Watertown Town city, MA

ZIP 02472 — Economy & Jobs

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Upper Middle ClassLow Snow AreaRemote Work Hub

Income, employment, industries, and economic trends

Income & Economy in Watertown Town city, MA (02472)

Median Income

$123,383

*Adjusted for inflation (2023 dollars)

IRS Net Migration

+1,667

Wealth inflow

Population

35,317

Unemployment

5.5%

1.8pp above US avg

IRS migration statistics show a net inflow of about 1,667 for ZIP 02472 (Watertown Town city, MA) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.

Economic Indicators

Unemployment

5.5%+48% vs US avg

Self-Employed

2.7%-55% vs US avg

SNAP Benefits

5.4%-54% vs US avg

1,052

Establishments

17,292

Employees

~16 per establishment — small businesses dominate

Professional services

Top Industry

Economic Distributions

Census ACS 5-Year (P0): occupation, industry, household income brackets.

Occupation

Industry

Agriculture, forestry, mining0.2%
Construction4.8%
Manufacturing7.6%
Wholesale trade1.1%
Retail trade7.0%
Transportation, utilities2.8%
Information3.3%
Finance, insurance, real estate5.5%
Professional, scientific, management22.2%
Education, health care, social30.8%
Arts, entertainment, food services6.8%
Other services5.0%
Public administration3.0%

Household Income

Historical Trends in 02472 (2020–Present)

Since 2020, population declined 1.8%, median income rose 4.4% (inflation-adjusted), home values increased 4.6%.

Median Income

$123,383

+64% vs US avg

Unemployment Rate