Waterloo, IA — income, home value, property tax, and sales tax.
In ZIP code 50702, which takes in part of Waterloo, households earn a median of $62,021 a year, or about $32,071 per person. With homes valued at a median of $150,500 and the county's effective property tax rate at 1.50%, annual property taxes on such a home come to roughly $2,258. Sales tax in the area runs 7.00%, so everyday purchases carry a noticeable surcharge. Together these costs shape what a household here can set aside or spend elsewhere.
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