Cost of Living in Cedar Rapids, IA
Population: 136,859 • 2026 Data
$67,859
Median Household Income
-12% vs national
$925
Median Monthly Rent
-31% vs national
$177,100
Median Home Value
-48% vs national
3.9%
Unemployment Rate
Housing in Cedar Rapids
The median home value in Cedar Rapids, IA is $177,100. Monthly rent for a typical unit averages $925, while total monthly housing costs (including utilities and insurance) average $1,084.
Rent-to-income ratio: 16.4%. 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 Rapids, IA is $67,859. The unemployment rate stands at 3.9%, with a labor force of 76,093 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.