Waterloo, WI is a small city in Wisconsin with a population of around 4,000 people. It is located about 25 miles southwest of Madison and offers its residents an affordable cost of living. The average 2 bedroom rent for Waterloo is $1,130 which is much lower than the national average of $1,430. Additionally, the Grocery Cost Index in Waterloo is 96 compared to 100 in the US which reflects low grocery costs.
The town has several large employers including Trek Bicycle Corporation and Evco Plastics which are both headquartered in Waterloo. There are also numerous restaurants and small businesses that contribute to the local economy such as the Hunter's Garage Bar & Grill, Duck Blind Bar & Grill, and Maeser's Market & Bakery. Overall, Waterloo provides its residents with a comfortable lifestyle at an affordable price point.
Waterloo has an unemployment rate of 4.4%. The US average is 6.0%.
Waterloo has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 31.3%, which is lower than the US average of 33.5%.
Tax Rates for Waterloo
- The Sales Tax Rate for Waterloo is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Waterloo is 6.3%. 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 $24,899 a year. The US average is $28,555 a year.
- The Median household income of a Waterloo resident is $63,984 a year. The US average is $69,021 a year.