Watertown, Florida Cost Of Living

Buy Rent

B

Overall 10%

Goods & Services 5%

Housing 37%

Date & Last Updated: This data reflects 2019 and was released from C2ER in January, 2020; this is the most current data available.

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Watertown	Florida	National
Cost of living	90	99	100
Goods & Services	95	99	100
Groceries	104	105	100
Health care	99	100	100
Housing	63	96	100
Transportation	104	98	100
Utilities	119	102	100

Key findings

The cost of living in Watertown is 9% lower than the Florida average
The cost of living in Watertown is 10% lower than the national average
Watertown housing is 37% lower than the national average
Florida general sales tax is 18% higher than the national average
Florida state income tax is 100% lower than the national average

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$30,957	$2,580	$722	$929
Renters	$45,485	$3,790	$1,061	$1,365

Florida Sales Tax

State	General Sales Tax	With Max Surtax
Florida	6%	7.5%

Florida Income Tax

State	Income Tax (Low)	Income Tax (High)
Florida	0%	0%

Goods & Services

Item	Watertown	National avg.	Difference
Haircut	$14.98	$17.49	14.3%
Beauty Salon	$38.00	$38.17	0.5%
Toothpaste	$3.55	$2.32	52.9%
Shampoo	$0.99	$1.01	2.5%
Movie	$11.30	$10.72	5.4%
Bowling	$4.85	$13.86	65.0%

Groceries

Item	Watertown	National avg.	Difference
Ground Beef	$4.17	$3.90	6.8%
Fried Chicken	$1.14	$1.40	18.2%
Milk	$2.42	$1.96	23.3%
Potatoes	$3.89	$3.18	22.1%
Pizza	$8.00	$10.39	23.0%
Beer	$8.41	$9.23	8.9%

Health Care

Item	Watertown	National avg.	Difference
Optometrist	$67.62	$106.34	36.4%
Doctor	$110.39	$115.25	4.2%
Dentist	$94.68	$98.38	3.8%
Ibuprofen	$9.19	$9.26	0.8%
Lipitor	$410.13	$466.47	12.1%

Housing

Item	Watertown	National avg.	Difference
Home Price	$94,500.00	$184,700.00	48.8%
Avg. Mortgage Payment	$1,151.91	$1,273.32	9.5%
Apartment Rent	$864.00	$949.00	9.0%

Transportation

Item	Watertown	National avg.	Difference
Gasoline	$2.32	$2.59	10.6%
Tire Balancing	$48.29	$48.90	1.2%

Utilities

Item	Watertown	National avg.	Difference
All Electricity	$170.08	$167.60	1.5%
Phone	$39.80	$163.42	75.6%

Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, State	Population	Cost of Living Index	National Avg.
Five Points, FL	1,063	82	-18%
White Springs, FL	871	84	-16%
Lake City, FL	12,137	90	-10%
Watertown, FL	3,451	90	-10%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Winnsboro, TX	3,451	83	-17%
Jewett City, CT	3,451	106	6%
Culloden, WV	3,451	88	-12%
Riverton, IL	3,449	87	-13%
Colonial Heights, TN	3,448	90	-10%
Watertown, FL	3,451	90	-10%

Source: The Watertown, FL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.

Watertown, FL Cost of Living

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