Cost of Living,
Cedar Rapids's Real Estate Market
Cedar Rapids Metro Area
Profile: Small city Location: East-central Iowa, along Cedar River Elevation: 594 Time zone: Central Standard Time
|Arts and culture||Entertainment|
|Attractive downtown||Recent job weakness|
|Cost of living||Harsh winters|
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Cedar Rapids is a typically Midwestern agricultural and industrial center, the center of which is built on an island at the “rapids” of the Cedar River. Downtown is modern in appearance, with attractive parks and waterfront areas. Arts and culture amenities are better than average for a small city, with a symphony and an art museum that holds the largest collection of works by native son Grant Wood. There are a couple of small colleges in town and some minor league sports.
The Czech Village provides an interesting slice of cultural diversity. Nightlife and entertainment are somewhat lacking, but can be found in abundance in Iowa City 20 miles south. Some preferring the smaller rural town life and lower costs live here and work in that more prosperous city. The economy is supported by large agricultural producers (ADM, Quaker Oats and Cargill among others) but also a handful of insurance firms, electrical equipment manufacturer Square D, and an assortment of high tech firms along a corridor leading south towards Iowa City. The industrial presence is strong but the recent employment picture is fairly weak. Overall cost of living is attractive.
The area around Cedar Rapids is mainly agricultural, with areas of wooded hills to the south. The climate is humid continental with four distinct seasons and wide variations in temperature and precipitation. Summers are warm and fairly humid, with showers and thundershowers. Most precipitation falls during the summer months. Winters are cold and dry with brief snowstorms and occasional periods of extreme cold. First freeze is early October, last is late April.
Interesting Facts about Cedar_Rapids, Iowa
As of 2014, Cedar Rapids's population is 126,921 people. Since 2000, it has had a population growth of 4.48 percent.--------------------
The median home cost in Cedar Rapids is $119,300. Home appreciation the last year has been 0.50 percent.--------------------
Compared to the rest of the country, Cedar Rapids's cost of living is 10.80% Lower than the U.S. average.--------------------
Cedar Rapids public schools spend $13,323 per student. The average school expenditure in the U.S. is $12,435. There are about 15.3 students per teacher in Cedar Rapids.--------------------
The unemployment rate in Cedar Rapids is 4.20 percent(U.S. avg. is 6.30%). Recent job growth is Positive. Cedar Rapids jobs have Increased by 1.40 percent.
Ranked #18 Most Secure Places to Live in the U.S. (Mid-Size Metro Areas)
Ranked #65 America's Best and Worst Cities for Crime (Smallest Metro Areas)
Ranked #84 Best Green Cities
Ranked #87 America's Most (and Least) Stressful Cities (117 Smallest Metro Areas)
Ranked #207 2005 Best Places to Live
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Average Commute time is 17 minutes. The National Average is 25 minutes.--------------------
Cedar Rapids's Real Estate Market (click to see properties)
• Newly Listed Homes
• Most Expensive Listing
• Million Dollar Houses
• Homes from $750,001 to $1,000,000
• Homes from $500,001 to $750,000
• Homes from $250,000 to $500,000
• Homes under $250,000
• Median Priced Homes