Waterloo is a somewhat small city located in the state of Illinois. With a population of 10,578 people and three constituent neighborhoods, Waterloo is the 222nd largest community in Illinois. Much of the housing stock in Waterloo was built relatively recently. The construction of new real estate can often be taken as an indication that the local Waterloo economy is robust, and that jobs or other amenities are attracting an influx of new residents. This seems to be the case in Waterloo, where the median household income is $67,682.00.
Unlike some cities, Waterloo isn’t mainly white- or blue-collar. Instead, the most prevalent occupations for people in Waterloo are a mix of both white- and blue-collar jobs. Overall, Waterloo is a city of sales and office workers, professionals, and managers. There are especially a lot of people living in Waterloo who work in office and administrative support (12.06%), management occupations (11.25%), and sales jobs (10.53%).
Also of interest is that Waterloo has more people living here who work in computers and math than 95% of the places in the US.
One interesting thing about the economy is that relatively large numbers of people worked from their home: 10.20% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
Because of many things, Waterloo is a very good place for families to consider. With an enviable combination of good schools, low crime, college-educated neighbors who tend to support education because of their own experiences, and a high rate of home ownership in predominantly single-family properties, Waterloo really has some of the features that families look for when choosing a good community to raise children. Is Waterloo perfect? Of course not, and if you like frenetic nightlife, it will be far from your cup of tea. But overall this is a solid community, with many things to recommend it as a family-friendly place to live.
The overall education level of Waterloo citizens is substantially higher than the typical US community, as 31.26% of adults in Waterloo have at least a bachelor's degree, and the average American community has 21.84%.
The per capita income in Waterloo in 2018 was $34,289, which is upper middle income relative to Illinois and the nation. This equates to an annual income of $137,156 for a family of four. However, Waterloo contains both very wealthy and poor people as well.
The people who call Waterloo home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Waterloo residents report their race to be White, followed by Asian. Important ancestries of people in Waterloo include German, Irish, English, French, and Italian.
The most common language spoken in Waterloo is English. Other important languages spoken here include Italian and Polish.