The cost of living index in Waterloo, IL, shows a generally lower cost of living compared to the nationwide average, which is set at 100. Housing, transportation, and miscellaneous expenses are notably lower, with indices of 90, 85, and 92, respectively. Groceries, utilities, and healthcare costs are slightly below the national average, with indices of 95, 100, and 98, respectively. This data suggests that Waterloo offers a more affordable living environment in several key areas.
The cost of living in Waterloo, IL, presents a favorable picture for job seekers when compared to the nationwide average. The housing index stands at 90, which means housing costs are 10% lower than the average. This reduction can significantly ease the financial burden for those relocating to Waterloo. Additionally, groceries cost 95, which is only 5% above the national average, making everyday food expenses quite manageable.
Transportation costs in Waterloo are 15% lower than the national average, with an index of 85. This can lead to savings on commuting and daily travel. Healthcare costs are slightly below the national average at 98, indicating that medical expenses are nearly on par with the rest of the country. The miscellaneous category, which includes items like entertainment and personal care, is at 92, showing a 8% lower cost compared to the national average. Overall, Waterloo offers a cost of living that is competitive and often more affordable than the nationwide average.
