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Waterloo, Indiana Demographics & Population 2026

Very AffordableHome value to income ratio of 1.6x is exceptionally low

During the 2020–2024 ACS period, Waterloo, Indiana had a total population of 2,073, the 224th largest town in Indiana, with a median household income of $67,083, which is 7% lower than the state average. The poverty rate is 12.5%.

Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes

Key Takeaways

Waterloo Quick Facts

Population 2,073
Median Household Income $67,083
Median Home Value $104,600
Poverty Rate 12.5%
Unemployment Rate 6.4%
Median Age 35.3 years
Homeownership Rate 81.2%
Affordability Ratio 1.6x
Bachelor's Degree or Higher 14.2%
High School Graduation Rate 87.8%
Diversity Index 24/100
Population 2,073 224th of 967
Median Income $67,083 average
Poverty Rate 12.5% about the same as national
Median Home Value $104,600 bottom 30%

How Waterloo Changed

Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.

Metric2019–20232020–2024Change
Population2,1802,073-4.9%
Median household income$61,375$67,083+9.3%
Median home value$108,600$104,600-3.7%

How Waterloo Compares

Economy & Housing

Household Income Distribution

Under $25K 14.8%
$25K-$50K 23.0%
$50K-$100K 39.5%
$100K+ 22.8%
Detailed income brackets
Under $10K
4.7%
$10K-$15K
0.9%
$15K-$20K
7.2%
$20K-$25K
1.9%
$25K-$30K
5.4%
$30K-$35K
6.7%
$35K-$40K
2.6%
$40K-$45K
5.4%
$45K-$50K
2.9%
$50K-$60K
6.5%
$60K-$75K
11.0%
$75K-$100K
22.0%
$100K-$125K
11.1%
$125K-$150K
8.4%
$150K-$200K
1.8%
$200K+
1.4%

Employment

6.4% Unemployment Rate State: 4.3%|National: 5.2%
75.8% Labor Force Participation

Housing Overview

Owner 81.2%
Renter 18.8%
Affordability Index Very Affordable
1.6x home value to income ratio
Median gross rent $829/mo 14.8% of median household income annually

People & Demographics

Diversity Index

24out of 100
Very Low Diversity

A less diverse community where one racial or ethnic group represents a large majority.

State average: 41 | National average: 61

Education

Waterloo Rankings in Indiana

#224 Population of 967
#346 Median Income of 796
#495 Education of 966
#624 Home Value of 818

Other Cities in DeKalb County

CityPopulationMedian IncomePovertyHome Value
Auburn 13,565 $68,750 9.8% $190,800
Garrett 6,642 $64,179 15.3% $154,200
Butler 2,660 $54,688 19.3% $107,700
Hamilton 1,939 $69,761 7.3% $298,200
Ashley 1,230 $49,091 11.1% $132,100
Altona 415 $64,237 2.6% $114,600
St. Joe 411 $55,000 12.7% $87,100
Corunna 128 $57,500 6.3% $85,000

Cities Similar to Waterloo

These cities in the same state have comparable population and economic profiles.

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Fremont2,112$66,304$151,50014.8%9.4%
Walkerton2,115$65,340$149,20022.6%6.4%
New Carlisle1,998$66,824$186,70030.3%4.5%
Greentown2,094$60,521$123,40019.6%7.0%
Southport1,975$71,058$206,30022.7%11.0%

Population Overview

Waterloo is a small community located in Indiana, within DeKalb County. The total population is 2,073. It ranks as the 224th most populous out of 967 Census-designated places in Indiana.

Age Demographics

The median age in Waterloo is 35.3 years. This is 7% lower than the state median of 38.1 years.

Economy, Income & Housing

The median household income in Waterloo is $67,083. This is 7% lower than the state median of $71,957. It is also 17% lower than the national median of $80,734. The poverty rate stands at 12.5%. This is 2% higher than the state poverty rate of 12.3%. The unemployment rate is 6.4%. This is 49% higher than the state rate of 4.3%. The median home value is $104,600. Housing costs are 52% lower than the state median of $218,200. With a home-value-to-income ratio of just 1.6x, Waterloo is one of the most affordable housing markets in the area. 81.2% of occupied housing units are owner-occupied. This homeownership rate is 15% higher than the state average of 70.5%.

Race & Ethnicity

Waterloo has a predominantly White (non-Hispanic) population, comprising 86.6% of all residents. Hispanic or Latino residents account for 5.2%. The Black or African American population (0.5%) is well below the state average of 9.1%. The Asian population (0.3%) is well below the state average of 2.6%.

Education

14.2% of residents aged 25 and older hold a bachelor's degree or higher. This is 52% lower than the state rate of 29.5%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 87.8%.

Data Sources & Methodology

All demographic data for Waterloo, Indiana is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Indiana state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 967 Census-designated places in Indiana. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.

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Frequently Asked Questions

What is the population of Waterloo, Indiana?

Waterloo, Indiana has a population of 2,073 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Waterloo, IN?

The median household income in Waterloo is $67,083, which is 17% lower than the national median of $80,734.

What is the poverty rate in Waterloo, IN?

The poverty rate in Waterloo is 12.5%. This means approximately 257 residents live below the federal poverty line.

What is the racial makeup of Waterloo, Indiana?

Waterloo's population is 86.6% White, 0.5% Black, 5.2% Hispanic/Latino, and 0.3% Asian.

What is the median home value in Waterloo, IN?

The median home value in Waterloo is $104,600. The home-value-to-income ratio is 1.6x.

How educated is Waterloo, Indiana?

14.2% of adults (25+) in Waterloo hold a bachelor's degree or higher, and 6.5% hold a graduate or professional degree.