Waterloo-Cedar Falls, IA Metro Area is a great place to live and work due to its low cost of living. Two bedroom rent in the area is only $920 compared to $1,430 across the US. The grocery cost index for the metro area is 95, which is lower than the national average of 100. This makes it easier for residents to afford food and other necessities. Local companies in this area include John Deere, Kraft Heinz Company, and Fareway Stores. These businesses offer employment opportunities to locals and contribute to the economic growth of the region.
Waterloo-Cedar Falls Metro Area has an unemployment rate of 4.5%. The US average is 6.0%.
Waterloo-Cedar Falls Metro Area has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 21.7%, which is lower than the US average of 33.5%.
Tax Rates for Waterloo-Cedar Falls Metro Area
- The Sales Tax Rate for Waterloo-Cedar Falls Metro Area is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Waterloo-Cedar Falls Metro Area 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 Waterloo-Cedar Falls Metro Area
- The average income of a Waterloo-Cedar Falls Metro Area resident is $25,912 a year. The US average is $28,555 a year.
- The Median household income of a Waterloo-Cedar Falls Metro Area resident is $61,632 a year. The US average is $69,021 a year.