Cost of Living in Cedar Falls, IA
Population: 40,662 • 2026 Data
$74,165
Median Household Income
-4% vs national
$1,177
Median Monthly Rent
-13% vs national
$252,500
Median Home Value
-26% vs national
3.2%
Unemployment Rate
Housing in Cedar Falls
The median home value in Cedar Falls, IA is $252,500. Monthly rent for a typical unit averages $1,177, while total monthly housing costs (including utilities and insurance) average $1,233.
Rent-to-income ratio: 19.0%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Cedar Falls, IA is $74,165. The unemployment rate stands at 3.2%, with a labor force of 23,307 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.