Cost of Living in Watertown, MN
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
130.3
100 = national avg
+30.3 vs national average
Living Wage (1 Adult)
$57,325
per year
Living Wage (Family of 4)
$135,495
per year
Cost Index by Category
Housing131.1
Food121.1
Transportation142.2
Healthcare116.9
Utilities118.9
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,405
per month
2 Bedroom
$1,709
per month
The overall cost of living index in Watertown is 130.3, which is 30.3% above the national average. Housing costs are above the national average at an index of 131.1. A single adult needs to earn approximately $57,325 per year to cover basic expenses.