CostIndexUSA

Casper, WY vs Waterloo, IA Cost of Living

Data: BEA Regional Price Parities · Census ACS · 2024

WY
Casper
93.8
overall index
$1,225/mo rent
More AffordableIA
Waterloo
87.1
overall index
$1,075/mo rent

Waterloo is moderately cheaper than Casper — 7.1% lower overall cost of living.

To match an $80,000 salary in Casper, you would need $74,300 in Waterloo. Calculate your salary ↓

Category Breakdown

Index values: 100 = U.S. national average. Higher = more expensive.

🏠 Housing15.0%
Casper
74.2
Waterloo
63.1
🛒 Groceries1.8%
Casper
95.4
Waterloo
93.7
🚗 Transportation7.4%
Casper
105.4
Waterloo
97.6
🏥 Healthcare7.4%
Casper
95.4
Waterloo
88.3
Utilities+6.1%
Casper
78.9
Waterloo
83.7

Salary Equivalency Calculator

Enter your current salary in Casper to see what you'd need to earn in Waterloo to maintain the same purchasing power.

$
Equivalent salary in Waterloo, IA
$74,300
$5,700 less needed in Waterloo

Formula: salary × (87.1 ÷ 93.8) = salary × 0.9286. Based on BEA Regional Price Parities.

Housing Market

Casper, WY

Median Home Price
$302,000
Median Monthly Rent
$1,225
Housing Index
74.2
Price-to-Rent Ratio
20.5×

Waterloo, IA

Median Home Price
$192,000
Median Monthly Rent
$1,075
Housing Index
63.1
Price-to-Rent Ratio
14.9×

Casper has 15.0% lower housing costs compared to Waterloo.

Income & Job Market

Casper, WY

Median Household Income
$73,200
Per Capita Income
$41,700
Unemployment Rate
3.2%
Population
59,324
Top Industries
EnergyHealthcareGovernmentRetailManufacturing

Waterloo, IA

Median Household Income
$62,400
Per Capita Income
$35,600
Unemployment Rate
3%
Population
67,470
Top Industries
ManufacturingHealthcareAgricultureRetailEducation

Affordability at a Glance

Income-to-rent ratio: higher is better (more income relative to housing costs).

Casper, WY
5.0×income-to-rent ratio

80% of income left after rent (median)

Waterloo, IA
4.8×income-to-rent ratio

79% of income left after rent (median)

Data Sources: Bureau of Economic Analysis (BEA) Regional Price Parities 2024; U.S. Census Bureau American Community Survey (ACS); Bureau of Labor Statistics (BLS) Local Area Unemployment Statistics; Zillow Research.

Cost indices use 100 as the U.S. national average. Values above 100 indicate costs above the national average. Data is updated annually.

This data is for informational purposes only and should not be used as the sole basis for relocation or financial decisions.