Cost of Living in Cedar rapids, IA
Housing
The housing market plays a significant role in determining the cost of living in Cedar rapids, IA.
- Housing Index: 85.0 / 100
- Median Home Price is: $214,000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1280 per month
Considering a move to Cedar rapids, IA? The housing index of 85.0 indicates a moderately affordable market. With a median home price of 214000, homeownership remains within reach for many buyers. Additionally, renting a 2-bedroom apartment would cost approximately 1200, while a 2-bedroom house averages 1280. This competitive rental market, coupled with reasonable home prices, makes Cedar rapids an attractive option for families and young professionals, especially given the potential for growth and community development in the area. Consider these factors when making your decision!
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Cedar rapids, IA.
- Electricity Price: $14.82 USD (median by state)
- Natural Gas Price: $15.61 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $225 per month
Living in Cedar rapids, IA could entail higher utility costs. Electricity costs sit at $14.82, while natural gas is priced at $15.61 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $225 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Cedar rapids is a financially viable option for your relocation.