Waterloo is a small town located in Seneca County, New York. It is a charming community with a population of around 8,000 people and a variety of local businesses that make up the local economy. These include Shults Auto Group, Penn Yan Marine, and Trumansburg Shur-Fine Supermarket. The median rental cost for a two bedroom apartment in the area is $1,010 per month, which is slightly lower than the national average of $1,430. The Grocery Cost Index (GCI) for Waterloo is 97 compared to the United States average of 100. This means that groceries are more affordable in Waterloo than in other places across the country.
Waterloo has an unemployment rate of 6.7%. The US average is 6.0%.
Waterloo has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 34.7%, which is higher than the US average of 33.5%.
Tax Rates for Waterloo
- The Sales Tax Rate for Waterloo is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Waterloo is 6.5%. 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 $22,755 a year. The US average is $28,555 a year.
- The Median household income of a Waterloo resident is $59,415 a year. The US average is $69,021 a year.