Cost of Living: Waterloo, IA vs Cedar Rapids, IA
Quick rent-and-take-home comparison
Using a baseline of $70,000/yr gross, take-home is about $4,184/mo in Waterloo, IA versus $4,184/mo in Cedar Rapids, IA. In the model, rent is about 13.06% of gross in Waterloo, IA versus 13.47% in Cedar Rapids, IA, so Waterloo, IA tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Waterloo, IA and Cedar Rapids, IA.
At a glance
- Cheaper overall (lower cost-of-living index): Cedar Rapids, IA
- Lower rent (median 1BR/2BR): Waterloo, IA
- Lower home prices: Waterloo, IA
- Higher median household income: Cedar Rapids, IA
Cost of Living Index
Waterloo, IA: 100 (U.S. = 100) · Cedar Rapids, IA: 100 (U.S. = 100)
Both cities have the same cost-of-living index (U.S. average = 100).
Median Rent
Waterloo, IA: $852/mo (midpoint of 1BR/2BR) · Cedar Rapids, IA: $879/mo
Median rent in Cedar Rapids, IA is $27/mo higher than in Waterloo, IA.
Median Home Price
Waterloo, IA: $150,200 · Cedar Rapids, IA: $177,100
Median home price in Cedar Rapids, IA is $26,900 higher than in Waterloo, IA.
Median Household Income
Waterloo, IA: $56,344 · Cedar Rapids, IA: $67,859
Cedar Rapids, IA has a higher median household income than Waterloo, IA by $11,515.
Waterloo, IA overview · Cedar Rapids, IA overview · Popular comparisons