Living in Waterloo, Illinois
Cost of living, income, home prices, rent and demographics of Waterloo · Census data 2020–2024
Waterloo has 11,129 residents with a median age of 41.5. The median household income is $98,711 (18% higher than the Illinois median), the median home value is $249,500, the median rent is $886/month.
Waterloo at a glance
- Population
- 11,129
- Median age
- 41.5State: 39
- Median household income
- $98,711State: $83,390
- Median home value
- $249,500State: $263,300
- Median rent
- $886/moState: $1,274
- Homeowners
- 78.2%
- Bachelor's degree or higher
- 37.3%
- Average commute
- 27 min
Is Waterloo a good place to live?
Pros: Median household income 18% higher than the Illinois median; home values 5% lower than the state median; an average commute of 27 minutes; unemployment of 2.3%; a poverty rate of 5.9%.
The weather is best in May and August to October.
Cost of living in Waterloo
Housing is the biggest part of the cost of living. In Waterloo the median home value is $249,500, 25% lower than the U.S. median. Renters pay a median of $886 per month, which is 28.9% of household income. Homeowners with a mortgage pay $1,835 a month in housing costs.
Waterloo median household income
The median household income in Waterloo is $98,711 and the income per person is $47,421. 5.9% of residents live below the poverty line (Illinois: 11.8%).
Housing in Waterloo: homes for sale and rent
- Housing units
- 4,818
- Owner-occupied
- 78.2%
- Renter-occupied
- 21.8%
- Vacant
- 6.8%Includes seasonal homes
- Median year built
- 1991
- Average household size
- 2.43
Waterloo demographics
- Population
- 11,129
- Median age
- 41.5
- Under 18
- 21.9%
- 65 and older
- 20.6%
- Households
- 4,491
- Foreign-born
- 2.7%
- Veterans
- 8.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Waterloo ›
Education in Waterloo
37.3% of adults 25 and older in Waterloo have a bachelor's degree or higher (Illinois: 37.8%), and 13.8% have a graduate or professional degree.
Jobs and commute in Waterloo
- Unemployment rate
- 2.3%State: 5.8%
- Average commute
- 27 minState: 28 min
- Work from home
- 12.9%
- Drive alone
- 77.4%
- Public transit
- 0%
- Walk to work
- 1.2%
- Homes with broadband
- 94.6%
Waterloo vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Waterloo | 11,129 | $98,711 | $249,500 | $886 |
| Valmeyer | 1,090 | $94,821 | $223,200 | $1,145 |
| Millstadt | 4,008 | $90,901 | $230,500 | $1,150 |
| Columbia | 11,127 | $107,606 | $293,000 | $1,128 |
| Hecker | 521 | $79,583 | $166,800 | $1,014 |
| Smithton | 3,680 | $135,455 | $256,300 | — |
| Kimmswick | 112 | $68,750 | $226,800 | $1,250 |
| Oakville | 35,333 | $106,362 | $318,600 | $1,091 |
| Red Bud | 3,782 | $71,850 | $171,000 | $845 |
More for people moving to Waterloo
Waterloo ZIP code ›Weather and climate ›Living in Waterloo: FAQ
What is the median household income in Waterloo, IL?
The median household income in Waterloo is $98,711, 18% higher than the Illinois median of $83,390 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Waterloo?
The median home value in Waterloo is $249,500, compared with $263,300 in Illinois.
How much is rent in Waterloo?
The median gross rent in Waterloo is $886 per month, about 28.9% of household income.
Is Waterloo, IL a good place to live?
Pluses: median household income 18% higher than the Illinois median; home values 5% lower than the state median; an average commute of 27 minutes; unemployment of 2.3%; a poverty rate of 5.9%.
What is the median age in Waterloo?
The median age in Waterloo is 41.5 years (Illinois: 39).
How long is the commute in Waterloo?
The average commute to work in Waterloo is 27 minutes; 12.9% of workers work from home.
What is the unemployment rate in Waterloo?
The unemployment rate in Waterloo is 2.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Waterloo?
37.3% of adults in Waterloo have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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