Cost of Living: Waterloo, IA vs Phoenix, AZ
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 $4,370/mo in Phoenix, AZ. In the model, rent is about 13.06% of gross in Waterloo, IA versus 21.24% in Phoenix, AZ, so Waterloo, IA tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Waterloo, IA and Phoenix, AZ.
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: Phoenix, AZ
Cost of Living Index
Waterloo, IA: 100 (U.S. = 100) · Phoenix, AZ: 102.4 (U.S. = 100)
Waterloo, IA has a lower cost-of-living index than Phoenix, AZ, so a given salary generally stretches further there.
Median Rent
Waterloo, IA: $852/mo (midpoint of 1BR/2BR) · Phoenix, AZ: $1,385/mo
Median rent in Phoenix, AZ is $533/mo higher than in Waterloo, IA.
Median Home Price
Waterloo, IA: $150,200 · Phoenix, AZ: $381,900
Median home price in Phoenix, AZ is $231,700 higher than in Waterloo, IA.
Median Household Income
Waterloo, IA: $56,344 · Phoenix, AZ: $77,041
Phoenix, AZ has a higher median household income than Waterloo, IA by $20,697.
Waterloo, IA overview · Phoenix, AZ overview · Popular comparisons