Cost of Living in Waterloo, NY

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6%
Overall NAT. AVG.
4%
Groceries NAT. AVG.
40%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Waterloo New York National
Cost of living94121100
Groceries104106100
Health care107110100
Housing60144100
Transportation111113100
Utilities112112100
Lifestyle & Entertainment107111100
Household Items105106100
Education & Childcare113118100
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Homes For Sale In Waterloo, NY

property for sale

21 Church St

Waterloo, NY
property for sale

2976 Mohawk Ln

Waterloo, NY
property for sale

103 E Williams St

Waterloo, NY
property for sale

231 E Main St

Waterloo, NY

Cost Of Living Quick Facts

  • The cost of living in Waterloo is 22% lower than the New York average
  • The cost of living in Waterloo is 6% lower than the national average
  • Waterloo housing is 40% lower than the national average
  • New York general sales tax is 22% lower than the national average
  • New York state income tax is 54% higher than the national average

Most Affordable Places to Live in and Around Waterloo

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      Health care index
      Housing index
      Transportation index
      Utilities index
      Lifestyle index
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      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$100,302$8,359$2,340$3,009
      Renters$39,865$3,322$930$1,196
      To approximate the cost of living and the housing affordability in Waterloo, NY, we can look at the percentage of income that is available to be spent on monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side, a consumer should not spend more than 28% of his or her gross income on housing-related expenses and costs and not more than 36% of income on all expenses and debts. Homeowners in Waterloo have a median income of $100,302. Therefore, the amount that a consumer should spend on housing costs should be no more than $2,340 per month to avoid calamity and poverty. The renters in the city have an income of about $39,865, which would make their monthly maximum allowable rental costs $930.

      New York Sales Tax

      State General Sales Tax With Max Surtax
      New York 4% 8.875%

      New York Income Tax

      State Income Tax (Low) Income Tax (High)
      New York 4% 10.9%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Port Gibson, NY8911099.1%
      Savannah, NY5619010.1%
      Clyde, NY1,8769010.0%
      Romulus, NY446928.1%
      Lyons, NY3,420937.3%
      Waterloo, NY4,839946.4%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Tulia, TX4,8388316.9%
      Clarcona, FL4,840936.7%
      Cornwallis, MB4,840n/a 
      Saint-Mathias-sur-Richelieu, QC4,837n/a 
      Wilmer, TX4,8368613.7%
      Waterloo, NY4,839946.4%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
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