Detroit, MI vs Waterloo, IA
Cost of Living Comparison
Waterloo, IA is more affordable by 13.2 index points
Side-by-Side Comparison
| Category | Detroit, MI | Waterloo, IA | Difference |
|---|---|---|---|
| Overall | 100.3 | 87.1 | +13.2 |
| Housing | 94.7 | 63.1 | +31.6 |
| Goods | 98.8 | 93.7 | +5.1 |
| Utilities | 107.0 | 83.7 | +23.3 |
| Other Services | 102.6 | 92.9 | +9.7 |
Income & Housing Comparison
| Metric | Detroit, MI | Waterloo, IA |
|---|---|---|
| Median Household Income | $72,456 | $66,732 |
| Median Home Value | $223,800 | $176,100 |
| Median Monthly Rent | $1,112 | $916 |
| Per Capita Income | $40,536 | $36,429 |
Frequently Asked Questions
Is Detroit, MI or Waterloo, IA cheaper to live in?
Waterloo, IA is more affordable. The cost of living difference is 13.2 index points (Detroit, MI: 100.3, Waterloo, IA: 87.1).
Where is housing cheaper, Detroit, MI or Waterloo, IA?
Housing is more affordable in Waterloo, IA. Housing index: Detroit, MI (94.7) vs Waterloo, IA (63.1).