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The median household income in Watertown town was $87,940 in 2021, which marked an an increase of 6,395(7.84%) from $81,545 in 2020. This income is 117.87% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Watertown town sees its highest median household income among householders in the age group of 45 to 64 years old, at $108,551. Overall, the median household income for the town of Watertown town stands at $87,940.
In Watertown town, the median income for all workers aged 15 years and older, regardless of work hours, was $51,285 for males and $35,044 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $69,052 for males and $63,870 for females.
In Watertown town, there are just three different racial groups among households. Among these, Asian households report a median household income of $104,376, followed by White households at $90,553, and Black or African American households with a median household income of $71,949.
In 2021, the population of Watertown town was 22,110, a 0.05% increase year-by-year from 2020. Previously, in 2020, Watertown town's population was 22,098, an increase of 2.35% compared to a population of 21,590 in 2019.
The median age in Watertown, Connecticut is 46.5, as per 2021 ACS 5-Year Estimates. Of the total population, 13.65% were under the age of 15, 16.71% aged 15 to 29, 47.40% aged 30 to 64, 17.76% aged 65 to 84, and 4.48% were 85 years of age and older.
The total population of Watertown town is estimated to be 22,110 with 11,178 males (50.56%) and 10,932 females (49.44%). There are 246 less females than males in Watertown town.
Racial distribution of Watertown town population: 90.39% are White, 1.35% are Black or African American, 0.13% are American Indian and Alaska Native, 1.79% are Asian, 1.79% are some other race and 4.55% are multiracial.