxes wages. A typical combined sales tax is 8.1% as of January 1, 2026. That mix is statewide, not Watertown's exact store tax.
In July 2026, a typical Minnesota home paid 17.45¢ per kilowatt-hour. That is a state average from EIA, not Watertown's bill.
In 2025, all-grades gas in Minnesota averaged $3.02 a gallon. EIA prints this yearly price for only some states.
Among 338 places we list in Minnesota with a rent figure, 206 have higher typical rent than Watertown.
Nearby places
- Mayer
Typical rent $1,563
Compare with Watertown - Delano
Typical rent $964
Compare with Watertown - St. Bonifacius
Typical rent $1,270
Compare with Watertown - Minnetrista
Typical rent $3,501
Compare with Watertown - Independence
Typical rent $3,469
Compare with Watertown - Montrose
Typical rent $1,474
Compare with Watertown - Waconia
Typical rent $1,330
- Mound
Typical rent $1,098
EBT nearby
USDA has a live map of stores that take SNAP. We did not copy that store list here. The downloadable file is a history file for 2005 through 2025, so the live map is the one to use.
Locator page updated 2026-09-11. Last checked 2026-10-16.
Food stamps (SNAP) tools in Minnesota
Bigger places in Minnesota
Census 2020-2024. HUD rents for October 2026–September 2027. BEA prices for 2024. Taxes as of January 1, 2026. Checked 2026-10-16. 15,000 places are in this guide.