Cedar Falls, IA is a great place to live with affordable housing costs compared to other areas. The two bedroom rent in Cedar Falls is $1,060 per month versus the U.S. average of $1,430, making it a desirable location for budget-minded individuals. In addition, the grocery cost index in Cedar Falls is 98 versus 100 in the U.S., which makes purchasing groceries more cost effective than other places. \nThe city also offers many local companies and attractions to its residents. Popular employers include Kraft Heinz Company, University of Northern Iowa, Heartland Financial USA and Orchard Place. Culture lovers can immerse themselves in art galleries such as Hearst Center for the Arts or enjoy popular outdoor activities like biking or running at George Wyth State Park. There are numerous restaurants to choose from and plenty of shopping options such as College Square Mall. With so much to offer, Cedar Falls is an attractive destination for those looking for an affordable place to live that also has plenty of entertainment opportunities.
Cedar Falls has an unemployment rate of 3.3%. The US average is 6.0%.
Cedar Falls has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 24.5%, which is lower than the US average of 33.5%.
Tax Rates for Cedar Falls
- The Sales Tax Rate for Cedar Falls is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Cedar Falls 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 Falls
- The average income of a Cedar Falls resident is $25,850 a year. The US average is $28,555 a year.
- The Median household income of a Cedar Falls resident is $66,838 a year. The US average is $69,021 a year.