Cedar Rapids, IA — income, home value, property tax, and sales tax.
In ZIP code 52402, which covers part of Cedar Rapids, households earn a median of $73,439 a year, while per-capita income comes to $42,328. That earnings base meets a housing market where the median home value is $194,000, and county property taxes run at an effective 1.66%, or roughly $3,220 annually on a home at that value. Add a combined sales tax of 7.00% on purchases, and the shape of a local budget becomes clear: steady wages cover housing costs, with sales tax applying to everyday spending.
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