Cedar Rapids, Iowa Income Statistics
Cedar Rapids Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
-
B
Cedar Rapids Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Cedar Rapids | Iowa Avg | US Average |
|---|---|---|---|
| Median Household Income | $68,523 | $75,133 | $80,455 |
| Median Personal Income | $53,319 | $57,332 | $60,758 |
| Average Yearly Income Growth | 3.3% | 4.0% | 4.8% |
| Six-Figure Earners | 9.6% | 10.5% | 13.9% |
| $200k+ Households | 7.6% | 8.6% | 13.2% |
The median household income in Cedar Rapids is about 9% lower than in Iowa. Income has been growing slower in Cedar Rapids (3.3%/yr) than in Iowa (4.0%/yr).
About 10% of adults in Cedar Rapids earn six figures ($100,000 or more) a year, lower than the Iowa average of 11%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Cedar Rapids, Iowa grew by 46.8% from 2009 to 2024, reaching $68,523 in 2024. That's an average of about 3.3% per year.
Income Inequality and the Gender Pay Gap in Cedar Rapids
| Metric | Cedar Rapids | Iowa Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.505 | 0.510 | 0.552 |
| Male Median Income | $62,316 | $66,524 | $69,667 |
| Female Median Income | $48,379 | $52,524 | $56,850 |
| Gender Pay Gap | 22.4% | 21.0% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Cedar Rapids, it is 0.505, lower than Iowa's 0.510, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 29% more than women's income in Cedar Rapids, Iowa. Over a 35-year career, a 29% wage gap accumulates to roughly $487,795 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Cedar Rapids, Iowa has widened from about 20% to 22% in 2024. Over that period the gap was widest at 24% in 2023, and was narrowest at 19% in 2010. In dollar terms, the gap has widened by $5,124 since 2009.
Sharply against the trend: the pay gap in Cedar Rapids widened by 2.4 points while Iowa's narrowed by 3.3 points.
Employment
| Metric | Cedar Rapids | Iowa Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.6% | 3.6% | 5.2% |
| Working from Home | 12.5% | 11.3% | 15.0% |
| Commute time (minutes) | 15 | 16 | 22 |
Approximately 2,484 people are unemployed in Cedar Rapids, Iowa.
The average commute time in Cedar Rapids is 15 minutes, shorter than the 16 minutes in Iowa.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Cedar Rapids, Iowa has fallen from 5.7% to 3.6% in 2024. Over that period the rate peaked at 6.4% in 2013 and fell as low as 3.6% in 2018.
Conclusion
Considering all these factors, Cedar Rapids, Iowa has an overall wealth index grade of B, making it about on par with Iowa, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Cedar Rapids, Iowa.
How Rich Is Cedar Rapids, Iowa?
Cedar Rapids has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $68,523, about 9% lower than the Iowa average of $75,133.
How fast is household income rising in Cedar Rapids, Iowa?
Between 2009 and 2024, the median household income in Cedar Rapids, Iowa rose 47%, from $46,685 to $68,523. Over the same years, income here lagged behind Iowa as a whole: +47% against +56%.
What was the median household income in Cedar Rapids in 2023?
In 2023, the median household income in Cedar Rapids, Iowa was $66,060, up 1% from $65,620 in 2022. The Iowa median that year was $73,347.
What was the median household income in Cedar Rapids in 2020?
In 2020, the median household income in Cedar Rapids, Iowa was $59,189. By 2024 it had risen 16% to $68,523.
What is the Gini coefficient in Cedar Rapids, Iowa?
The Gini coefficient in Cedar Rapids is 0.505. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Cedar Rapids, Iowa?
Since 2009, the income gap between men and women in Cedar Rapids, Iowa has widened from about 20% to 22% in 2024. Over that period the gap was widest at 24% in 2023, and was narrowest at 19% in 2010. In dollar terms, the gap has widened by $5,124 since 2009.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →