Waterloo-Cedar Falls, IA

Waterloo-Cedar Falls Metro Area industry wages have increased by 20.6% percent since 2001

2007-03-19T02:16:00.000-07:00

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Industry wages, from 2001 to 2006, have increased in the Waterloo-Cedar Falls Metro Area by a total of 20.6%. This is greater than the growth in wages for the State of Iowa and greater than the growth in average industry wages for the United States.

About: These facts are part of the eCanned.com Industry Analysis Series.

Datasource: U.S. Department of Labor. Bureau of Labor Statistics. Quarterly Census of Employment and Wages (QCEW). Private Sector Employment Only.

Waterloo-Cedar Falls Metro Area Industry Wages Lag Behind Iowa, and Wages Lag Behind the United States Industry Wages

2007-02-27T23:11:00.000-08:00

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The overall industry wages in Waterloo-Cedar Falls, IA when analyzed can be described as medium-low when analyzed with other Metro Areas in the United States. The overall wages are 0.5 percent lower than the reported averages in the state of $32,587. The average pay was less than the US average pay of $40,259.

About: These facts are part of the eCanned.com Industry Analysis Series.

Datasource: U.S. Department of Labor. Bureau of Labor Statistics. Quarterly Census of Employment and Wages (QCEW). Private Sector Employment Only.

Waterloo-Cedar Falls Five-Year Industry Employment Change

2007-02-11T20:12:00.000-08:00

Total Five-Year Employment Decline in the Waterloo-Cedar Falls Metro Area

From of the area's 4-digit NAICS industries, the Misc. nondurable goods merchant wholesalers industry experienced most substantial job loss, losing 138 jobs during the period. The employment lost in the Misc. nondurable goods merchant wholesalers industry make up 23.9 percent of the employment lost during the period in Waterloo-Cedar Falls, IA.

Top 5 Industries
1. Misc. nondurable goods merchant wholesalers (138 jobs lost)
2. Limited-service eating places (125 jobs lost)
3. Automotive repair and maintenance (62 jobs lost)
4. Gasoline stations (60 jobs lost)
5. Automobile dealers (46 jobs lost)

In the Waterloo-Cedar Falls, IA metro area, the entire sum of jobs in all of the industries has increased by 1,176 jobs from mid-2001 to mid-2006.

Out of the 29 4-digit NAICS industries, 13 accounted an for increase in employment during the period and 16 industries reported a drop in employment.

Total Five-Year Employment Growth in the Waterloo-Cedar Falls Metro Area

The Full-service restaurants industry has added the most employment with 965 total jobs brought in during the period. The growth in the Full-service restaurants industry makes up 59.4 percent of the total number of new jobs in Waterloo-Cedar Falls.

Top 5 Industries
1. Full-service restaurants (965 new jobs)
2. General freight trucking (116 new jobs)
3. Electronics and appliance stores (86 new jobs)
4. Nonresidential building construction (83 new jobs)
5. Offices of physicians (80 new jobs)

Employment for all industries has increased by 1.6 percent from 2001 (2nd Quarter). These figures are less than percent in Iowa, experiencing a gain of 2.5 percent from the 2nd Quarter of 2001. The gains were less than than the gain seen for the United States of 2.6 percent.

The Waterloo-Cedar Falls Metro Area: Five-Year Percentage Growth in Employment

The Full-service restaurants industry has gone through the largest job growth by percent, increasing by 42.6 percent from the 2001 (Q2) to the 2006 (Q2). This industry in Waterloo-Cedar Falls has increased employment faster than the overall industry growth seen in the State of Iowa, where the industry took a gain of 16.5 percent. The Full-service restaurants industry in Waterloo-Cedar Falls outpaced the US in terms of percent growth of industry employment. During this period, the US gained 13.2 percent in this industry.

