Watertown, NY Cost Of Living
Cost Of Living In Watertown, NY Summary
Cost of living in Watertown research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Watertown is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in New York, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Watertown is 92, with 100 being the average.
The cost of living index in Watertown is 0.9x lower than the national average.
Watertown ranks as the #52 cheapest in New York out of 340.
Watertown ranks as the #1,974 cheapest out of 6,412 in the US.
The median home value in Watertown is $132,100.
The median income in Watertown is $46,051.
Table Of Contents
Watertown's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Watertown, NY?
According to the most recent data on the cost of living, Watertown has an overall cost of living index of 92, which is 0.9x lower than the national index of 100.
Compared to New York, Watertown has a cost of living index that's 0.7x lower than New York's index of 126.
The standard of living in Watertown ranks as #52 most affordable out of the 340 places we measured in New York. By definition, that implies Watertown ranks as the #288 most expensive place in the Empire State.
For more reading on life in Watertown, check out:
- Living In Watertown
- Watertown Crime Report
- Search Homes For Sale In Watertown, NY
In New York
In America
Watertown Cost Of Living Vs. New York
Six factors go into calculating the cost of living index in Watertown. Here is how it fairs on each of the criteria:
The Services index in Watertown is 105.
The Groceries index in Watertown is 102.
The Health index in Watertown is 97.
The Housing index in Watertown is 73.
The Transportation index in Watertown is 97.
The Utilities index in Watertown is 99.
| Living Expense | Watertown | New York | National Average | |
|---|---|---|---|---|
| Overall | 92 | 126 | 100 | |
| Services | 105 | 110 | 100 | |
| Groceries | 102 | 104 | 100 | |
| Health | 97 | 105 | 100 | |
| Housing | 73 | 175 | 100 | |
| Transportation | 97 | 107 | 100 | |
| Utilities | 99 | 102 | 100 | |
Watertown, NY Housing Cost Breakdown
Housing swings affordability the most between places in New York, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Watertown is $132,100.
The Median Rent in Watertown is $872.
The Median Income in Watertown is $46,051.
The Home Value To Income in Watertown is 2.9x.
The Rent To Monthly Income in Watertown is 0.23x.
| Statistic | Watertown | New York | United States |
|---|---|---|---|
| Median Home Value | $132,100 | $340,600 | $244,900 |
| Median Rent | $872 | $1,390 | $1,163 |
| Median Income | $46,051 | $75,157 | $69,021 |
| Home Value To Income | 2.9x | 4.5x | 3.5x |
| Rent To Monthly Income | 0.23x | 0.22x | 0.2x |
Median Home Value
Median Rent
Median Income
Watertown, NY Costs By Category
Detailed Watertown Services Costs Vs. New York
Detailed Watertown Groceries Costs Vs. New York
Detailed Watertown Health Costs Vs. New York
Detailed Watertown Transportation Costs Vs. New York
Detailed Watertown Utilities Costs Vs. New York
Watertown SnackAbility
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Cost Of Living In Cities Around Watertown
The cost of living varies in the cities and towns around Watertown. Here's a quick look at the cost of living in the most populous nearby places:
Morristown, TN has a cost of living index of 85, 0.9x Watertown.
Oswego, NY has a cost of living index of 89, 1.0x Watertown.
Fort Drum, NY has a cost of living index of 115, 1.2x Watertown.
| City | Population | Cost Of Living | Vs. Watertown |
|---|---|---|---|
| Morristown, TN | 30,387 | 85 | 0.9x |
| Oswego, NY | 17,105 | 89 | 1.0x |
| Fort Drum, NY | 15,895 | 115 | 1.2x |
