Wage Benchmark Overview
Median Annual Salary
$42,400$20.38 per hour · $3,533 monthlyRun the numbers on your own pay
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Take-Home Pay Explorer
Light Truck Drivers Wage Percentiles in Waterloo-Cedar Falls, IA
Official survey estimates from the U.S. Bureau of Labor Statistics (BLS). Full-time calculations assume standard 2,080 annual working hours.
| Earning Tier | Hourly Wage | Monthly Gross | Annual Gross | Est. Annual Net (IA) |
|---|---|---|---|---|
| 10th Percentile | $14.13/hr | $2,450 | $29,400 | $25,338 |
| 25th Percentile | $17.69/hr | $3,067 | $36,800 | $31,002 |
| Median (50th Percentile)Metro Benchmark | $20.38/hr | $3,533 | $42,400 | $35,289 |
| 75th Percentile | $22.64/hr | $3,925 | $47,100 | $38,887 |
| 90th Percentile | $44.09/hr | $7,642 | $91,700 | $70,508 |
Cost of Living & Purchasing Power in Waterloo-Cedar Falls, IA
A dollar does not buy the same basket of goods everywhere. Compare how $$42,400 measures up against local economic conditions:
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Compare light truck drivers salaries statewide and examine overall earnings in Iowa:
Frequently Asked Questions About Light Truck Drivers Pay in Waterloo-Cedar Falls, IA
What is the median salary for light truck drivers in Waterloo-Cedar Falls, IA?
The official BLS median annual wage for light truck drivers in Waterloo-Cedar Falls, IA is $42,400, which equates to approximately $3,533 per month or $20.38 per hour for a 2,080-hour work year.
What is the hourly pay for light truck drivers in Waterloo-Cedar Falls, IA?
The median hourly wage for light truck drivers in Waterloo-Cedar Falls, IA is $20.38 per hour based on the BLS survey. One in ten earned less than $14.13/hour and one in ten earned more than $44.09/hour.
What is the pay range for light truck drivers in Waterloo-Cedar Falls, IA?
BLS wage estimates for light truck drivers in Waterloo-Cedar Falls, IA span from $29,400 at the 10th percentile to $36,800 at the 25th, $47,100 at the 75th, and $91,700 at the 90th. These are wage distribution points, not experience levels.
How much do light truck drivers take home after taxes in Waterloo-Cedar Falls, IA?
On a median gross salary of $42,400, an estimated $35,289 lands in net take-home pay per year ($1,357 biweekly) for a single filer claiming the standard deduction in Iowa in 2026. Total tax withholding equals $7,111 (an effective rate of 16.8%).
How much do light truck drivers make per month in Waterloo-Cedar Falls, IA?
On the median annual salary of $42,400, gross monthly income is $3,533. After federal, FICA, and Iowa state income taxes, estimated net take-home pay is $2,941 per month (or $1,357 every two weeks).
Is $42,400 a good salary in Waterloo-Cedar Falls, IA?
At $42,400, the median salary for light truck drivers is 59.9% of the Waterloo-Cedar Falls, IA median household income ($70,811). According to the U.S. Bureau of Economic Analysis (BEA), the metropolitan price parity index is 87.1, making regional consumer goods and services 12.9% cheaper than the U.S. average.