Top 5 Industries
1. Full-service restaurants (42.6 percent gain)
2. Electronics and appliance stores (33.3 percent gain)
3. Museums, historical sites, zoos, and parks (28.8 percent gain)
4. Book, periodical, and music stores (20.7 percent gain)
5. General freight trucking (20.1 percent gain)

The Waterloo-Cedar Falls Metro Area: Five-Year Percentage Decline in Employment

The Local messengers and local delivery industry has lost the biggest percent of jobs, losing 74.7 percent from 2001 (Q2) to 2006 (Q2). The losses of the area have declined faster than the industry has experienced in the State of Iowa, where the it saw a gain of 32.4 percent. The losses in the Local messengers and local delivery industry in Waterloo-Cedar Falls outpaced the losses of nation as a whole in the industry. In this time period, the nation lost 15.4 percent in terms of employees in the Local messengers and local delivery industry.

Top 5 Industries
1. Local messengers and local delivery (74.7 percent decline)
2. Travel arrangement and reservation services (30 percent decline)
3. Misc. nondurable goods merchant wholesalers (28.6 percent decline)
4. Performing arts companies (21.2 percent decline)
5. Medical equipment and supplies manufacturing (17.4 percent decline)

Waterloo-Cedar Falls One-Year Industry Employment Change

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In the Waterloo-Cedar Falls, IA metro area, the entire sum of jobs in all of the industries has increased by 558 total jobs between the 2nd Quarter of 2005 and 2nd Quarter of 2006.

Total One-Year Employment Growth in the Waterloo-Cedar Falls Metro Area

Of the industries (4-digit NAICS) in the area, the Full-service restaurants industry has added the most employment with 217 total jobs brought in during the period. The growth in the Full-service restaurants industry makes up 23.3 percent of the total employment growth in Waterloo-Cedar Falls.

Top 5 Industries
1. Full-service restaurants (217 new jobs)
2. Grocery and Related Product Wholesalers (99 new jobs)
3. Gasoline stations (54 new jobs)
4. Utility system construction (48 new jobs)
5. Child day care services (48 new jobs)

Of the 70 4-digit NAICS industries, 33 showed an escalation in the number employed, while 36 industries reported a drop in employment.

Total One-Year Employment Decline in the Waterloo-Cedar Falls Metro Area

Given the industries in the area, the Limited-service eating places industry has lost the most employment with a total loss of 169 jobs during the time period. The jobs lost in the Limited-service eating places industry make up 20.6 percent of the total job loss in Waterloo-Cedar Falls, IA.

Top 5 Industries
1. Limited-service eating places (169 jobs lost)
2. Specialty food stores (81 jobs lost)
3. Home health care services (57 jobs lost)
4. Traveler accommodation (53 jobs lost)
5. Hardware and plumbing merchant wholesalers (52 jobs lost)

The total number of jobs has increased by 0.8 percent since the 2nd Quarter of 2005. This is less than percent in Iowa, which experienced a gain of 1.8 percent from the 2nd Quarter of 2005. The gains the area experienced were less than than the gain experienced overall in the US of 2 percent.

The Waterloo-Cedar Falls Metro Area: One-Year Percentage Growth in Employment

The Utility system construction industry has seen the largest percentage job growth, expanding by 66.4 percent from 2005 (2nd quarter) to 2006 (2nd quarter). This industry sector in Waterloo-Cedar Falls has grow faster than the industry has grown in the State of Iowa, where it saw a gain of 0.3 percent. The Utility system construction industry in Waterloo-Cedar Falls outpaced the national average, which felt a gained 7.4 percent.

Top 5 Industries
1. Utility system construction (66.4 percent gain)
2. Shoe stores (44.2 percent gain)
3. Grocery and Related Product Wholesalers (24.4 percent gain)
4. Museums, historical sites, zoos, and parks (22.9 percent gain)
5. Computer systems design and related services (22.0 percent gain)

The Waterloo-Cedar Falls Metro Area: One-Year Percentage Decline in Employment

The Specialty food stores industry has lost the largest percent of jobs, losing 36.2 percent from 2005 (2nd Quarter) to 2006 (2nd Quarter). These losses have declined faster than the industry has experienced in the State of Iowa, where the industry felt a loss of 5.8 percent. The losses in the Specialty food stores industry in Waterloo-Cedar Falls outpaced the United States in terms of percentage decline of industry employment. In this period, the United States lost 2 in percent of workers in the Specialty food stores industry.

