Davenport, IA vs Waterloo, IA

Davenport, IA and Waterloo, IA have a very similar cost of living, with only a 3.6% difference in their overall index. Davenport scores 73 while Waterloo scores 70 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Davenport is $930/month compared to $896/month in Waterloo — a 4% difference. Home values follow the same pattern: Waterloo is more affordable at $150,200 median vs $162,900.

Median household income in Davenport is $64,497 compared to $56,344 in Waterloo (+14.5%). While Davenport is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Davenport spend roughly 17.3% of their income on rent, less than the 19.1% in Waterloo.