Can An Elementary School Teacher Afford Rent in Waterloo, IL?
Comfortably affordable — rent takes 23.7% of gross income.
Waterloo rent: January 2026. Salary: BLS OEWS May 2024 (Illinois state estimate).
About rent and an elementary school teacher salary
Teacher affordability is one of the sharpest local-rent lenses available, because public-school pay scales are set by state and district while rent is set by local market conditions. The result is that two teachers with identical credentials can face very different rent burdens depending on where they teach. At the national-average teacher salary, the 30% rule supports about $1,677 a month in rent — comfortable in most of the Midwest and South, tight in mid-cost cities, and out of reach without roommates in the most expensive coastal markets. The per-city pages below combine local rent with local teacher-pay estimates to show where the math works.
Cheaper rent nearby
These Illinois cities have lower median rent than Waterloo, which improves the affordability math on an elementary school teacher salary:
Compare with full rent data for Waterloo
View full rent data for Waterloo, IL →Frequently asked questions
Can an elementary school teacher afford rent in Waterloo, IL?
Median rent in Waterloo is $1,350 a month. A typical elementary school teacher in Illinois earns about $68,422 a year, which makes that rent 23.7% of gross monthly income. Under the 30% rule, the answer is yes.
How much rent can an elementary school teacher afford in Waterloo?
Using the 30% rule, an elementary school teacher salary in Illinois (~$68,422/yr) supports up to $1,711 a month in rent. Waterloo's current median rent is $1,350/mo, which leaves a $361/mo buffer.
How many hours does an elementary school teacher work to cover rent in Waterloo?
At an hourly equivalent of about $33 an hour, an elementary school teacher in Illinois works roughly 41 hours a month to cover Waterloo's median rent of $1,350.
Where is rent cheaper than Waterloo for an elementary school teacher?
Nearby Illinois cities with lower median rent include Swansea ($1,349/mo), Champaign ($1,348/mo), Cicero ($1,345/mo). Each shifts the affordability math materially on an elementary school teacher salary.