Cost of Living: Norton Shores, MI vs Waterloo, IA
Quick rent-and-take-home comparison
Using a baseline of $70,000/yr gross, take-home is about $4,268/mo in Norton Shores, MI versus $4,184/mo in Waterloo, IA. In the model, rent is about 18.74% of gross in Norton Shores, MI versus 13.06% in Waterloo, IA, so Waterloo, IA tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Norton Shores, MI and Waterloo, IA.
At a glance
- Cheaper overall (lower cost-of-living index): Waterloo, IA
- Lower rent (median 1BR/2BR): Waterloo, IA
- Lower home prices: Waterloo, IA
- Higher median household income: Norton Shores, MI
Cost of Living Index
Norton Shores, MI: 100 (U.S. = 100) · Waterloo, IA: 100 (U.S. = 100)
Both cities have the same cost-of-living index (U.S. average = 100).
Median Rent
Norton Shores, MI: $1,222/mo (midpoint of 1BR/2BR) · Waterloo, IA: $852/mo
Median rent in Norton Shores, MI is $370/mo higher than in Waterloo, IA.
Median Home Price
Norton Shores, MI: $214,000 · Waterloo, IA: $150,200
Median home price in Norton Shores, MI is $63,800 higher than in Waterloo, IA.
Median Household Income
Norton Shores, MI: $73,390 · Waterloo, IA: $56,344
Norton Shores, MI has a higher median household income than Waterloo, IA by $17,046.
Norton Shores, MI overview · Waterloo, IA overview · Popular comparisons