Paycheck Atlas

Is $40k a good salary in Waterloo, IA?

tight A $40k salary is 44% below the median household income here ($70,811). After tax you take home about $2,733 a month, and median rent ($977) takes 36% of that.

$32,800 take-home a year
Gross pay$40,000
Federal income tax−$2,620
Social Security + Medicare−$3,060
Iowa income tax (approx.)−$1,520
Monthly take-home$2,733
Every two weeks$1,262
$45,947What $40k buys in Waterloo, IA, expressed in average-US prices (price level 87.1).
36%Rent share of take-home. Under 25% is comfortable, 25–35% workable, above 35% tight.

Jobs that pay about $40k in Waterloo, IA

Other salaries in Waterloo, IA

Median household income and rent: Census 2024 ACS 5-year. Household income covers all earners, so compare with care if you live alone. Take-home is an estimate for a single filer.