Waterloo, IA is a city located in the state of Iowa. It has a population of 50701. This mid-sized city offers plenty of housing options for those looking to rent, with an average 2 bedroom rent of $930. Additionally, Waterloo offers affordable grocery costs with a Grocery Cost Index score of 95 versus 100 in the US. Businesses such as John Deere Financial, Grundy Center Industries, McKesson Corporation, and University of Northern Iowa are just some of the larger employers located in Waterloo. For leisure activities you can enjoy spending time at the Grout Museum District, Sullivan Brothers Iowa Veterans Museum or Cedar Valley Nature Trail. Shopping centers include Crossroads Mall and College Square Mall.
Waterloo (zip 50701) has an unemployment rate of 5.6%. The US average is 6.0%.
Waterloo (zip 50701) has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 19.9%, which is lower than the US average of 33.5%.
Tax Rates for Waterloo (zip 50701)
- The Sales Tax Rate for Waterloo (zip 50701) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Waterloo (zip 50701) is 11.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Waterloo (zip 50701)
- The average income of a Waterloo (zip 50701) resident is $27,740 a year. The US average is $28,555 a year.
- The Median household income of a Waterloo (zip 50701) resident is $55,855 a year. The US average is $69,021 a year.