Living here
Cost of living in Cedar Rapids
Housing is cheaper than the US average. Rents, home prices, taxes and how far a paycheck goes.
Median rent
$925/mo
31% below US
Median home value
$177,100
42% below US
Median household income
$67,859
14% below US
Rent as share of income
16%
US 21%
Home price to income
2.6×
US 3.9×
Sales tax
7%
Rent by number of bedrooms
HUD 2027 fair market rents for Cedar Rapids, IA HUD Metro FMR Area (gross rent including utilities, near the 40th percentile of local rents). Source: HUD USER.
How Cedar Rapids compares
- Cedar Rapids$925
- Iowa$949
- United States$1,348
- Des Moines$1,054
- Cedar Rapids$177,100
- Iowa$195,900
- United States$303,400
- Des Moines$183,700
Taxes
Questions
Is Cedar Rapids expensive to live in?
Housing in Cedar Rapids is cheaper than the national average: median rent is $925 (31% below US) and the median home value is $177,100 (42% below US).
How much is rent in Cedar Rapids?
The median gross rent is $925 a month. HUD’s 2027 fair market rents for the area are studio $734, 1 bedroom $806, 2 bedrooms $1,054, 3 bedrooms $1,459, 4 bedrooms $1,762.
How much of their income do renters spend in Cedar Rapids?
At the median, a year’s rent ($11,100) equals about 16% of the median household income ($67,859); nationally it’s about 21%.
What are taxes like in Cedar Rapids?
Sales tax is 7% and property taxes run about 1.71% of home value a year.
Sources: U.S. Census Bureau, American Community Survey 2019–2023 5-year estimates; HUD fair market rents; Iowa DOR Local Option Rates and Sunsets ('Status of All Juris Jul1, 2026', updated 06/18/2026).