Cost of Living in Cedar Rapids, IA
Population 137,264 · Census ACS 2020–2024 5-year estimates
The median rent in Cedar Rapids, IA is $967/month, about the same as the Iowa median and 32% lower than the U.S. median. The median home value is $187,100, 44% lower than the national median. Households earn a median of $70,424 a year, 6% lower than the state median.
Affordability
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Cedar Rapids vs. Iowa vs. U.S.
| Cedar Rapids | Iowa | U.S. | |
|---|---|---|---|
| Median rent | $967 | $972 | $1,413 |
| Median home value | $187,100 | $208,000 | $332,700 |
| Median household income | $70,424 | $75,059 | $80,734 |
| Homeownership rate | 68.5% | 71.7% | 65.2% |
| Bachelor's degree or higher | 33.1% | 31.4% | 35.7% |
| Poverty rate | 10.8% | 11.1% | 12.5% |
| Unemployment rate | 3.6% | 3.6% | 5.2% |
| Work from home | 12.9% | 11.3% | 15.1% |
| Median age | 37.3 | 38.6 | 38.9 |
FAQ
What is the average rent in Cedar Rapids, IA?
The median gross rent in Cedar Rapids, IA is $967 per month (ACS 2020–2024 5-year estimate).
How much do I need to earn to live in Cedar Rapids, IA?
Using the common 30% rule, renting a median-priced home takes about $38,680 a year in gross income.
Is Cedar Rapids, IA expensive to live in?
Rent there is 32% lower than the U.S. median, and the median home costs about 2.7 times the median household income.
Other cities in Iowa
Cities with a similar cost of living
Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
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