Cost Of Living in Waterloo, NY

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Waterloo	New York	National
Cost of living	89	117	100
Goods & Services	101	108	100
Groceries	99	102	100
Health care	103	103	100
Housing	59	145	100
Transportation	108	105	100
Utilities	105	100	100

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Cost Of Living Quick Facts

The cost of living in Waterloo is 23% lower than the New York average
The cost of living in Waterloo is 11% lower than the national average
Waterloo housing is 41% 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

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$66,707	$5,559	$1,556	$2,001
Renters	$26,294	$2,191	$613	$789

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 $66,707. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,556 per month to avoid calamity and poverty. The renters in the city have an income of about $26,294, which would make their monthly maximum allowable rental costs $613.

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%

Goods & Services

Item	Waterloo	National avg.	Difference
Haircut	$20.03	$24.26	17.4%
Beauty Salon	$42.39	$45.56	7.0%
Toothpaste	$3.62	$3.70	2.2%
Shampoo	$1.33	$1.28	4.1%
Movie	$13.27	$12.13	9.4%
Bowling	$16.74	$18.00	7.0%

Groceries

Item	Waterloo	National avg.	Difference
Ground Beef	$5.93	$5.84	1.6%
Fried Chicken	$1.39	$1.57	11.4%
Milk	$4.71	$4.67	0.8%
Potatoes	$5.13	$4.93	3.9%
Pizza	$14.83	$12.09	22.7%
Beer	$10.15	$10.41	2.5%

Health Care

Item	Waterloo	National avg.	Difference
Optometrist	$160.58	$125.68	27.8%
Doctor	$115.23	$135.78	15.1%
Dentist	$110.48	$113.29	2.5%
Ibuprofen	$10.49	$10.65	1.5%
Lipitor	$530.04	$468.60	13.1%

Housing

Item	Waterloo	National avg.	Difference
Home Price	$91,400.00	$184,700.00	50.5%
Avg. Mortgage Payment	$2,384.28	$2,346.69	1.6%
Apartment Rent	$782.00	$949.00	17.6%

Transportation

Item	Waterloo	National avg.	Difference
Gasoline	$3.59	$3.46	3.8%
Tire Balancing	$69.82	$59.92	16.5%

Utilities

Item	Waterloo	National avg.	Difference
All Electricity	$166.89	$193.99	14.0%
Phone	$194.41	$192.25	1.1%

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	Population	Cost of Living Index	National Avg.
Port Gibson, NY	859	101	0.7%
Savannah, NY	550	85	15.1%
Clyde, NY	1,832	85	14.6%
Lyons, NY	3,313	87	13.3%
Romulus, NY	431	88	12.1%
Waterloo, NY	4,707	89	10.5%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Lake Montezuma, AZ	4,707	105	5.3%
New Lexington, OH	4,707	81	19.1%
Dorneyville, PA	4,707	120	19.6%
Saint-Jean-de-Matha, QC	4,707	n/a
Smith Mills, MA	4,706	115	15.3%
Waterloo, NY	4,707	89	10.5%

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

Cost of Living in Waterloo, NY