Waterloo cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexWaterlooNew YorkNational
Cost of living index88122100
IndexWaterlooNew YorkNational
Goods & Services index100112100
Groceries index104103100
Health care index112104100
Housing index52149100
Transportation index123122100
Utilities index91102100
Here we can see a simple outline of the cost of living in Waterloo, NY. As you can see, with the average cost of living in Waterloo, NY being 88, that puts it 28% lower than the average of New York and 12% lower than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Waterloo, NY, the price of goods and services are 11% lower than the average of New York as well as equal to the nation's average.

Did you know?

  • The cost of living in Waterloo is 28% lower than the New York average.
  • The cost of living in Waterloo is 12% lower than the national average.
  • The cost of housing in Waterloo is 48% lower than the national average.
  • New York general sales tax is 21% lower than the national average.
  • New York state income tax is 80% higher than the national average.

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Salary Calculator

This is how much you would need to earn in
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Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
The salary calculator allows you to compare how much your current salary in Waterloo, NY would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Waterloo, NY, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Waterloo, NY salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
One can approximate the cost of living and the housing affordability in Waterloo, NY by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Waterloo, NY have a median income of $65,838. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,536 per month to avoid calamity and poverty. The renters in the city have an income of about $22,439, which would make their monthly maximum allowable rental costs $524.

New York Sales Tax

StateGeneral Sales TaxWith Max Surtax
New York4%8.875%

New York Income Tax

StateIncome Tax (Low)Income Tax (High)
New York4%8.82%
For those who live in Waterloo, NY and want to know what the true cost of living is, they ought to look at both the New York income tax rate and the New York sales tax rate. By sales tax, we mean the taxes that are included whenever a person is purchasing any goods or services. The amount that is taxed depends upon the particular state, where some states have a sales tax of zero percent while others can have a tax higher than seven percent. In New York, the sales tax is 4%, while the most you'll pay in surtax is 8.875%. There is also income tax to consider, which is based upon the amount of money made in a year. Just like sales tax, income tax depends upon the particular state but also depends upon what tax bracket the person is in. Income tax for the state can be higher than nine percent in some states to zero percent in others. For those that live in New York, the income tax rate ranges between 4% to 8.82%.

Goods & Services

ItemWaterlooNational avg.Difference
Haircut $15.75$14.597.9%
Beauty Salon $34.25$34.681.2%
Toothpaste $3.08$2.4724.5%
Shampoo $1.51$1.0247.7%
Movie $10.50$9.876.4%
Bowling $4.00$4.398.9%


ItemWaterlooNational avg.Difference
Ground Beef $4.41$4.481.5%
Fried Chicken $1.62$1.4610.7%
Milk $1.90$2.3619.4%
Potatoes $3.24$3.065.8%
Pizza $8.00$9.2413.4%
Beer $9.59$8.6311.1%

Health Care

ItemWaterlooNational avg.Difference
Optometrist $109.00$99.789.2%
Doctor $143.69$105.0336.8%
Dentist $87.00$88.701.9%
Ibuprofen $9.48$9.410.7%
Lipitor $320.90$298.507.5%


ItemWaterlooNational avg.Difference
Home Price $79,800.00$175,700.0054.6%
Avg. Mortgage Payment $1,281.68$1,081.0318.6%
Apartment Rent $627.00$920.0031.8%


ItemWaterlooNational avg.Difference
Gasoline $2.63$2.0926.0%
Tire Balancing $51.93$45.2914.7%


ItemWaterlooNational avg.Difference
All Electricity$179.24$170.804.9%
Phone $19.99$28.2629.3%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Savannah, NY42684-16%
Lyons, NY3,34386-14%
Romulus, NY61988-12%
Clyde, NY1,98789-11%
Newark, NY9,01989-11%
Waterloo, NY5,17888-12%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Olyphant, PA5,17896-4%
Stokesdale, NC5,1771066%
Grafton, WV5,17985-15%
Manitou Springs, CO5,1751077%
Hidden Valley, IN5,1741022%
Waterloo, NY5,17888-12%
Source: The Waterloo, NY cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.