Iowa · Population 136,859 · Updated March 2026
How far your income goes in Cedar Rapids
State-level tax rates that affect your costs
Cedar Rapids is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 65 (where 100 equals the national median), Cedar Rapids residents can expect to pay median rent of $925/month while earning a median household income of $67,859/year.
The median home value in Cedar Rapids, IA is $177,100, with typical monthly owner costs around $1,084 including mortgage, insurance, and taxes. The median rent-to-income ratio of 16.4% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.
Iowa has a moderate income tax rate of 5.7%. Combined with a 6.0% sales tax rate and 1.57% effective property tax rate, the overall tax environment is a factor in the total cost of living in Cedar Rapids.
Common questions about living costs in Cedar Rapids
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