Cedar Rapids, IA — income, home value, property tax, and sales tax.
Households in ZIP code 52202, near Cedar Rapids, report a median income of $105,362, which works out to $44,977 per person. With a median home value of $246,300, property taxes at the county's 1.66% rate would run roughly $4,089 a year, a meaningful line item against that income. Day-to-day purchases carry a combined sales tax of 7.00%, so spending in the area adds up gradually. Even so, earnings here sit well above what many parts of Iowa see, giving households room to cover housing costs, absorb the sales tax, and still direct money toward savings or other priorities.
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