The cost of living index in Waterloo, IL, shows a mixed picture compared to the nationwide average, which is set at 100. Housing costs in Waterloo are notably lower, at 85, which means they are 15% below the national average. This could make housing more affordable for residents and job seekers.
Other categories like groceries, utilities, healthcare, and miscellaneous expenses are close to the national average, ranging from 90 to 95. Transportation costs match the national average exactly at 100. This balance suggests that while housing is cheaper, other living expenses remain comparable to the rest of the country.
The cost of living in Waterloo, IL, presents a favorable comparison to the nationwide average, which is set at 100. Housing costs in Waterloo stand at 85, indicating that residents can expect to pay 15% less than the national average for housing. This reduction can be a significant factor for those considering relocation, as lower housing costs can free up more of their budget for other essential expenses.
In other areas, Waterloo also shows competitive costs. For instance, groceries cost 95, which is 5% less than the national average. Utilities cost 90, meaning residents pay 10% less for these services. Healthcare costs are at 95, which is the same as the national average. Transportation costs are exactly at the national average, at 100. Miscellaneous expenses also stand at 92, which is 8% below the national average. Overall, Waterloo offers a cost of living that is slightly lower than the national average, making it an attractive option for many.
