Cedar Rapids, Iowa (52401) is an ideal place to live with its low cost of living and abundance of local businesses. The average rent for a two-bedroom apartment in Cedar Rapids is $840 compared to the US average of $1,430 making it an affordable option for many. The grocery cost index is also significantly lower in Cedar Rapids at 93 compared to the national average of 100. Some popular local businesses offering employment opportunities include Rockwell Collins, Collins Aerospace Systems, Transamerica Financial Advisors Inc., and ImOn Communications. In Cedar Rapids, residents get to enjoy all the amenities while spending less on basic costs such as housing and groceries.
Cedar Rapids (zip 52401) has an unemployment rate of 5.9%. The US average is 6.0%.
Cedar Rapids (zip 52401) 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 (zip 52401)
- The Sales Tax Rate for Cedar Rapids (zip 52401) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Cedar Rapids (zip 52401) 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 52401)
- The average income of a Cedar Rapids (zip 52401) resident is $19,086 a year. The US average is $28,555 a year.
- The Median household income of a Cedar Rapids (zip 52401) resident is $40,896 a year. The US average is $69,021 a year.