Top 5 Industries
1. Specialty food stores (36.2 percent decline)
2. Other heavy construction (29.8 percent decline)
3. Automotive equipment rental and leasing (26 percent decline)
4. Private households (20.9 percent decline)
5. Hardware and plumbing merchant wholesalers (20.4 percent decline)

About: This report is part 1 of 6 in the eCanned.com Industry Analysis Series.

Datasource: U.S. Department of Labor. Bureau of Labor Statistics. Quarterly Census of Employment and Wages (QCEW). Private Sector Employment Only.

Income and Poverty in Waterloo-Cedar Falls, IA

2007-01-11T18:58:00.000-08:00

When compared to other Metro Areas across the United States, the Waterloo-Cedar Falls metro area can be considered to have a medium-high rate of poverty among its population, accounting a rate of 13.1 percent of the individuals existing in families with incomes under the poverty level in 1999. The Black or African American race/ethnicity demographic group, represents the largest rate of poverty with 35.9 percent of the population in 2000 living in poverty. Individuals aged 5 years are witness to the most percent living in poverty in Waterloo-Cedar Falls, reporting 20.5 percent of this demographic group living with incomes under poverty.

The poverty rate in the Waterloo-Cedar Falls, IA Metro has increased by 0.2 percent from the rates reported in the Decennial Census, moving from 13.1 percent to 13.3 percent.

The median household income has declined from the inflation-adjusted values in 2000. The income level has decreased to $41,194, which amounts to a 5.5 percent decline. The Waterloo-Cedar Falls, IA MSA, in terms of percent of decline, ranks 4 of 7 metro area in percent of decline for income levels in the State of Iowa. Waterloo-Cedar Falls ranks 170 of 233 metro area in terms of the decline in median household income in the United States.

Compared to other MSAs throughout the nation, the Waterloo-Cedar Falls metro area was reported to have a medium-low median household income of $43,601 (Adjusted to 2005 Dollars). This figure is 5.9 percent lower than the median in State of Iowa of $46,179 and the median is 12.7 percent lower than the median household income in the United States of $49,133.

In Waterloo-Cedar Falls, IA White headed households reported household income (in 2005 Dollars) of $45,325 according to the 2000 Dencennial Census, which was 4 percent greater than the median household income in 2000. Hispanic headed households in Waterloo-Cedar Falls, IA , according to the 2000 census, had a median household income of $37,999, this median household income is 12.8 percent less than reported value of the areas total household median income for all households. The Asian householders in the area have reported their median household incomes at $55,575. This income level is 27.5 percent greater than the reported median household income for all households in the area. Black or African American headed households had median income levels that were 44.5 percent less than the overall reported level in 2000, with a reported median of $24,218. The households that were headed by an American Indian and Alaska Native individual in Waterloo-Cedar Falls reported an income level of $35,263, which was 19.1 percent less than the median income level in this area.

As the median household income witnessed a decline from 2000 to 2005 in the Waterloo-Cedar Falls, IA metro area, the Race/Ethnicity category that saw the sharpest decline in median household income was the American Indian and Alaska Native Race/Ethnicity category. This group experienced a decline of 2752892.7 percent since 2000. The Hispanic Race/Ethnicity category has been least effected by the income level decline in Waterloo-Cedar Falls, seeing a 45.9 percent decline in household income level, since the year 2005.

Datasource: U.S. Bureau of the Census. 2000 Decennial Census. 2005 American Community Survey.

Higher Education in the Waterloo-Cedar Falls, IA Metro Area

2006-12-19T23:13:00.000-08:00

In the Waterloo-Cedar Falls, IA Metro Area as reported in the 2005 American Community Survey, 24.4 percent of the White Alone, 9.4 percent of Black or African American, . percent of the Asian alone and . percent of the Hispanic or Latino population (over 25) has obtained a Bachelors Degree or Higher.

