Waterloo, IN is a small town in northeast Indiana with a population of 1,740. It is an affordable place to live as evidenced by the 2 bedroom rent being only $830 compared to the US average of $1,430. The grocery cost index in Waterloo is also lower than the national average at 92 compared to 100. This low cost of living makes Waterloo attractive for those looking to save money while still having access to great amenities and local businesses. In Waterloo there are many homegrown companies such as DeFord Builders, Schnell Plumbing & Heating, G&G Automotive Sales and Service, and Quillen's Family Pharmacy. These companies create jobs for local residents and contribute positively to the economy and overall quality of life in Waterloo.
Waterloo has an unemployment rate of 3.7%. The US average is 6.0%.
Waterloo has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 35.6%, which is higher than the US average of 33.5%.
Tax Rates for Waterloo
- The Sales Tax Rate for Waterloo is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Waterloo is 4.7%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Waterloo
- The average income of a Waterloo resident is $23,562 a year. The US average is $37,638 a year.
- The Median household income of a Waterloo resident is $47,589 a year. The US average is $69,021 a year.