Waterloo, Iowa is a small city with a population of approximately 68,000. With an average age of just over 38, the city's population is younger than most cities in Iowa. Home ownership is more common than renting in Waterloo, and 38% of residents rent. At $766 per month, the average rent is a bit below the state average.
Waterloo has an average commute time of about 17 minutes, faster than the state average of about 20 minutes. Driving a car or truck is the most common mode of getting to work, opted for by 44% of commuters, while public transportation is not widely used. A small percentage of residents commute to work on foot.
Compared to the national average (5%), Waterloo has a relatively high number of residents over the age of 25 with an Associate's degree (7%). In addition, 10% possess a Bachelor's degree and 4% have a Master's degree or Doctorate. Many Waterloo residents work in one of three industries: manufacturing, retail, and healthcare. Combined, these industries make up 25% of the city's workforce. Meanwhile, looking at job function, many of the city's workers are in transportation, as 9% of the city's population reports this as their field of work, the highest number of any profession. Waterloo workers earn an average annual income of about $57K, less than those elsewhere in the state. Waterloo's average income also trails the national average ($73,345).
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