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EconPulse

Local economy signal dashboard

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PLACEThriving

Watertown, TN

Thriving overall. GDP / Output is the clearest support signal, while population needs the most attention. Housing reads as affordable for a median-income household.

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Overall score71out of 100
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98
80
0
74
88

Population

1,463

Data freshness

Unknown

GDP / Output

+8.5% YoY

98

$10.2B

Output changed +8.5% in 2024.

Vintage date unknown

State growth5.6%
U.S. growth5.3%

Jobs

Unemployment rate

80

3.1%

Unemployment is 3.1% for June 2026.

Vintage date unknown

State avg4.7%
U.S. avg5.2%

Population

-13.8% 5-year

0

1,463

Population moved -13.8% over the latest ACS window.

Vintage date unknown

State population7,066,383
U.S. population334,922,499

Housing

Rent share of income

74

18.2%

Median rent consumes 18.2% of median household income: Affordable.

Vintage date unknown

State rent$1.2K
U.S. rent$1.4K
HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

Federal Funds

$6.6K per resident

88

$977.7M

$977.7M in federal obligations flowed here in FY2025.

Vintage date unknown

State total$121.4B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

$977.7M

$6.6K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$817.7M
2. Department of Veterans Affairs$138.0M
3. Department of Transportation$9.1M

Top recipients

Dollars
1. PERMOBIL INC$21.3M
2. TENNESSEE DEPARTMENT OF TRANSPORTATION$9.1M
3. CUMBERLAND UNIVERSITY$4.2M

Affordable

Housing Affordability

18.2%

of median income

1BR estimate$850
2BR estimate$1,119
Median income$68,148
Median home value$250,000

ACS context

Quick Facts

Population

1,463

Median age

45.1

Bachelor's degree+

16.0%

Poverty rate

7.3%

Labor force participation

63.6%

Prime rate

6.8%

CPI YoY

+3.2%

U.S. GDP YoY

+6.5%

Sources and warnings

Data Provenance

Census ACS 5-year

2024

BLS LAUS / CPS

June 2026

BEA regional CAGDP1

2024

USAspending

FY2025

FRED

2026-07-30

HUD Fair Market Rent

Latest available

Data notes
  • HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

5-year compound growth

Historical Trends

Population CAGR

-2.9%

GDP CAGR

+10.7%

Federal flow

5 years

Population (5 years)
20201,698
20211,812
20221,637
20231,511
20241,463
GDP (5 years)
2020$6.1B
2021$7.4B
2022$8.4B
2023$9.4B
2024$10.2B

2-year linear forecast

Predictive Outlook

Population forecast

20241,463
20251,393 *
20261,316 *

R² = 74.6% · * projected

GDP forecast

2024$10.2B
2025$11.3B *
2026$12.4B *

R² = 99.3% · * projected

Linear regression over available historical data. Projections are estimates based on past trends and do not account for policy changes, economic shocks, or other external factors.

housing affordability breakdown

Cost of Living

Median household income$68,148/yr
Median rent$1,036/mo
Rent share of income18.2%
Est. mortgage (30yr, 6.5%)$15,170/yr
Mortgage share of income22.3%

Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.

employment snapshot

Job Market

Unemployment rate3.1%
State avg4.7%
U.S. avg5.2%
Labor force participation63.6%
Poverty rate7.3%

Data from BLS LAUS / CPS. June 2026.

valuation snapshot

Real Estate

Median home value$250,000
Median monthly rent$1,036
Price-to-rent ratio20.1x

High price-to-rent ratio — renting may be more economical than buying in this market.

composite score

Investment Climate

Investment climateStrong
Composite score67/100
Economic growth98/100
Labor market80/100
Population momentum0/100
Overall stability71/100

Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.

Location Context

Watertown city, Tennessee

City/Town

Part of

Nashville-Davidson--Murfreesboro--Franklin, TN

Nearby locations

Statesville, TNAlexandria, TNNorene, TNGreenvale, TNTuckers Crossroads, TN