Housing costs in Waterloo?
A typical home costs
$160,800, which is 52.4% less expensive than the national average of
$338,100 and 17.5% less expensive than the average Iowa home, at
$194,900. Renting a two-bedroom unit in Waterloo costs
$930 per month, which is 0.0% cheaper than the national average of
$930 and close to the state average of
$920.
Can I afford Waterloo?
To live comfortably in Waterloo (zip 50701), Iowa, a minimum annual income of
$30,960 for a family, and
$29,200 for a single person is recommended.
What does A.I. say about Waterloo?
The cost of living in 50701 Waterloo, IA is generally affordable. The median home price is $59,500, which makes it a great place for first-time home buyers. Rent costs are also modest with an average monthly rate of $589 for a studio and $722 for a one-bedroom apartment. Groceries, utilities and transportation are all relatively inexpensive compared to the national averages. The overall low cost of living means that more of your money can be dedicated to other important expenses such as savings or entertainment.