Waterloo, IA Profile: Facts & Data

The City of Waterloo is the 9th largest city in Iowa with a population of 66,650 as of July 1, 2024. Waterloo ranks in the upper quartile for Population Density and Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Iowa. See peer rankings below.

The primary coordinate point for Waterloo is located at latitude 42.4928 and longitude -92.343 in Black Hawk County. The formal boundaries for the City of Waterloo encompass a land area of 61.39 sq. miles and a water area of 1.84 sq. miles. Black Hawk County is in the Central time zone (GMT -6).

The City of Waterloo has a C2 Census Class Code which indicates an active incorporated place legally coextensive with a county subdivision but treated as independent of any county subdivision. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The City of Waterloo is located within , a minor civil division (MCD) of Black Hawk County.

Waterloo, IA Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	66,650 (100%)
Population in Households	65,958 (99.0%)
Population in Families	48,186 (72.3%)
Population in Group Quarters¹	692 ( 1.0%)
Population Density	1,082
Diversity Index²	59


INCOME
Median Household Income	$53,305
Average Household Income	$75,318
% of Income for Mortgage⁴	19%
Per Capita Income	$32,746
Wealth Index⁵	59
Socioeconomic Status Index⁶	Low (44.8)

HOUSING
Total HU (Housing Units)	31,775 (100%)
Owner Occupied HU	17,585 (55.3%)
Renter Occupied HU	11,321 (35.6%)
Vacant Housing Units	2,869 ( 9.0%)
Median Home Value	$163,576
Average Home Value	$196,891
Housing Affordability Index³	118

HOUSEHOLDS
Total Households	28,906
Average Household Size	2.28
Family Households	15,858
Average Family Size	3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

Waterloo, IA - Peer Comparisons by Rank and Percentile

The table below compares Waterloo to the other 1,026 incorporated cities, towns and CDPs in Iowa by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	-0.23%	-0.22%
Households	-0.05%	0.06%
Families		-0.15%
Median Household Income		2.03%
Per Capita Income		3.15%
Owner Occupied HU		0.67%

Variable Description	Rank	Percentile
Total Population	# 9	99th
Population Density	# 227	78th
Median Household Income	# 973	5th
Housing Affordability Index	# 405	39th
Per Capita Income	# 869	15th
Diversity Index	# 30	97th

Waterloo, IA Profile: Facts & Data

Waterloo, Iowa - Basic Facts

Waterloo, IA Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Waterloo, IA - Peer Comparisons by Rank and Percentile

Waterloo, IA - Most Popular Things to Do

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