Living in Waterloo, Indiana
Cost of living, income, home prices, rent and demographics of Waterloo · Census data 2020–2024
Waterloo has 2,073 residents with a median age of 35.3. The median household income is $67,083 (7% lower than the Indiana median), the median home value is $104,600, the median rent is $829/month.
Waterloo at a glance
- Population
- 2,073
- Median age
- 35.3State: 38.1
- Median household income
- $67,083State: $71,957
- Median home value
- $104,600State: $218,200
- Median rent
- $829/moState: $1,062
- Homeowners
- 81.2%
- Bachelor's degree or higher
- 14.2%
- Average commute
- 24 min
Is Waterloo a good place to live?
Pros: Home values 52% lower than the state median; an average commute of 24 minutes.
Cons: Median household income 7% lower than the Indiana median; unemployment of 6.4%; a poverty rate of 12.5%.
The weather is best in June to September.
Cost of living in Waterloo
Housing is the biggest part of the cost of living. In Waterloo the median home value is $104,600, 69% lower than the U.S. median. Renters pay a median of $829 per month, which is 28% of household income. Homeowners with a mortgage pay $1,039 a month in housing costs.
Waterloo median household income
The median household income in Waterloo is $67,083 and the income per person is $27,936. 12.5% of residents live below the poverty line (Indiana: 12.3%).
Housing in Waterloo: homes for sale and rent
- Housing units
- 852
- Owner-occupied
- 81.2%
- Renter-occupied
- 18.8%
- Vacant
- 9.3%Includes seasonal homes
- Median year built
- 1958
- Average household size
- 2.68
Waterloo demographics
- Population
- 2,073
- Median age
- 35.3
- Under 18
- 25.8%
- 65 and older
- 8.3%
- Households
- 773
- Foreign-born
- 0.8%
- Veterans
- 7.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Waterloo ›
Education in Waterloo
14.2% of adults 25 and older in Waterloo have a bachelor's degree or higher (Indiana: 29.5%), and 6.5% have a graduate or professional degree.
Jobs and commute in Waterloo
- Unemployment rate
- 6.4%State: 4.3%
- Average commute
- 24 minState: 24 min
- Work from home
- 6.7%
- Drive alone
- 85.3%
- Public transit
- 0%
- Walk to work
- 3.8%
- Homes with broadband
- 90.7%
Waterloo vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Waterloo | 2,073 | $67,083 | $104,600 | $829 |
| Corunna | 128 | $57,500 | $85,000 | — |
| Auburn | 13,565 | $68,750 | $190,800 | $865 |
| Ashley | 1,230 | $49,091 | $132,100 | $837 |
| Hudson | 610 | $67,500 | $100,000 | $1,344 |
| Garrett | 6,642 | $64,179 | $154,200 | $858 |
| Altona | 415 | $64,237 | $114,600 | $1,080 |
| Butler | 2,660 | $54,688 | $107,700 | $785 |
| Pleasant Lake | 829 | $75,647 | $145,200 | — |
More for people moving to Waterloo
Waterloo ZIP code ›Weather and climate ›Living in Waterloo: FAQ
What is the median household income in Waterloo, IN?
The median household income in Waterloo is $67,083, 7% lower than the Indiana median of $71,957 (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 $104,600, compared with $218,200 in Indiana.
How much is rent in Waterloo?
The median gross rent in Waterloo is $829 per month, about 28% of household income.
Is Waterloo, IN a good place to live?
Pluses: home values 52% lower than the state median; an average commute of 24 minutes. Minuses: median household income 7% lower than the Indiana median; unemployment of 6.4%; a poverty rate of 12.5%.
What is the median age in Waterloo?
The median age in Waterloo is 35.3 years (Indiana: 38.1).
How long is the commute in Waterloo?
The average commute to work in Waterloo is 24 minutes; 6.7% of workers work from home.
What is the unemployment rate in Waterloo?
The unemployment rate in Waterloo is 6.4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Waterloo?
14.2% 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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