Cost of Living in Cedar Rapids, Iowa
In Cedar Rapids, the median household income is $70,424 and the median gross rent is $967/mo, with a median home value of $187,100. Source: Census Bureau ACS, 2020-2024 estimates.
- Median household income
- $70,424
- Median gross rent
- $967/mo
- Median home value
- $187,100
- Population
- 137,264
How Cedar Rapids compares to the Iowa average
| Measure | Cedar Rapids, IA | Iowa statewide | Difference |
|---|---|---|---|
| Median household income | $70,424 | $75,059 | -6.2% |
| Median gross rent (monthly) | $967 | $972 | -0.5% |
| Median home value | $187,100 | $208,000 | -10.0% |
Statewide, Iowa prices average 87.8 on the BEA Regional Price Parity index (2024), where the U.S. average is 100.
Housing affordability in Cedar Rapids
- Salary needed for median rent
- $38,680
- Rent burden at median income
- 16.5%
- Est. affordable home price
- $256,902
So that $967/mo is 30% of gross income
Share of the median household income spent on median rent (30%+ = cost-burdened)
At median income, 6.67% 30-yr rate (FRED, 2026-08), 20% down, 28% front-end DTI
The median home value in Cedar Rapids is $187,100 — within what the median household income supports under these assumptions.
Estimates from documented formulas — see methodology. Not financial advice.
Cost of living in other Iowa cities
About this data
- American Community Survey 5-Year Estimates — data period 2020-2024, retrieved August 13, 2026.
- Regional Price Parities — data period 2024, retrieved August 13, 2026.
- Federal Reserve Economic Data — data period 2026-08, retrieved August 13, 2026.
Figures are shown exactly as published by the source or derived by the documented formulas on our methodology page. Where a source suppresses an estimate, we show “—” rather than a substitute value.