Watertown is a city in New York state in USA with a population of 25224 residents.. The poverty rate of Watertown is 21.6%, which is 54% higher than national average. The typical household in Watertown earns $41918 a year, compared to the national median of $67,500. Financial hardship is relatively common in the city as 1 in every 5 residents live below the poverty line, well above the national poverty rate of 14.1%. Additionally, more than 1 in every 9 area households live on an income of less than $10,000 a year. Nationwide, 5.8% of households do. Nearly 58.2% of households earn less than $50,000 a year compared to 39% national rate.

A high school education is a basic prerequisite for most jobs, and in Watertown, only 90% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Watertown remained 6.5%, which is 38% higher than national rate. Nearly 1 times comparable to 4.7% national rate, according to the Census. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Watertown, only 21% of adults have a bachelor's degree and 32% have some college but no degree.

Cost of living in Watertown is 92, which is 8% lower than national average. Median home value in Watertown is $130300 , which is 43% lower than national average. While median income in Watertown remained $41918, which is 38% lower than national average.