Waterloo-Cedar Falls, IA Metropolitan Wage Intelligence
Data updated · Sources: BLS OEWS May 2025, HUD FY 2027 Fair Market Rents, EPI 2026 Family Budget, 2026 tax tables · Methodology
Waterloo-Cedar Falls, IA has a cost-of-living index of 90.1 (9.9% below the national average), HUD fair market rent of $838 for a 1-bedroom unit, and a single-adult living wage of $19.94/hour. This dossier benchmarks 45 occupations against Waterloo-Cedar Falls, IA wage percentiles, led by Chief Executives at $199,010 median.
HUD Fair Market Rents & Family Expenditure Benchmarks
Official Fair Market Rent (FMR) levels established by the US Department of Housing and Urban Development (HUD) paired with living wage targets.
In the Waterloo-Cedar Falls, IA metropolitan statistical area, a single working adult needs an estimated $19.94/hour ($41,475/year) to cover basic expenditures, while two working adults supporting one child each need about $18.73/hour.
Sector & Industry Compensation Highlights
Breakdown of median earnings, workforce scale, and premier occupations across major economic sectors.
Comparative Occupation Salary Matrix
Localized median wages, hourly equivalents, national premium deltas, and purchasing power across all tracked careers.
| Occupation Title & Category | Metro Median Salary | Hourly Rate | vs National Avg | CoL Adjusted Real Wage | Explore |
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Peer Metropolitan Market Comparisons
Side-by-side BLS median wages, housing rent benchmarks, and municipal tax rates across key regional competitors.
Metropolitan Labor Economics & Frequently Asked Questions
What is the median salary in the Waterloo-Cedar Falls, IA metropolitan area in 2026?
The BLS median wage across all occupations in Waterloo-Cedar Falls, IA is $47,430 per year ($22.80/hour), −7.0% vs US (BLS OEWS May 2025).
What are the HUD Fair Market Rents in Waterloo-Cedar Falls, IA?
According to HUD Fair Market Rent (FMR) data, a 1-bedroom apartment in Waterloo-Cedar Falls, IA costs $838/month and a 2-bedroom $1,096/month. The metro's median wage covers annual 1BR rent 4.7x over.
What local municipal taxes apply to workers in Waterloo-Cedar Falls, IA?
Workers residing or performing services within Waterloo-Cedar Falls, IA are subject to no municipal income tax, in addition to statutory state income tax, federal income tax, and FICA withholdings.
What is the living wage required in Waterloo-Cedar Falls, IA for single adults and families?
Based on the EPI Family Budget Calculator, a single working adult in Waterloo-Cedar Falls, IA needs about $19.94/hour ($41,475/year) to cover basic expenses. Two working adults supporting one child each need about $18.73/hour, 77,917 a year for the household.
Metropolitan statistical area compensation intelligence, living wage requirements, and occupation distributions in Waterloo-Cedar Falls, IA. Official 2026 economic data for Waterloo-Cedar Falls, IA compiled from Bureau of Labor Statistics OEWS surveys, HUD Fair Market Rents, and statutory tax codes.