Waterloo, IA, US
Cedar Valley city with the John Deere Tractor Museum and a strong manufacturing heritage.
Overview
Waterloo is a city in IA with a population of 68,000. Cedar Valley city with the John Deere Tractor Museum and a strong manufacturing heritage. Housing costs are close to the national average. The overall cost of living is below the national average. Gardening thrives here — the 4b growing zone supports Cold — cool-season crops, hardy perennials.
Last updated: September 12, 2026
Below Average vs US Avg (100)
Affordable
Household income
Job market health
Waterloo vs US Average
Taxes
- State Income Tax: 5.7%
- Sales Tax: 7.0%
Economy & Jobs
- Median Income: $50,000
- Unemployment: 3.8%
- Population: 68,000
Climate
- Sunny Days: 195/year
- Summer High: 84°F
- Winter Low: 14°F
- Farming Zone: USDA Zone 4b
Housing
- Median Home: $160,000
- 1BR Rent: $850/mo
Cost of Living
Waterloo's cost of living index is 84 (US average = 100).
| Category | Waterloo | National Average | Difference |
|---|---|---|---|
| Overall | 84 | 100 | -16.0% |
| Housing | 86 | 100 | -14.0% |
Data source: Council for Community and Economic Research (C2ER), 2026
Housing Market
| Metric | Value |
|---|---|
| Median Home Price | $160,000 |
| Median Rent (1BR) | $850/mo |
| Median Rent (2BR) | $1,063/mo |
| Price per Sq Ft | $106 |
Data source: Zillow Research, 2026
True Cost of Home Ownership
Utilities
Estimated monthly utility costs for a typical household in Waterloo:
| Utility | Estimated Monthly Cost | Notes |
|---|---|---|
| Electricity | $84 | Based on ~900 kWh/month typical US household usage |
| Heating & Cooling | $86 | Estimated based on local climate. Gas or electric |
| Cooling (AC) | N/A | Estimated based on local climate and electricity rates |
| Water | $40 | Includes sewer |
| Internet (100+ Mbps) | $65 | Broadband average |
| Garbage / Trash | $25 | Private service |
| Total Utilities | $300 | Monthly estimate (including heating & cooling) |
Data sources: U.S. Energy Information Administration (EIA) 2024, EPA/AWWA water rate surveys, BroadbandNow
Remote Work Score
Waterloo scores —/100 for remote work readiness:
Climate
Waterloo has a varied climate with distinct seasons.
| Month | Avg High | Avg Low | Rainfall |
|---|---|---|---|
| January | 34°F | 14°F | 2.5" |
| April | 69°F | 29°F | 2.8" |
| July | 84°F | 59°F | 1.5" |
| October | 64°F | 32°F | 2.2" |
Cold — cool-season crops, hardy perennials
Natural Hazards
Waterloo faces the following natural hazards:
Tornado Alley with frequent tornadoes.
River flooding (Mississippi, Missouri).
Severe winter storms.
Periodic drought conditions.
Based on historical records and geographic risk assessment.
Taxes
- State Income Tax: 5.7%
- Sales Tax: 7%
- Property Tax: ~1.57% of assessed value
Economy & Jobs
Major industries include technology, healthcare, education, and manufacturing. The unemployment rate is 3.8%.
Schools & Education
Data source: National Center for Education Statistics (NCES)
Demographics
The population of Waterloo is diverse. The figures below show the ethnic, educational, and religious composition of the local population.
Ethnicity
Education
Religion
Data source: US Census Bureau American Community Survey (ACS) (2023)
Important Disclaimer: All data on this page is for informational purposes only and does not constitute financial, legal, tax, or real estate advice. URCity and Northshore Press are not financial advisors, tax professionals, or real estate agents. Always consult qualified professionals before making relocation or financial decisions.
Frequently Asked Questions
What is the cost of living in Waterloo, IA, US?
The cost of living index in Waterloo is 84, which is Lower the US national average of 100.
How much does it cost to buy a home in Waterloo?
The median home price in Waterloo is $160,000. The housing index is 86.
What is the average rent for a 1-bedroom apartment?
The average rent for a 1-bedroom apartment in Waterloo is approximately $850/mo.
Does Waterloo, IA have income tax?
Waterloo is in IA, which has an income tax rate of 5.7%.
What is the climate like in Waterloo?
Waterloo enjoys approximately 195 sunny days per year. Summer highs reach around 84°F, while winter lows can drop to around 14°F.
Data Sources
- Cost of Living: Council for Community and Economic Research (C2ER), 2026
- Housing Data: Zillow Research, 2026
- Income & Employment: US Census Bureau American Community Survey, 2024
- Utilities U.S. Energy Information Administration (EIA) 2024, EPA/AWWA water rate surveys, BroadbandNow
Data last updated: September 13, 2026. Data may not reflect current market conditions. Always verify with local sources before making relocation decisions.