Primary sources for Waterloo, IA
- Census Bureau profile of Waterloo, IA, ACS data
- EIA-861 utility data for Waterloo, IA, prices
- DOE LEAD tool for Waterloo, IA, energy burden
- NOAA storms and FEMA flood claims for Waterloo, IA
Electricity rates in Waterloo, Iowa
Waterloo, IA ranks 1st of 15 Iowa cities for the lowest median home value ($150,200). Waterloo, Iowa has 66,947 residents in 28,947 households; 29.9% heat with electricity.
Waterloo on the map
Black Hawk County, with Waterloo marked
Housing and heating in Waterloo
Waterloo, IA: 25,021 of 32,170 homes were built before 1980 and 3,676 in 2000 or later. Waterloo, IA has 22,094 detached houses, 5,606 homes in 5+ unit buildings and 966 mobile homes.
Age of homes in Waterloo, IA
% of homes by decade built, Waterloo, IA
- 21pre-40
- 840s
- 1950s
- 1560s
- 1470s
- 680s
- 590s
- 600s
- 610s
- 020+
Heating fuel in Waterloo, IA
| Waterloo, IA | Value | County | Gap | Rank (1 = highest) |
|---|---|---|---|---|
| Waterloo, IA, median year built | 1961 | 1966 | -5 years | 13 of 15 |
| Waterloo, IA, built before 1980 | 77.8% | 70.7% | +7.1 points | 2 of 15 |
| Waterloo, IA, built 2000 or later | 11.4% | 15.8% | -4.3 points | 14 of 15 |
| Waterloo, IA, detached houses | 68.7% | 69.7% | -1.1 points | 4 of 15 |
| Waterloo, IA, apartments in 5+ unit buildings | 17.4% | 16.7% | +0.8 points | 12 of 15 |
| Waterloo, IA, mobile homes | 3.0% | 2.8% | +0.2 points | 7 of 15 |
| Waterloo, IA, renter households | 38.9% | 34.7% | +4.2 points | 5 of 15 |
| Waterloo, IA, median home value | $150,200 | $182,400 | -$32,200 | 15 of 15 |
| Waterloo, IA, median gross rent a month | $896 | $962 | -$66 | 15 of 15 |
| Waterloo, IA, people per household | 2.28 | 2.34 | -0.06 | 9 of 15 |
Facts about Waterloo
- Residents of Waterloo, IA, ACS 2023
- 66,9478 of 15 Iowa cities with 30,000+
- Median household income in Waterloo, IA
- $56,34415 of 15 of those cities
- Households in Waterloo, IA
- 28,9472.31 people each
- Owner-occupied homes in Waterloo, IA
- 61.1%17,694 owners and 11,253 renter households
- Housing units in Waterloo, IA
- 32,1703,223 vacant or seasonal
- Homes heated by electricity in Waterloo, IA
- 29.9%8,667 of 28,947 homes
- Land area of Waterloo, IA
- 61.6 sq mi1,086.9 people per sq mi
- Bill as share of income in Waterloo, IA
- 1.8% to 3.2%at 832 kWh a month over the $56,344 median household income
- Wind and tornado reports within 15 miles of Waterloo, IA
- 95NWS point reports 2015 to 2025, 141.9 per 100,000 residents
- Median year homes were built in Waterloo, IA
- 196125,021 of 32,170 homes (77.8%) before 1980
- Median home value and rent in Waterloo, IA
- $150,200$896 gross rent a month, 7.16% of value a year
Electricity price since 2015 around Waterloo
MidAmerican Energy Co charged Waterloo homes 9.75 ¢/kWh in 2015. Waterloo: 11.01 ¢ in 2024, 13% up. Waterloo: against 15% up for the Iowa average.
Waterloo: a 832 kWh month at that price. Waterloo: $81 in 2015, $92 in 2024. Waterloo: $1,100 a year, 2.0% of the $56,344 median income.
Waterloo: 10 yearly prices
| Year | MidAmerican Energy Co, Waterloo | Waterloo: Gap to Iowa average | Waterloo: Gap to U.S. average |
|---|---|---|---|
| 2015, Waterloo | 9.75 | -1.88 | -2.90 |
| 2016, Waterloo | 10.23 | -1.71 | -2.32 |
| 2017, Waterloo | 10.55 | -1.79 | -2.34 |
| 2018, Waterloo | 10.30 | -1.94 | -2.57 |
| 2019, Waterloo | 10.28 | -2.18 | -2.73 |
| 2020, Waterloo | 10.34 | -2.12 | -2.81 |
| 2021, Waterloo | 10.75 | -1.98 | -2.91 |
| 2022, Waterloo | 11.01 | -2.14 | -4.03 |
| 2023, Waterloo | 11.00 | -2.31 | -5.00 |
| 2024, Waterloo | 11.01 | -2.39 | -5.47 |
Waterloo, IA: EIA-861 home prices, 2015 to 2024, not a Waterloo, IA price.
