Waterloo, IA is a great place to settle down and enjoy all it has to offer. The 2 bedroom rent in Waterloo is $950 which is significantly lower than the US average of $1,430. The grocery cost index in Waterloo is 93 versus 100 in the US, so groceries are more affordable. There are plenty of local businesses to explore such as Black Hawk Motors, Hy-Vee Grocery Store, and Auto Choice Collision Repair & Detailing. These businesses offer residents a variety of services from car repairs to grocery shopping. With its affordable housing costs and lower cost of living compared to other cities in the US, Waterloo is an ideal location for those looking for a comfortable place to call home.
Waterloo (zip 50702) has an unemployment rate of 5.6%. The US average is 6.0%.
Waterloo (zip 50702) has seen the job market decrease by -7.0% 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 50702)
- The Sales Tax Rate for Waterloo (zip 50702) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Waterloo (zip 50702) 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 50702)
- The average income of a Waterloo (zip 50702) resident is $28,130 a year. The US average is $37,638 a year.
- The Median household income of a Waterloo (zip 50702) resident is $55,026 a year. The US average is $69,021 a year.