Everything You Need to Know About the City of Waterloo Iowa

In 2017, Waterloo, IA had a population of 68.1k people with a median age of 36.6 and a median household income of $44,429. Between 2016 and 2017 the population of Waterloo, IA declined from 68,357 to 68,146, a -0.309% decrease, and its median household income grew from $44,146 to $44,429, a 0.641% increase.

The number of inhabitants in Waterloo, Iowa is 72.2% White Alone, 15.5% Black or African American Alone, and 6.33% Hispanic or Latino. N/A% of the people in Waterloo, IA communicate in a non-English language, and 96.1% are U.S. residents. 

The largest universities in Waterloo, IA are Hawkeye Community College (1,195 degrees awarded in 2017) and Allen College (288 degrees).

The median property value in Waterloo, IA is $110,700, and the homeownership rate is 62.3%. Most people in Waterloo, IA commute by Drove Alone, and the average commute time is 15.2 minutes. The average car ownership in Waterloo, IA is 2 cars per household.


Education in Waterloo

In 2017, universities in Waterloo, IA awarded 1,483 degrees. The student population of Waterloo, IA is skewed towards women, with 2,617 male students and 3,610 female students.

Most students graduating from Universities in Waterloo, IA are White (1,311 and 88.5%), followed by Black or African American (76 and 5.13%), Hispanic or Latino (33 and 2.23%), and Unknown (24 and 1.62%).

The largest universities in Waterloo, IA by the number of degrees awarded are Hawkeye Community College (1,195 and 80.6%) and Allen College (288 and 19.4%).

The most popular majors in Waterloo, IA are Liberal Arts & Sciences (343 and 23.1%), Registered Nursing (226 and 15.2%), and Machine Tool Technology (66 and 4.45%).

The median tuition costs in Waterloo, IA is $16,884 for private four-year colleges, and $N/A and $N/A respectively, for public four-year colleges for in-state students and out-of-state students.


Economy in Waterloo

The economy of Waterloo, IA employs 33k people and Waterloo has an unemployment rate of 3.5%. Waterloo has seen the job market increase by 0.3% over the last year. Future job development throughout the following ten years is anticipated to be 19.9%, which is lower than the US average of 33.5%. The biggest ventures in Waterloo, IA are Manufacturing (6,875 people), Health Care and Social Assistance (4,947 people), and Retail Trade (4,401 people), and the most lucrative enterprises are Utilities ($61,917), Public Administration ($49,565), and Professional, Scientific, and Technical Services ($47,845). 

Households in Waterloo, IA have a median yearly income of $44,429, which is not exactly the median yearly income of $61,937 over the whole United States. This is in comparison to a median income of $44,146 in 2016, which represents a 0.641% annual growth.


Tax Rates for Waterloo

– The Sales Tax Rate for Waterloo is 7.0%. The US average is 7.3%.

– The Income Tax Rate for Waterloo is 9.0%. The US average is 4.6%.

– Tax Rates can have a big impact when Comparing the Cost of Living.


Income and Salaries for Waterloo

– The average income of a Waterloo resident is $22,628 a year. 

– The Median household income of a Waterloo resident is $41,461 a year.