Cost of Living in Waterloo, IA
Overall index: 68 (100 = US national average). Data source: US Census ACS 2023 & BLS OEWS 2025, 2025.
Overall Cost of Living Index
Cost Breakdown by Category
| Category | Index | vs US avg | Sample cost |
|---|---|---|---|
| Housing | 43 | -57% | $627 |
| Transportation | 106 | +6% | $3.50 |
| Food | 75 | -25% | $308 |
| Utilities | 72 | -28% | $77 |
| Healthcare | 72 | -28% | $56 |
Index 100 = US national average. Higher = more expensive.
Cost breakdown (visual)
Salary Calculator: What do you need to earn in Waterloo?
A single adult living comfortably in Waterloo, IA needs approximately $23,800 / year after taxes.
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Frequently Asked Questions
What is the cost of living in Waterloo, IA?
The overall cost of living in Waterloo, IA is 32% lower than the US national average (index: 68 where 100 = national average).
How much is rent in Waterloo, IA?
Average rent for a 1-bedroom apartment in Waterloo, IA is about $627/month.
Is Waterloo, IA expensive to live in?
No, Waterloo, IA is affordable (below national average).
What salary do I need to live in Waterloo, IA?
A single adult needs roughly $23,800/year to cover basic living costs in Waterloo, IA.