Housing costs in Waterloo?
A typical home costs
$121,000, which is 64.2% less expensive than the national average of
$338,100 and 37.9% less expensive than the average Iowa home, at
$194,900. Renting a two-bedroom unit in Waterloo costs
$940 per month, which is 34.3% cheaper than the national average of
$1,430 and close to the state average of
$930.
Can I afford Waterloo?
To live comfortably in Waterloo, Iowa, a minimum annual income of
$23,040 for a family, and
$29,600 for a single person is recommended.
What does A.I. say about Waterloo?
Waterloo, Iowa has a cost of living index rating significantly lower than that if the nation 91 due mostly to its low housing costs making up 28%, transportation at 12%, groceries (11%), utilities (7%) and healthcare making 7%. Although utility costs remain relatively high due largely to expensive power sources such as coal or nuclear energy most other categories are either on par or even below average providing citizens with an overall moderate cost of living compared with almost everywhere else in America while still affording them access to city amenities like cultural centers, recreational facilities and educational institutes.