Cost of Living: Albuquerque, NM vs Cedar Rapids, IA (2026)

Albuquerque

New Mexico

Cedar Rapids

Iowa

Albuquerque is 15% more expensive than Cedar Rapids.

$1,085/mo ↑ 17%

Median Rent

$925/mo ↓ 15%

$65,604/yr ↓ 3%

Median Income

$67,859/yr ↑ 3%

$266,700 ↑ 51%

Home Value

$177,100 ↓ 34%

$1,149/mo ↑ 6%

Owner Costs

$1,084/mo ↓ 6%

562,488

Population

136,859

Tax Comparison

5.9%

Income Tax

5.7%

5.0%

Sales Tax

6.0%

0.67%

Property Tax

1.57%

Affordability

19.8%

rent-to-income

Affordability

16.4%

rent-to-income

Detailed Comparison

When comparing Albuquerque, NM and Cedar Rapids, IA, the overall cost of living indices are 80 and 65 respectively (national median = 100). Rent is $160/month cheaper in Cedar Rapids, saving renters about $1,920/year.

Median household income is $2,255/year higher in Cedar Rapids. Home values also differ significantly — the median in Albuquerque is $266,700 compared to $177,100 in Cedar Rapids.

Iowa has a lower income tax rate, making Cedar Rapids slightly more tax-friendly.

Frequently Asked Questions

Albuquerque vs Cedar Rapids — common questions

Is Albuquerque or Cedar Rapids cheaper to live in?

Based on our cost index, Cedar Rapids is cheaper to live in with an index of 65 compared to 80 (US average = 100).

What is the rent difference between Albuquerque and Cedar Rapids?

Median rent in Albuquerque is $1,085/month and in Cedar Rapids it's $925/month — a difference of $160/month.

Which city has higher income, Albuquerque or Cedar Rapids?

Median household income is $65,604 in Albuquerque and $67,859 in Cedar Rapids. Median household income is $2,255/year higher in Cedar Rapids.

How do taxes compare between New Mexico and Iowa?

New Mexico has 5.9% income tax, 5.0% sales tax, and 0.67% property tax. Iowa has 5.7% income tax, 6.0% sales tax, and 1.57% property tax.

Should I move to Albuquerque or Cedar Rapids?

It depends on your priorities. Albuquerque has a cost index of 80 with median rent of $1,085/mo, while Cedar Rapids has a cost index of 65 with rent of $925/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.