From the years 2000 to 2005, the proportion of the male population that could be considered highly educated has increased by 1.4 percent. As reported in 2005, 24.4 percent of area's male population, over the age 25, achieved a Bachelors Degree or Higher. At the same time, the percent of women, over the age 25, holding at least a Bachelors Degree has increased by a total of 1.2 percent. By the year 2005, a total of 23.8 percent of the female population having received at least a Bachelors Degree.

Waterloo-Cedar Falls, IA Metro Area is made up of a moderately-educated 2005 population, with 24 percent of the over 25 years old population having a Bachelors Degree or Higher, according to the 2005 American Community Survey. The Waterloo-Cedar Falls MSA was reported to have a higher percent of highly educated individuals than the State of Iowa's proportion of 23.8 percent and a lower percent than the average across the nation of 27.2 percent.

From 2000, the Waterloo-Cedar Falls metro area has increased in the population percent with a Bachelors of Higher. This population percent has grown by 1.0 percent to a total of 24 percent in 2005, according to the American Community Survey. The 2005 proportion of highly educated population is greater than the State of Iowa percent of 23.8 and less than the national percent of 27.2.

Reported by the 2005 American Community Survey in the Waterloo-Cedar Falls, IA Metro Area, the largest educational attainment category for men is the High School Diploma category, with 36.8 percent achieving this level. The female population in the Waterloo-Cedar Falls metro area have attainment on average a lower level of higher education (Bachelors or Higher) than the men in the area: 24.4 percent (Men) versus 23.8 percent (Women). The most common level of education for women in the area is High School Diploma category, with 34.2 percent of the female population achieving this education level.

Datasource: U.S. Bureau of the Census. 2000 Decennial Census. 2005 American Community Survey.

Demographic Profile for Waterloo-Cedar Falls, IA

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When measuring the total land area, the Waterloo-Cedar Falls metro area spans a total of 1508 square miles. The land areas has a medium-low average area density of 107 persons per square mile, in 2005. Similar metro areas, in terms of density, in the US include: -- more densely populated -- Salt Lake City (108 per sq. mile ), Rochester (109 per sq. mile ), Champaign-Urbana (112 per sq. mile ), -- less densely populated -- Lawton (105 per sq. mile ), Fort Collins-Loveland (105 per sq. mile ), St Cloud (103 per sq. mile ).

In 2005, the Census Bureau estimated the median age in the Waterloo-Cedar Falls metro area to be 36.9 years old. The median in Waterloo-Cedar Falls is less than the median in Iowa of 38.6. From 2000, the area has seen an increase in this median, when at that time it was 34.4 years old. With a total of 20.6 percent of the 2005 population being made up of children and youth younger than 18, Waterloo-Cedar Falls can be understood as being made up of a medium-low percent of individuals under 18. The working age population group (18-64) has a medium-high presence of the 2005 population base, with 64.5 percent of the population falling in this age category. The retirement (65 and over) group makes up 14.9 percent of the population. When compared to other metro areas in the United States, this represents a medium-low proportion of the area population base.

The Waterloo-Cedar Falls metropolitan statistical area (MSA) has a population that is comprised of 89.7 percent White, 6.1 percent African American, 1 percent Asian, and 2.1 percent Hispanic. This area can be considered to have a modest level of diversity, with 9.2 percent of the population made up of minorities. This is greater than the State of Iowa percent of 7.3. Since 2000, Waterloo-Cedar Falls has increased the percent of minority makeup when 8.7 percent of the total population were minorities.

Estimated since the year 2000, a high amount of people migrated into the Waterloo-Cedar Falls metro area, with 2,241 people migrating in internationally. The international migration into Waterloo-Cedar Falls makes up 7.6 percent of immigration into the State of Iowa. This percent of immigration can be considered high when compared to international migration per 2005 population.

