Waterloo, IL (zipcode 62298) is a small village located in Monroe County with a total population of 4,484 according to the 2010 U.S. census. The average 2 bedroom rent in Waterloo is $920, which is significantly lower than the national average of $1,430. Additionally, grocery costs are slightly below the nation's average with an index rate of 98 versus 100 in the US.
The village of Waterloo offers residents many amenities close by including Big Muddy Brewing Company, which serves locally crafted beer and delicious pub food; Lulu's Corner Café, a quaint cafe offering comfort food; and Grieshaber's Farm Market where you can find fresh produce and baked goods from local farmers. There are also numerous parks throughout Waterloo for outdoor activities such as biking or walking on nature trails. For shopping needs, there’s Super C’s Flea Market and Widman’s Dollar Store for quality products at great prices.
Waterloo (zip 62298) has an unemployment rate of 3.3%. The US average is 6.0%.
Waterloo (zip 62298) has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 34.5%, which is higher than the US average of 33.5%.
Tax Rates for Waterloo (zip 62298)
- The Sales Tax Rate for Waterloo (zip 62298) is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Waterloo (zip 62298) is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Waterloo (zip 62298)
- The average income of a Waterloo (zip 62298) resident is $33,958 a year. The US average is $28,555 a year.
- The Median household income of a Waterloo (zip 62298) resident is $84,770 a year. The US average is $69,021 a year.