Waterville, IA is a small town with a population of around 519 people. This small town has an affordable cost of living with 2 bedroom rent being at $790 compared to the US average of $1,430. Even grocery cost index in Waterville is lower than the US national average at 94 versus 100. Located in the eastern part of Iowa, it is close local cities like Cedar Rapids, IA and Waterloo, IA where many businesses are located. Businesses that are based in Waterville include Al-Ida general store which offers quality products such as groceries, home goods and more for competitive prices. People have rated it highly due to its friendly staff and great selection of items. Another popular business is Barber Shop Tony's which provides quality haircutting services at affordable prices. Customers have praised it for its good service and professional atmosphere.
Waterville has an unemployment rate of 5.9%. The US average is 6.0%.
Waterville has seen the job market decrease by -7.2% over the last year. Future job growth over the next ten years is predicted to be 21.5%, which is lower than the US average of 33.5%.
Tax Rates for Waterville
- The Sales Tax Rate for Waterville is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Waterville is 9.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Waterville
- The average income of a Waterville resident is $19,895 a year. The US average is $37,638 a year.
- The Median household income of a Waterville resident is $53,750 a year. The US average is $69,021 a year.