Waterloo is a somewhat small city located in the state of Illinois. With a population of 11,013 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 where white-collar or blue-collar occupations dominate the local economy, Waterloo is neither predominantly one nor the other. Instead, it has a mixed workforce 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.
Telecommuters are a relatively large percentage of the workforce: 10.20% of people work from home. While this number may seem small overall, as a fraction of the total workforce it is high relative to the nation. 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.
Waterloo is a good choice for families with children because of several factors. Many other families with children live here, making it a place where both parents and children are more likely to develop social ties with other families. The city’s good public school district and large population of college-educated adults provide an environment conducive to academic success. Many people own their own single-family homes, providing areas for children to play and stability in the community. Finally, Waterloo’s overall crime rate is lower than average for the country.
In terms of college education, Waterloo is substantially better educated than the typical community in the nation, which has 21.84% of the adults holding a bachelor's degree or graduate degree: 31.26% of adults in Waterloo have a college degree.
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.