Cost of Living: Minneapolis, MN vs Cedar Rapids, IA (2026)

Minneapolis

Minnesota
102
VS

Cedar Rapids

Iowa
65

Minneapolis is 57% more expensive than Cedar Rapids.

$1,329/mo ↑ 44%
Median Rent
$925/mo ↓ 30%
$80,269/yr ↑ 18%
Median Income
$67,859/yr ↓ 15%
$345,600 ↑ 95%
Home Value
$177,100 ↓ 49%
$1,513/mo ↑ 40%
Owner Costs
$1,084/mo ↓ 28%
426,845
Population
136,859

Tax Comparison

9.85%
Income Tax
5.7%
6.875%
State Sales Tax
6.0%
1.11%
Property Tax
1.57%

Affordability

19.9%
rent-to-income
Affordability
16.4%
rent-to-income

Detailed Comparison

When comparing Minneapolis, MN and Cedar Rapids, IA, the overall cost of living indices are 102 and 65 respectively (national median = 100). Rent is $404/month cheaper in Cedar Rapids, saving renters about $4,848/year.

Median household income is $12,410/year higher in Minneapolis. Home values also differ significantly — the median in Minneapolis is $345,600 compared to $177,100 in Cedar Rapids.

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

Frequently Asked Questions

Minneapolis vs Cedar Rapids — common questions

Is Minneapolis 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 102 (US average = 100).
What is the rent difference between Minneapolis and Cedar Rapids?
Median rent in Minneapolis is $1,329/month and in Cedar Rapids it's $925/month — a difference of $404/month.
Which city has higher income, Minneapolis or Cedar Rapids?
Median household income is $80,269 in Minneapolis and $67,859 in Cedar Rapids. Median household income is $12,410/year higher in Minneapolis.
How do taxes compare between Minnesota and Iowa?
Minnesota has 9.85% income tax, 6.875% sales tax, and 1.11% property tax. Iowa has 5.7% income tax, 6.0% sales tax, and 1.57% property tax.
Should I move to Minneapolis or Cedar Rapids?
It depends on your priorities. Minneapolis has a cost index of 102 with median rent of $1,329/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.
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