CSVCost of living with electricity in Waterloo
Waterloo, IA: 28,947 households at $1,033 a year per home for electricity (Black Hawk County average, DOE LEAD) come to about $29.9 million, an estimate; all home energy is $1,794 a year per household.
| Group in Waterloo, IA | Households | Power per home | Power bill of the group | Share of Waterloo, IA median income |
|---|---|---|---|---|
| Waterloo, IA, all households | 28,947 | $1,033 | $29.9 million | 1.83% |
| Waterloo, IA, homeowners | 17,694 | $1,174 | $20.8 million | 2.08% |
| Waterloo, IA, renters | 11,253 | $768 | $8.6 million | 1.36% |
Who lives in Waterloo: income, cars, homes
In Waterloo, IA, 2,430 households own no vehicle and 15,400 own two or more; home EV charging depends on that. Of 31,742 workers in Waterloo, IA, 2,241 work from home, 24,702 drive alone, 119 ride transit and 468 walk. In Waterloo, IA, 8,257 of 28,947 households earn under $35,000, 10,435 $35,000-$75,000, 7,718 $75,000-$150,000 and 2,537 $150,000 or more. 10,818 residents of Waterloo, IA live below the poverty line, and the median age is 36.6. Waterloo, IA homes: 15,952 have 3+ bedrooms, 4,671 none or one, median 5.2 rooms. In Waterloo, IA, 4,684 of 10,699 renter households pay 30% or more of income in rent; 10,884 households moved in since 2018 and 6,275 before 2000, so electric accounts turn over at a moderate pace.
Household income in Waterloo, IA
| Waterloo, IA | Value | Rank in Iowa (1 = highest) |
|---|---|---|
| Waterloo, IA, households under $35,000 | 28.5% | 3 of 15 |
| Waterloo, IA, households $150,000 or more | 8.8% | 15 of 15 |
| Waterloo, IA, residents below poverty | 16.4% | 3 of 15 |
| Waterloo, IA, median age | 36.6 | 8 of 15 |
| Waterloo, IA, homes with 3+ bedrooms | 49.6% | 12 of 15 |
| Waterloo, IA, households without a vehicle | 8.4% | 4 of 15 |
| Waterloo, IA, households with 2+ vehicles | 53.2% | 14 of 15 |
| Waterloo, IA, workers at home | 7.1% | 14 of 15 |
| Waterloo, IA, cost-burdened renters | 43.8% | 10 of 15 |
| Waterloo, IA, moved in since 2018 | 37.6% | 7 of 15 |
| Waterloo, IA, moved in before 2000 | 21.7% | 1 of 15 |
Outage risk around Waterloo
Waterloo, IA, NWS reports within 15 miles of the center, 2015 to 2025: 89 wind and 6 tornado, 141.9 per 100,000 residents of 66,947. Top gust near Waterloo, IA: 70 knots, 81 mph. Damage near Waterloo, IA: $518K.
Reports within 15 miles of Waterloo, IA
wind and tornado reports, Waterloo, IA
- 7'15
- 11'16
- 10'17
- 3'18
- 7'19
- 14'20
- 9'21
- 0'22
- 3'23
- 8'24
- 23'25
| Waterloo, IA | Wind | Tornado | Total |
|---|---|---|---|
| Waterloo, IA, 2015 | 7 | 0 | 7 |
| Waterloo, IA, 2016 | 11 | 0 | 11 |
| Waterloo, IA, 2017 | 10 | 0 | 10 |
| Waterloo, IA, 2018 | 1 | 2 | 3 |
| Waterloo, IA, 2019 | 7 | 0 | 7 |
| Waterloo, IA, 2020 | 10 | 4 | 14 |
| Waterloo, IA, 2021 | 9 | 0 | 9 |
| Waterloo, IA, 2023 | 3 | 0 | 3 |
| Waterloo, IA, 2024 | 8 | 0 | 8 |
| Waterloo, IA, 2025 | 23 | 0 | 23 |
Climate and electric heating around Waterloo
Waterloo is in Black Hawk County, IA. Waterloo: degree days are county values.
Waterloo: 7,135 heating degree days a year. Waterloo: 736 cooling degree days a year.
| Waterloo | County value |
|---|---|
| Waterloo, heating degree days, 1991-2020 normal | 7,135 |
| Waterloo, heating degree days, 2016-2025 mean | 6,811 |
| Waterloo, cooling degree days, 1991-2020 normal | 736 |
| Waterloo, cooling degree days, 2016-2025 mean | 842 |
| Waterloo, homes heated with electricity, ACS 2019-2023 | 30.2% |
Waterloo: NOAA nClimDiv 7 Oct 2026; ACS B25040.
