The cost of living in 52404 Cedar Rapids, IA is slightly lower than the US average. Specifically, the 2 bedroom rent in this area is $960, compared to the national average of $1,430. The grocery cost index for this area is also lower than the index for the entire US, sitting at 94 versus 100. This makes Cedar Rapids an attractive place to live and work for those looking to save money. Furthermore, Cedar Rapids has a thriving economy with large companies such as Rockwell Collins Aerospace and Clipper Windpower located within city limits. Smaller local businesses such as NewBo City Market and Great America Popcorn are mainstays in downtown Cedar Rapids as well.
Cedar Rapids (zip 52404) has an unemployment rate of 5.9%. The US average is 6.0%.
Cedar Rapids (zip 52404) has seen the job market decrease by -7.6% 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 (zip 52404)
- The Sales Tax Rate for Cedar Rapids (zip 52404) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Cedar Rapids (zip 52404) 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 (zip 52404)
- The average income of a Cedar Rapids (zip 52404) resident is $30,966 a year. The US average is $37,638 a year.
- The Median household income of a Cedar Rapids (zip 52404) resident is $59,041 a year. The US average is $69,021 a year.