Cost of Living: Cedar Falls, IA vs New York, NY

Quick rent-and-take-home comparison

Using a baseline of $70,000/yr gross, take-home is about $4,184/mo in Cedar Falls, IA versus $4,116/mo in New York, NY. In the model, rent is about 17.14% of gross in Cedar Falls, IA versus 25.92% in New York, NY, so Cedar Falls, IA tends to feel more affordable for rent.

Take-home in Cedar Falls, IA

$4,184/mo

Income level: near

Take-home in New York, NY

$4,116/mo

Income level: below

Rent share (1BR) in Cedar Falls, IA

17.14%

COLI tier: mid-range

Rent share (1BR) in New York, NY

25.92%

COLI tier: very high-cost

Compare cost of living, rent, housing prices, and salary affordability between Cedar Falls, IA and New York, NY.

At a glance

Cheaper overall (lower cost-of-living index): Cedar Falls, IA
Lower rent (median 1BR/2BR): Cedar Falls, IA
Lower home prices: Cedar Falls, IA
Higher median household income: New York, NY

Cost of Living Index

Cedar Falls, IA: 100 (U.S. = 100) · New York, NY: 168.2 (U.S. = 100)

Cedar Falls, IA has a lower cost-of-living index than New York, NY, so a given salary generally stretches further there.

Median Rent

Cedar Falls, IA: $1,118/mo (midpoint of 1BR/2BR) · New York, NY: $1,690/mo

Median rent in New York, NY is $572/mo higher than in Cedar Falls, IA.

Median Home Price

Cedar Falls, IA: $252,500 · New York, NY: $751,700

Median home price in New York, NY is $499,200 higher than in Cedar Falls, IA.

Median Household Income

Cedar Falls, IA: $74,165 · New York, NY: $79,713

New York, NY has a higher median household income than Cedar Falls, IA by $5,548.

Cedar Falls, IA overview · New York, NY overview · Popular comparisons