Living in Waterloo, New York
Cost of living, income, home prices, rent and demographics of Waterloo · Census data 2020–2024
Waterloo has 4,605 residents with a median age of 50.8. The median household income is $51,642 (40% lower than the New York median), the median home value is $114,300, the median rent is $927/month.
Waterloo at a glance
- Population
- 4,605
- Median age
- 50.8State: 39.8
- Median household income
- $51,642State: $85,974
- Median home value
- $114,300State: $423,800
- Median rent
- $927/moState: $1,621
- Homeowners
- 68.7%
- Bachelor's degree or higher
- 23.5%
- Average commute
- 21 min
Is Waterloo a good place to live?
Pros: Home values 73% lower than the state median; an average commute of 21 minutes; a poverty rate of 11.7%.
Cons: Median household income 40% lower than the New York median; unemployment of 6.8%.
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 $114,300, 66% lower than the U.S. median. Renters pay a median of $927 per month, which is 28.4% of household income. Homeowners with a mortgage pay $1,257 a month in housing costs.
Waterloo median household income
The median household income in Waterloo is $51,642 and the income per person is $32,566. 11.7% of residents live below the poverty line (New York: 14%).
Housing in Waterloo: homes for sale and rent
- Housing units
- 2,288
- Owner-occupied
- 68.7%
- Renter-occupied
- 31.3%
- Vacant
- 8.3%Includes seasonal homes
- Median year built
- 1938
- Average household size
- 2.07
Waterloo demographics
- Population
- 4,605
- Median age
- 50.8
- Under 18
- 16.9%
- 65 and older
- 29.4%
- Households
- 2,097
- Foreign-born
- 4.3%
- Veterans
- 12.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Waterloo ›
Education in Waterloo
23.5% of adults 25 and older in Waterloo have a bachelor's degree or higher (New York: 40.2%), and 8.5% have a graduate or professional degree.
Jobs and commute in Waterloo
- Unemployment rate
- 6.8%State: 6.4%
- Average commute
- 21 minState: 33 min
- Work from home
- 13.2%
- Drive alone
- 74.4%
- Public transit
- 0%
- Walk to work
- 2.7%
- Homes with broadband
- 91.4%
Waterloo vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Waterloo | 4,605 | $51,642 | $114,300 | $927 |
| Seneca Falls | 6,956 | $59,864 | $123,700 | $951 |
| Cayuga | 575 | $97,885 | $158,100 | $728 |
| Geneva | 12,512 | $79,435 | $165,500 | $972 |
| Union Springs | 1,255 | $81,250 | $162,500 | $1,030 |
| Romulus | 265 | $45,417 | $89,200 | — |
| Phelps | 2,254 | $71,083 | $170,400 | $1,111 |
| Savannah | 473 | $49,792 | $71,000 | — |
| Clyde | 2,001 | $62,407 | $96,900 | $757 |
More for people moving to Waterloo
Waterloo ZIP code ›Weather and climate ›Living in Waterloo: FAQ
What is the median household income in Waterloo, NY?
The median household income in Waterloo is $51,642, 40% lower than the New York median of $85,974 (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 $114,300, compared with $423,800 in New York.
How much is rent in Waterloo?
The median gross rent in Waterloo is $927 per month, about 28.4% of household income.
Is Waterloo, NY a good place to live?
Pluses: home values 73% lower than the state median; an average commute of 21 minutes; a poverty rate of 11.7%. Minuses: median household income 40% lower than the New York median; unemployment of 6.8%.
What is the median age in Waterloo?
The median age in Waterloo is 50.8 years (New York: 39.8).
How long is the commute in Waterloo?
The average commute to work in Waterloo is 21 minutes; 13.2% of workers work from home.
What is the unemployment rate in Waterloo?
The unemployment rate in Waterloo is 6.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Waterloo?
23.5% 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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