Cedar Rapids, IA (52405) is a city in the state of Iowa with a population of around 130,000 people. The 2 Bedroom Rent in Cedar Rapids is an affordable $1,020 whereas the US 2 Bedroom Rent is slightly higher at $1,430. Furthermore, the Grocery Cost Index in Cedar Rapids is 95 versus 100 in the US; a great indication of how affordable groceries are in this area.
Cedar Rapids has many local companies that contribute to its economy such as Transamerica Financial Advisors Inc., Rockwell Collins Global Services and Products Group, and Groeneveld Group LLC. In addition to these larger companies there are also numerous small businesses throughout the city that offer unique shopping experiences and services for its residents.
With affordable rent prices and grocery costs compared to the rest of the country, Cedar Rapids is definitely an attractive place to live for those looking for an affordable yet comfortable lifestyle.
Cedar Rapids (zip 52405) has an unemployment rate of 5.9%. The US average is 6.0%.
Cedar Rapids (zip 52405) 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 52405)
- The Sales Tax Rate for Cedar Rapids (zip 52405) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Cedar Rapids (zip 52405) 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 52405)
- The average income of a Cedar Rapids (zip 52405) resident is $34,181 a year. The US average is $37,638 a year.
- The Median household income of a Cedar Rapids (zip 52405) resident is $62,799 a year. The US average is $69,021 a year.