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This question is about Waterloo, IA.
What is a good salary in Waterloo, IA?
A good salary in Waterloo, IA is anything over $47,000. That's because the median income in Waterloo is $47,000, which means if you earn more than that you're earning more than 50% of the people living in Waterloo. The average salary in Waterloo is $52,314.
A good hourly wage in Waterloo is $22.6 per hour. That works out to a good weekly wage of $903 per week and a good monthly wage of $3,916 per month. However, using the median income is only one way to calculate a good salary in Waterloo.
Another way to calculate a good salary in Waterloo is to look at the price of housing and use that to back into a good salary. Experts agree that you want to maintain about a 5 to 1 home price to income ratio. Based on the median home price of $117,400, a good salary in Waterloo would be $23,480.
Lastly, we can determine a good salary in Waterloo by looking at the cost of living and comparing it to the US average salary. The cost of living in Waterloo is 18% lower than than the national average. The national average salary is $56,310, so a good salary in Waterloo is anything over $46,174 by this measure.
Average Annual Salary in Waterloo, IA
| Percentile | Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage |
| 10th | $26,000 | $2,166 | $500 | $12.5 |
| 25th | $34,000 | $2,833 | $653 | $16.35 |
| Median | $47,000 | $3,916 | $903 | $22.6 |
| 75th | $64,000 | $5,333 | $1,230 | $30.77 |
| 90th | $84,000 | $7,000 | $1,615 | $40.38 |
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