None of the Waterloo area's 10 most common jobs can buy a home in Cedar Falls
The typical house costs $280,616. At today's 7.32% mortgage rate, buying it takes $88,119 a year.
ESTIMATEHome price and rent for Cedar Falls, and jobs and tax for the Waterloo area. How the estimate works
THE WATERLOO AREA'S 10 MOST COMMON JOBS, BY MEDIAN PAY
MEDIAN PAY
Rent apt $56K
Rent house $63K
Buy $88K
You
Enter your pay above to add your row
General and operations managers
$82,400Rent a house
Registered nurses
$76,920Rent a house
Heavy and tractor-trailer truck drivers
$58,730Rent an apt
Miscellaneous assemblers and fabricators
$50,310Rent over 30%
Laborers and freight, stock, and material movers, hand
$47,440Rent over 30%
Customer service representatives
$39,530Rent over 30%
Stockers and order fillers
$36,990Rent over 30%
Retail salespersons
$31,270Rent over 30%
Cashiers
$29,320Rent over 30%
Fast food and counter workers
$27,820Rent over 30%
Each line is the yearly pay where that home fits the rule: rent at 30% of pay or less, and the mortgage, tax, insurance, and HOA at 28% of pay or less.