Cost of Living: Quincy, IL vs Waterloo, IA

Quick rent-and-take-home comparison

Using a baseline of $70,000/yr gross, take-home is about $4,227/mo in Quincy, IL versus $4,184/mo in Waterloo, IA. In the model, rent is about 12% of gross in Quincy, IL versus 13.06% in Waterloo, IA, so Quincy, IL tends to feel more affordable for rent.

Take-home in Quincy, IL
$4,227/mo
Income level: above
Take-home in Waterloo, IA
$4,184/mo
Income level: above
Rent share (1BR) in Quincy, IL
12%
COLI tier: mid-range
Rent share (1BR) in Waterloo, IA
13.06%
COLI tier: mid-range

Compare cost of living, rent, housing prices, and salary affordability between Quincy, IL and Waterloo, IA.

At a glance

  • Cheaper overall (lower cost-of-living index): Waterloo, IA
  • Lower rent (median 1BR/2BR): Quincy, IL
  • Lower home prices: Quincy, IL
  • Higher median household income: Quincy, IL

Cost of Living Index

Quincy, IL: 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

Quincy, IL: $783/mo (midpoint of 1BR/2BR) · Waterloo, IA: $852/mo

Median rent in Waterloo, IA is $69/mo higher than in Quincy, IL.

Median Home Price

Quincy, IL: $146,100 · Waterloo, IA: $150,200

Median home price in Waterloo, IA is $4,100 higher than in Quincy, IL.

Median Household Income

Quincy, IL: $56,372 · Waterloo, IA: $56,344

Quincy, IL has a higher median household income than Waterloo, IA by $28.

Quincy, IL overview · Waterloo, IA overview · Popular comparisons