Calculate using real Cedar Rapids data. Median home price: $185,000. Property tax rate: 1.6%.
Cedar Rapids, IA has a cost of living index of 86, where 100 represents the national average. This means living in Cedar Rapids is 14% less expensive the national average.
The median household income in Cedar Rapids, IA is $60,372. Combined with a cost of living index of 86, this provides a picture of purchasing power in the area.
The median home price in Cedar Rapids, IA is $185,000 with a property tax rate of 1.6%. Monthly housing costs (mortgage + taxes + insurance) on a median-priced home would be approximately $1,332.