The cost of living in Cedar Rapids, IA (zip code 52411) is very attractive compared to other places in the US. The average 2 bedroom rent in Cedar Rapids is only $1,150, which is significantly less than the US average of $1,430. Additionally, grocery costs are also lower as the Grocery Cost Index is 103 compared to 100 for the US as a whole.
Cedar Rapids is a great place to both live and work with many local companies such as Rockwell Collins, Mercy Medical Center Cedar Rapids, Transamerica Financial Advisors Inc., University of Iowa Health Care-Cedar Rapids, and TrueNorth Companies offering fantastic opportunities. There are also plenty of recreational activities available such as All Play Fun Park and Great Fang Escape Rooms offering unique entertainment experiences. With its relatively low cost of living and abundance of employment opportunities it’s no wonder Cedar Rapids is becoming an increasingly popular destination for those looking to move or relocate.
Cedar Rapids (zip 52411) has an unemployment rate of 5.9%. The US average is 6.0%.
Cedar Rapids (zip 52411) 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 52411)
- The Sales Tax Rate for Cedar Rapids (zip 52411) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Cedar Rapids (zip 52411) 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 52411)
- The average income of a Cedar Rapids (zip 52411) resident is $76,473 a year. The US average is $37,638 a year.
- The Median household income of a Cedar Rapids (zip 52411) resident is $149,612 a year. The US average is $69,021 a year.