ZIP 50702 — Economy & Jobs

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow Area

Income, employment, industries, and economic trends

Income & Economy in Waterloo city, IA (50702)

Median Income

$59,784

*Adjusted for inflation (2023 dollars)

IRS Net Migration

+1,216

Wealth inflow

Population

21,197

Unemployment

5.2%

1.5pp above US avg

IRS migration statistics show a net inflow of about 1,216 for ZIP 50702 (Waterloo city, IA) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.

Economic Indicators

Unemployment

5.2%+41% vs US avg

Self-Employed

3.1%-49% vs US avg

SNAP Benefits

15.3%+31% vs US avg

495

Establishments

9,513

Employees

~19 per establishment — small businesses dominate

Manufacturing

Top Industry

Economic Distributions

Census ACS 5-Year (P0): occupation, industry, household income brackets.

Occupation

Industry

Agriculture, forestry, mining0.5%
Construction4.5%
Manufacturing21.2%
Wholesale trade2.1%
Retail trade13.3%
Transportation, utilities6.4%
Information1.4%
Finance, insurance, real estate6.7%
Professional, scientific, management7.4%
Education, health care, social22.4%
Arts, entertainment, food services9.2%
Other services3.0%
Public administration1.9%

Household Income

Historical Trends in 50702 (2020–Present)

Since 2020, population grew 6.9%, median income fell 3.6% (inflation-adjusted), home values increased 4.3%.

Median Income

$59,784

-20% vs US avg

Unemployment Rate