Cost of Living in Cedar Rapids, IA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
100.1
100 = national avg
+0.1 vs national average
Living Wage (1 Adult)
$44,053
per year
Living Wage (Family of 4)
$104,124
per year
Cost Index by Category
Housing103.6
Food101.9
Transportation84.5
Healthcare101.5
Utilities101.8
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$816
per month
2 Bedroom
$1,071
per month
The overall cost of living index in Cedar Rapids is 100.1, which is 0.1% above the national average. Housing costs are above the national average at an index of 103.6. A single adult needs to earn approximately $44,053 per year to cover basic expenses.