Cedar Rapids, NE is a small city in the Midwest that is known for its affordability. The average 2 bedroom rent of $800 per month in Cedar Rapids makes it an attractive destination for those looking for an affordable alternative to other cities. With a Grocery Cost Index of 92 compared to 100 on average in the US, Cedar Rapids offers additional savings when it comes to groceries.
Cedar Rapids NE is home to several businesses including Rockwell Collins, Transamerica, and Kinze Manufacturing. In addition to local businesses, the city hosts many entertainment options such as theatre performances at Theatre Cedar Rapids, golf at Ellis Golf Course, and many more activities at the local Usher’s Ferry Historic Village.
Cedar Rapids has an unemployment rate of 1.8%. The US average is 6.0%.
Cedar Rapids has seen the job market decrease by -0.9% over the last year. Future job growth over the next ten years is predicted to be 18.3%, which is lower than the US average of 33.5%.
Tax Rates for Cedar Rapids
- The Sales Tax Rate for Cedar Rapids is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Cedar Rapids is 6.8%. 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 $18,525 a year. The US average is $28,555 a year.
- The Median household income of a Cedar Rapids resident is $55,781 a year. The US average is $69,021 a year.