Watertown city, Minnesota Demographics & Population 2026
As of 2026, Watertown city, Minnesota has a total population of 4,747, the 159th largest city in Minnesota, with a median household income of $93,008, which is 6% higher than the state average. The poverty rate is 10.1%.
Key Takeaways
- Near full employment with an unemployment rate of just 0.0%.
Watertown city Quick Facts
How Watertown city Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A less diverse community where one racial or ethnic group represents a large majority.
State average: 40 | National average: 60
Education
Educational Attainment (Adults 25+)
Watertown city Rankings in Minnesota
Explore Minnesota Rankings
Other Cities in Carver County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Chaska city | 28,146 | $110,000 | 4.9% | $379,400 |
| Waconia city | 13,223 | $104,929 | 4.2% | $407,600 |
| Victoria city | 10,972 | $192,821 | 1.8% | $572,800 |
| Carver city | 5,935 | $144,408 | 1.5% | $427,600 |
| Norwood Young America city | 3,866 | $67,857 | 9.6% | $289,400 |
| Mayer city | 2,501 | $120,551 | 5.2% | $330,400 |
| Cologne city | 2,146 | $117,344 | 6.1% | $356,600 |
| New Germany city | 581 | $88,438 | 3.7% | $252,600 |
| Hamburg city | 544 | $78,125 | 8.4% | $229,200 |
Cities Similar to Watertown city
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Lonsdale city | 4,789 | $91,719 | $327,100 | 23.7% | 1.4% |
| Dilworth city | 4,664 | $89,577 | $268,100 | 38.2% | 13.7% |
| Oak Park Heights city | 4,782 | $84,639 | $333,600 | 38.4% | 5.5% |
| Becker city | 4,958 | $90,188 | $257,600 | 21.2% | 5.6% |
| Circle Pines city | 4,980 | $96,477 | $277,300 | 42.1% | 4.9% |
Population Overview
Watertown city is a small community located in Minnesota, within Carver County. The total population is 4,747. It ranks as the 159th most populous out of 913 cities and towns in Minnesota.
Age Demographics
The median age in Watertown city is 34.5 years. This is 11% lower than the state median of 38.6 years.
Economy, Income & Housing
The median household income in Watertown city is $93,008. This is 6% higher than the state median of $87,556. Compared to the national median of $78,538, household income here is 18% higher. The poverty rate stands at 10.1%. This is 10% higher than the state poverty rate of 9.2%. The unemployment rate is 0.0%. This is 100% lower than the state rate of 3.9%. The median home value is $315,200. Housing costs are 3% higher than the state median of $305,500. The home-value-to-income ratio is 3.4x. 79.3% of occupied housing units are owner-occupied. This homeownership rate is 10% higher than the state average of 72.4%.
Race & Ethnicity
Watertown city has a predominantly White (non-Hispanic) population, comprising 93.3% of all residents. Hispanic or Latino residents account for 2.6%. The Black or African American population (0.0%) is well below the state average of 6.7%. The Hispanic or Latino population (2.6%) is well below the state average of 6.2%. The Asian population (0.4%) is well below the state average of 5.0%.
Education
22.2% of residents aged 25 and older hold a bachelor's degree or higher. This is 43% lower than the state rate of 38.8%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 95.2%.
Data Sources & Methodology
All demographic data for Watertown city, Minnesota is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Minnesota state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 913 Census-designated places in Minnesota. For official data, visit data.census.gov.
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Frequently Asked Questions
What is the population of Watertown city, Minnesota?
Watertown city, Minnesota has a population of 4,747 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Watertown city, MN?
The median household income in Watertown city is $93,008, which is 18% higher the national median of $78,538.
What is the poverty rate in Watertown city, MN?
The poverty rate in Watertown city is 10.1%. This means approximately 476 residents live below the federal poverty line.
What is the racial makeup of Watertown city, Minnesota?
Watertown city's population is 93.3% White, 0.0% Black, 2.6% Hispanic/Latino, and 0.4% Asian.
What is the median home value in Watertown city, MN?
The median home value in Watertown city is $315,200. The home-value-to-income ratio is 3.4x.
How educated is Watertown city, Minnesota?
22.2% of adults (25+) in Watertown city hold a bachelor's degree or higher, and 4.5% hold a graduate or professional degree.