Waterloo, AL Cost of Living


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Waterloo cost of living score
82.1
Less expensive
17.9% lower
than the US average
2.4% lower
than the Alabama average
Waterloo, Alabama gets a BestPlaces Cost of Living score of 82.1, which means the total cost of housing, food, childcare, transportation, healthcare, taxes, and other necessities is 17.9% lower than the U.S. average and 2.4% higher than the average for Alabama.

Waterloo, AL

Housing costs in Waterloo?
A typical home costs $151,600, which is 55.2% less expensive than the national average of $338,100 and 29.2% less expensive than the average Alabama home, at $214,000. Renting a two-bedroom unit in Waterloo costs $960 per month, which is 32.9% cheaper than the national average of $1,430 and 2.1% more than the state average of $940.

Can I afford Waterloo?
To live comfortably in Waterloo, Alabama, a minimum annual income of $29,160 for a family, and $29,200 for a single person is recommended.

What does A.I. say about Waterloo?
Waterloo, AL is a small city located in the northern part of Alabama that offers a low cost of living compared to the national average. The median home value is at $77,000, which is just below the national median, and the median household income is around $36,000. The cost of living index for Waterloo is at 85.3, meaning it's 14.7 points lower than the national average of 100. Housing prices are very affordable, with most single-family homes costing less than $125,000 and rental rates hovering around $700-800 per month. Utility costs are also low in comparison to other cities and states due to favorable weather conditions throughout the year. With its mild climate and relatively low cost of living, Waterloo makes an attractive option for families looking to move away from costly urban areas but still remain close enough to enjoy all that Alabama has to offer.
   Cost of living score
     CategoriesWaterlooAlabamaUnited States
  82.184.1100.0
  93.494.4100
  117.8118.9100.0
  38.656.6100.0
  $151,600$214,000$338,100
  97.0%101.2%100.0%
  85.785.9100.0
  83.371.0100.0

   100=National Average

   Average Rent by Bedroom Size
Reviews for Waterloo
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If you don’t fish or ski there is nothing to do in Waterloo. There is no diner, coffee shop, restaurant, grocery store, convenience store, dollar store, no store of any  More

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