Housing costs in Cedar Rapids?
A typical home costs
$205,700, which is 39.2% less expensive than the national average of
$338,100 and 5.5% more expensive than the average Iowa home, at
$194,900. Renting a two-bedroom unit in Cedar Rapids costs
$900 per month, which is 37.1% cheaper than the national average of
$1,430 and 3.3% cheaper than the state average of
$930.
Can I afford Cedar Rapids?
To live comfortably in Cedar Rapids I Metro Area, Iowa, a minimum annual income of
$39,240 for a family, and
$27,200 for a single person is recommended.
What does A.I. say about Cedar Rapids?
Cedar Rapids, IA Metro Area has an 81.9 Cost of Living index rating, which is 20.1 points lower than the US average. This means that living expenses are generally more affordable in Cedar Rapids than most other places in the US. This may be particularly attractive to those looking for a lower cost of living while still having access to amenities like employment opportunities and cultural attractions. The median house value in Cedar Rapids is $205700, which is significantly lower than the US average house value of $338,100. This indicates that homeownership could be more accessible and affordable in Cedar Rapids as opposed to other areas across the US.