Cedar Rapids, IA is an attractive city to live in due to its affordability and local businesses. The two-bedroom rent in Cedar Rapids is $960 which is significantly lower than the US average of $1,430. The Grocery Cost Index in Cedar Rapids is 95 while the US average is 100. In Cedar Rapids there are numerous great companies such as Rockwell Collins, CRST International Incorporated, and Van Meter Incorporated that contribute to the economy and provide jobs for locals. With its low housing prices and strong business presence, Cedar Rapids can be an ideal place for those looking for a new home.
Cedar Rapids has an unemployment rate of 5.9%. The US average is 6.0%.
Cedar Rapids has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 25.1%, which is lower than the US average of 33.5%.
Tax Rates for Cedar Rapids
- The Sales Tax Rate for Cedar Rapids is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Cedar Rapids is 9.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Cedar Rapids
- The average income of a Cedar Rapids resident is $29,506 a year. The US average is $28,555 a year.
- The Median household income of a Cedar Rapids resident is $63,170 a year. The US average is $69,021 a year.