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