Everything You Need to Know About the City of Watertown South Dakota

In 2017, Watertown, South Dakota had a population of 22.1k people with a median age of 36.6 and a median household income of $48,485 dollars. Between 2016 and 2017 the population of Watertown, SD grew from 22,026 to 22,083, a 0.259 percent increase, and its median household income grew from $47,664 dollars to $48,485 dollars, a 1.72 percent increase.

The population of Watertown, SD is 92.7 percent White Alone, 2.5 percent Hispanic or Latino, and 1.91 percent American Indian & Alaska Native Alone. N/A% of the people in Watertown, SD speak a non-English language, and 99.5 percent are U.S. citizens.

The largest universities in Watertown, SD are Lake Area Technical Institute (846 degrees awarded in 2017) and National American University-Watertown (0 degrees).

The median property value in Watertown, SD is $161,000 dollars, and the homeownership rate is 59.7 percent. Most people in Watertown, SD commute by Drove Alone, and the average commute time is 12.8 minutes. The average car ownership in Watertown, SD is 2 vehicles per household.


Education in Watertown

In 2017, universities in Watertown, SD awarded 846 degrees. The student of Watertown, SD is skewed towards men, with 1,123 males and 1,002 females.

Most students graduating from Universities in Watertown, SD are White (785 and 92.8 percent), followed by Unknown (20 and 2.36 percent), American Indian or Alaska Native (17 and 2.01 percent), and Hispanic or Latino (11 and 1.3 percent).

The largest universities in Watertown, SD by the number of degrees awarded are Lake Area Technical Institute (846 and 100 percent) and National American University-Watertown (0 and 0 percent).

The most popular majors in Watertown, SD are General Agriculture Management (147 and 17.4 percent), Diesel Mechanics Technology (67 and 7.92 percent), and Licensed Practical & Vocational Nurse Training (66 and 7.8 percent).

The median tuition cost in Watertown, SD is $N/A for private four-year colleges, and $N/A and $N/A respectively, for public four-year colleges for in-state students and out-of-state students.


Economy in Watertown

The economy of Watertown, SD employs 12.1k people and Watertown has an unemployment rate of 3.1 percent. Watertown has seen the job market increase by 1.2 percent over the last year. Future job growth over the next ten years is predicted to be 25.8 percent, which is lower than the US average of 33.5 percent. The largest industries in Watertown, SD are Retail Trade (2,206 people), Health Care & Social Assistance (1,373 people), and Manufacturing (2,128 people), and the highest paying industries are Utilities ($71,250 dollars), Wholesale Trade ($48,148 dollars), and Professional, Scientific, & Technical Services ($46,250 dollars).

Households in Watertown, SD have a median annual income of $48,485 dollars, which is less than the median annual income of $61,937 dollars across the entire United States. This is in comparison to a median income of $47,664 dollars in 2016, which represents a 1.72 percent annual growth.


Tax Rates for Watertown

– The Sales Tax Rate for Watertown is 6.5 percent.

– The Income Tax Rate for Watertown is 0.0 percent.

– Tax Rates can have a big impact when Comparing the Cost of Living.


Income and Salaries for Watertown

– The average earnings of a Watertown resident are $25,185 dollars a year.

– The Median household earnings of a Watertown resident is $45,185 dollars a year.