Who supplies Waterloo
Black Hawk County lists 4 utilities for Waterloo, IA (66,947 residents): homes pay 10.42 to 17.90 cents per kWh, about $87 to $149 a month at 832 kWh, 1.8% to 3.2% of the $56,344 Waterloo median income. Black Hawk County page.
Analyst note on Waterloo
Household income in Waterloo, IA is $56,344; 17,694 of its 28,947 households own. Waterloo, IA counts 66,947 residents in 28,947 households, on 61.6 square miles. 8,667 of the 28,947 occupied homes in Waterloo, IA heat with electricity.
Waterloo, IA has 32,170 housing units, 3,223 of them vacant or seasonal. Waterloo, IA ranks 1st of 15 Iowa cities for the lowest median rent ($896 a month). Waterloo, IA ranks 1st of 15 Iowa cities for the lowest median household income ($56,344).
Waterloo, IA ranks 2nd of 15 Iowa cities for the fewest people working from home (7.1% of workers).
Bill and heat pump calculator, Waterloo
Compare Waterloo with nearby cities
| City near Waterloo, IA | Distance from Waterloo | Residents | Median income | Median year built | Median home value | Storm reports within 15 miles | Work from home |
|---|---|---|---|---|---|---|---|
| Waterloo, IA (this page) | 0 mi | 66,947 | $56,344 | 1961 | $150,200 | 95 | 7.1% |
| Cedar Falls, IA | 5.5 mi west | 40,662 (-26,285) | $74,165 (+$17,821) | 1975 (+14 yr) | $252,500 (+$102,300) | 85 (-10) | 11.0% (+3.9 pts) |
| Marion, IA | 49.9 mi southeast | 41,690 (-25,257) | $87,105 (+$30,761) | 1992 (+31 yr) | $230,800 (+$80,600) | 207 (+112) | 16.5% (+9.4 pts) |
| Cedar Rapids, IA | 50.1 mi southeast | 136,859 (+69,912) | $67,859 (+$11,515) | 1973 (+12 yr) | $177,100 (+$26,900) | 183 (+88) | 12.6% (+5.5 pts) |
| Iowa City, IA | 71.5 mi southeast | 75,264 (+8,317) | $57,533 (+$1,189) | 1984 (+23 yr) | $273,600 (+$123,400) | 116 (+21) | 11.2% (+4.1 pts) |
| Ames, IA | 72.5 mi southwest | 66,112 (-835) | $60,102 (+$3,758) | 1991 (+30 yr) | $263,800 (+$113,600) | 103 (+8) | 11.3% (+4.3 pts) |
ZIP codes in Waterloo
| ZIP area touching Waterloo, IA | Share of the ZIP's land inside Waterloo | Share of Waterloo's land in the ZIP |
|---|---|---|
| 50701 (Waterloo, IA) | 32.0% | 41.1% |
| 50703 (Waterloo, IA) | 25.6% | 38.8% |
| 50702 (Waterloo, IA) | 79.7% | 12.6% |
| 50707 (Waterloo, IA) | 39.0% | 5.2% |
| 50613 (Waterloo, IA) | 1.1% | 2.3% |
Census 2020 ZCTA to place land-area overlap. Look up any ZIP.
Iowa: home prices since 2001, planned plants.
Questions on Waterloo
Waterloo: what is the electricity rate?
Waterloo, IA has no price of its own; its 66,947 residents are served by one of 4 utilities, and a 832 kWh month costs $87 to $149.
Waterloo: how does it rank among Iowa cities?
Waterloo, IA: rank 8 of 15 by its 66,947 residents, rank 15 of 15 by $56,344 median income.
Waterloo: how many homes heat with electricity?
Waterloo, IA: 8,667 of 28,947 occupied homes, 29.9%; Black Hawk County 30.2%.
Waterloo: how much income goes to electricity?
At 832 kWh a month, 1.8% to 3.2% of the $56,344 median income in Waterloo, IA.
Waterloo: damaging storms reported nearby?
95 NWS wind and tornado reports within 15 miles of the center of Waterloo, IA, 2015 to 2025, 141.9 per 100,000 residents.
How old are the homes in Waterloo?
Waterloo, IA: median home built 1961; 25,021 of 32,170 homes (77.8%) predate 1980, 22,094 are detached and 5,606 sit in buildings of 5+ units.
How many Waterloo, IA households have no car?
2,430 households; 15,400 have two or more.
How many people in Waterloo, IA work from home?
2,241 of 31,742 workers.
How many households in Waterloo, IA earn under $35,000?
8,257 of 28,947, against 2,537 at $150,000 or more.