2025 Compare Cities Economy:
Waterloo, IA vs Red Wing, MN

Change Cities
Highlights
- Household income in Red Wing, is 23% more than it is in Waterloo and is 13% below the National Average.
- Waterloo unemployment rate is 5.6%.
- Red Wing unemployment rate is 4.6%.
 Waterloo, IARed Wing, MNUnited States
 Unemployment Rate  Unlock4.6%6.0%
 Recent Job Growth  Unlock0.7%1.6%
 Future Job Growth19.9%  Unlock33.5%
 Sales Taxes7.0%  Unlock6.2%
 Income Taxes  Unlock7.1%4.6%
 Income per Cap.$29,079  Unlock$37,638
 Household Income  Unlock$61,040$69,021
 Family Median Income$63,394  Unlock$85,028
 space
 Est. Households By Income
 Waterloo, IARed Wing, MNUnited States
 Income Less Than 15K  Unlock10.5%9.4%
 Income between 15K and 20K6.2%  Unlock3.8%
 Income between 20K and 30K  Unlock6.6%8.1%
 Income between 30K and 40K11.6%  Unlock8.0%
 Income between 40K and 50K  Unlock6.6%7.6%
 Income between 50K and 60K8.8%  Unlock7.2%
 Income between 60K and 75K  Unlock12.0%9.6%
 Income between 75K and 100K12.1%  Unlock12.8%
 Income between 100K and 150K  Unlock13.0%16.3%
 Income between 150K and 200K3.7%  Unlock7.8%
 Income greater than 200K  Unlock3.6%9.5%
 space1
 Population By Occupation
 Waterloo, IARed Wing, MNUnited States
 Management, business, finance10.3%  Unlock16.4%
 Engineering, computers, science  Unlock2.6%6.5%
 Community, social services2.0%  Unlock1.8%
 Legal  Unlock0.6%1.2%
 Education, library5.4%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock1.9%2.0%
 Healthcare practitioners and technology5.3%  Unlock6.2%
 Healthcare support  Unlock4.9%3.3%
 Firefighters, law enforcement1.8%  Unlock2.1%
 Food preparation, serving  Unlock6.7%5.4%
 Building maintenance2.9%  Unlock3.6%
 Personal care  Unlock3.2%2.6%
 Sales, office, administrative support18.9%  Unlock20.9%
 Farming, fishing, forestry  Unlock0.8%0.6%
 Construction, extraction, maintenance/repair7.3%  Unlock8.1%
 Production, transportation, material moving  Unlock17.8%13.1%
Reviews for Waterloo    5 Reviews

The bike racks recently installed on the MET buses was a great idea for a community that has numerous bike riders and  More

   |    Reply

Over 17 years ago

Unless you're into getting wasted on a regular basis there's not a lot to do here. Most people barhop for fun. Being someone who doesn't drink and doesn't enjoy being  More

   |    Reply

Over 17 years ago

So the weather is emotional here - on and off during the summer its hot and rainy, yet during the fall it is quite often beautiful. Winters can be long, and spring can  More

   |    Reply

Start Your Review of Waterloo

Reviews for Red Wing    6 Reviews

Red Wing is a small town located equidistant between the Twin Cities and Rochester and is situated on the Mississippi river. Much of the big city culture of Minneapolis  More

   |    Reply

Over 12 years ago

Red Wing is a pretty town along the river. It does have some things outsiders need to be aware of if you take the plunge. The town is OLD, as in the citizens. If  More

   |    Reply

Over 17 years ago

It's a very nice town on the Missippi but too cold in winter---hot & humid in summer but a great spring & fall. If you like the changing seasons, it's ideal.  More

   |    Reply

Start Your Review of Red Wing


Premium Subscription
Includes Cost of Living compares for child care, utilities, transportation, health, taxes, housing for home owners vs renters, weather, insurance premiums and so much more.


The premier source for comprehensive city data for over 30 years.

© Best Places. All rights reserved.