The Waterloo-Cedar Falls metro area had a total estimated population of 161,897 for the year 2005. The total population has decreased, since its 2000 population of 163,579. The decline denotes a decrease of -1 percent. Waterloo-Cedar Falls ranks 8 of 8 MSAs in terms of population growth in Iowa and the metro area ranks 329 of 361 metro areas by growth in MSA population in the United States.

Datasource: Population Estimates Program, U.S. Bureau of the Census.

Housing Report for Waterloo-Cedar Falls

2006-11-11T17:43:00.000-08:00

Throughout the State of Iowa, Waterloo-Cedar Falls is positioned 6 of the 8 metro areas in terms of percentage growth in new housing structures. The metropolitan statistical area (msa) ranks 249 of 361, comparing the percentage change in residential real estate in other US MSAs.

Waterloo-Cedar Falls recorded a median home value in 2005 of $102,600, reported by the American Community Survey. This home value is less than the Iowa 2005 home value of $106,600 and less than median home value of $167,500 for the rest of the nation in that year.

The owner-occupied dwellings in Waterloo-Cedar Falls, Iowa have seen large increases since the Census values accounted for in the year 2000. The values have increased by $25,600, or 33.2 percent, since 2000 when their medians were valued at $77,000.

It can be understood that there is a large amount of real estate that is affordable in Waterloo-Cedar Falls, Iowa. In 2005, 64.5 percent of owner-occupied dwellings were valued under $125k.

Waterloo-Cedar Falls has a small, but present percentage of homes that are high in price. For 2005, the American Community Survey reported that 0.7 percent of the areas residential property was valued over $500k.

In Waterloo-Cedar Falls, the U.S. Census Bureau, Population Division accounted for a total of 69,442 homes in 2005. The metro area has experienced a medium level of growth in the number housing units, adding in all 2,489 housing units since the year 2001, or 3.7 percent.

Data Source: U.S. Census Bureau

Employment Report for Waterloo, Iowa -- Annual 2005 Industry Summary

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Arts, entertainment, and recreation from 2001-2005 had the highest increase in employment in Waterloo, with an industry growth of 28.4 percent. This is greater than the industry employment change in the United States of 4.7 percent. The State of Iowa had changed in sector employment of -2.5 percent, since the year 2001.

Manufacturing since the year 2001 lost the most jobs in the Waterloo Metro Area. The industry lost a total of 764 jobs, or 4.5 percent of industry's employment. The industry declines made up 43.6 percent of the total loss in employment during the period.

In Waterloo, Manufacturing, Health care and social assistance, and the Retail Trade sectors are the largest industries, in terms of total number of jobs in 2005. The Manufacturing produces the largest number of jobs in the area accounting for 22.6 percent of all jobs throughout the region, totaling 16,200 employees. The Health care and social assistance and Retail Trade industries total 15.2 and 14.8 percent of total employment, respectively.

Manufacturing has the largest businesses in Waterloo MSA, with the industry averaging 67 jobs per establishment, which is greater than the industry's national average of 39 and greater than the State of Iowa average of 54 for the Manufacturing industry.

An industry with high wages in Waterloo is the manufacturing industry with wages that annually pay $48,759. Throughout the MSA since the year 2001, the industry annual average wages have grown by 19.6 percent or $8,008. The State of Iowa shows a similar job market in the manufacturing industry, falling near the top of sectors according to average 2004 industry pay.

In Waterloo, Manufacturing, Health care and social assistance and Finance and insurance are the three industries with the highest location quotients. The Manufacturing sector has a United State LQ of 1.76. In other words, the percent of total jobs in the Manufacturing sector is 1.76 times the percent of the national average, This signifies that Waterloo specializes in Manufacturing.

The Waterloo-Cedar Falls Metropolitain Area is ranked number 198 of 363 throughout the US in terms of total 2005 employment. The regions employment ranking has slipped behind during the time of 2001 and 2005. The Metropolitan Area, in the year 2001, was ranked 197 of 363 Counties.

Datasource: U.S. Department of Labor. Bureau of Labor Statistics. Quarterly Census of Employment and Wages (QCEW).