Housing costs in Waterloo?
A typical home costs
$245,600, which is 27.4% less expensive than the national average of
$338,100 and 1.6% more expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Waterloo costs
$970 per month, which is 32.2% cheaper than the national average of
$1,430 and 29.9% cheaper than the state average of
$1,260.
Can I afford Waterloo?
To live comfortably in Waterloo, Illinois, a minimum annual income of
$47,160 for a family, and
$30,800 for a single person is recommended.
What does A.I. say about Waterloo?
Waterloo, IL has an affordable cost of living compared to other nearby cities. The median household income is around $42,000 per year and the median home value is just over $93,000. It is more affordable to live in Waterloo than many surrounding areas, making it an attractive destination for those seeking a more affordable lifestyle. With a strong job market and low crime rate, it may be one of the most desirable places to live in Southern Illinois. Property taxes are also lower than average when compared to other Illinois cities, giving residents more money in their pocket each month.