Louie Waterloo Residences

In Waterloo, there is a community of 118,234 individuals. A significant proportion, precisely 75%, are married, while 48% are families with kids. Roughly 89.1% of people prefer English as their primary means of communication. Moreover, the median age of this population stands at 37.7, and the balance between males and females is equal, with a ratio of 1.0:1.

Waterloo has a diversified cultural population, with Chinese residents constituting a significant portion, making up 10.7% of the community. Furthermore, South Asians contribute 7.9% to the population, while the Arab community accounts for 2.2% in Waterloo.

Waterloo’s cost of living is 13% lower than Ontario’s average, outperforming the national average by 2%. Housing prices in Waterloo are specifically 30% lower than the national average. Meanwhile, the Ontario general sales tax stands at a staggering 33% higher than the national average, while the state income tax in Ontario is a noteworthy 40% lower than the national average. These factors may offset some of the costs of living in Waterloo.

Waterloo’s median household income surpasses the national average by 15%. The unemployment rate in this area is also considerably lower, standing at 45% less than the national average. Additionally, 7.8% of individuals in Waterloo earn $20,000 or less, while 10.5% earn between $80,000 and $100,000.