Watertown, Minnesota Demographics & Population 2026
During the 2020–2024 ACS period, Watertown, Minnesota had a total population of 4,790, the 158th largest city in Minnesota, with a median household income of $99,671, which is 12% higher than the state average. The poverty rate is 7.7%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Watertown Quick Facts
How Watertown Changed
Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.
| Metric | 2019–2023 | 2020–2024 | Change |
|---|---|---|---|
| Population | 4,747 | 4,790 | +0.9% |
| Median household income | $93,008 | $99,671 | +7.2% |
| Median home value | $315,200 | $337,200 | +7.0% |
How Watertown Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
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: 41 | National average: 61
Education
Educational Attainment (Adults 25+)
Watertown Rankings in Minnesota
Explore Minnesota Rankings
Other Cities in Carver County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Chaska | 28,706 | $110,956 | 5.8% | $404,700 |
| Waconia | 13,434 | $111,031 | 4.0% | $431,000 |
| Victoria | 11,295 | $195,639 | 2.1% | $581,200 |
| Carver | 6,239 | $147,697 | 2.5% | $445,800 |
| Norwood Young America | 3,849 | $71,364 | 11.5% | $299,300 |
| Mayer | 2,518 | $124,917 | 4.9% | $342,700 |
| Cologne | 2,282 | $129,398 | 5.2% | $383,600 |
| New Germany | 595 | $93,864 | 4.8% | $258,000 |
| Hamburg | 547 | $72,188 | 12.6% | $239,900 |
| Crown College | 422 | N/A | 0.0% | N/A |
Cities Similar to Watertown
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Lonsdale | 4,896 | $95,176 | $357,000 | 25.1% | 1.3% |
| Lindstrom | 4,978 | $98,226 | $358,100 | 21.4% | 6.5% |
| Circle Pines | 4,968 | $101,800 | $293,600 | 42.2% | 3.6% |
| Dilworth | 4,713 | $90,694 | $261,800 | 41.5% | 15.1% |
| Rockford | 4,597 | $94,162 | $329,200 | 38.1% | 4.8% |
Population Overview
Watertown is a small community located in Minnesota, within Carver County. The total population is 4,790. It ranks as the 158th most populous out of 914 Census-designated places in Minnesota.
Age Demographics
The median age in Watertown is 33.3 years. This is 14% lower than the state median of 38.8 years.
Economy, Income & Housing
The median household income in Watertown is $99,671. This is 12% higher than the state median of $89,062. It is also 23% higher than the national median of $80,734. The poverty rate stands at 7.7%. This is 17% lower than the state poverty rate of 9.3%. The survey records no unemployed residents in Watertown, which reflects the size of the sample rather than a labor market without joblessness. The median home value is $337,200. Housing costs are 2% higher than the state median of $329,300. The home-value-to-income ratio is 3.4x. 82.9% of occupied housing units are owner-occupied. This homeownership rate is 15% higher than the state average of 72.2%.
Race & Ethnicity
Watertown has a predominantly White (non-Hispanic) population, comprising 91.8% of all residents. Hispanic or Latino residents account for 3.4%. The Black or African American population (0.1%) is well below the state average of 7.0%. The Asian population (0.3%) is well below the state average of 5.1%.
Education
22.5% of residents aged 25 and older hold a bachelor's degree or higher. This is 43% lower than the state rate of 39.4%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 94.9%.
Data Sources & Methodology
All demographic data for Watertown, Minnesota is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Minnesota state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 914 Census-designated places in Minnesota. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.
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Frequently Asked Questions
What is the population of Watertown, Minnesota?
Watertown, Minnesota has a population of 4,790 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Watertown, MN?
The median household income in Watertown is $99,671, which is 23% higher than the national median of $80,734.
What is the poverty rate in Watertown, MN?
The poverty rate in Watertown is 7.7%. This means approximately 367 residents live below the federal poverty line.
What is the racial makeup of Watertown, Minnesota?
Watertown's population is 91.8% White, 0.1% Black, 3.4% Hispanic/Latino, and 0.3% Asian.
What is the median home value in Watertown, MN?
The median home value in Watertown is $337,200. The home-value-to-income ratio is 3.4x.
How educated is Watertown, Minnesota?
22.5% of adults (25+) in Watertown hold a bachelor's degree or higher, and 5.9% hold a graduate or professional degree.