Housing costs in Waterloo?
A typical home costs
$250,700, which is 25.9% less expensive than the national average of
$338,100 and 3.7% more expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Waterloo costs
$920 per month, which is 27.0% cheaper than the national average of
$1,260 and 7.6% cheaper than the state average of
$990.
Can I afford Waterloo?
To live comfortably in Waterloo (zip 62298), Illinois, a minimum annual income of
$47,880 for a family, and
$29,200 for a single person is recommended.
What does A.I. say about Waterloo?
The cost of living in 62298 Waterloo, IL is relatively low compared to many areas in the United States. According to BestPlaces.net, the median home value in 62298 is $66,700 and the median household income is $45,845 per year. The overall cost of living index for the area has been calculated at 86.2, which is 14.8% below the national average. This means that residents can expect to pay less for necessities such as food, gas, healthcare and housing than they would elsewhere in the country. Additionally, with some of the state's lowest taxes on income and sales taxes below the national average, living expenses are kept quite low for residents of 62298 Waterloo, IL.