Overall
- Owensboro
- 88.6
- Cedar Rapids
- 89.0
Diff +0.4 RPP
Owensboro vs Cedar Rapids
Cost of living comparison based on BEA Regional Price Parities. Cedar Rapids is 0.4% more expensive than Owensboro.
0.4% more expensive
Cedar Rapids, IA is 0.4% more expensive than Owensboro, KY on BEA Regional Price Parities (overall RPP 89.0 vs 88.6). A $100,000 salary in Owensboro buys about the same as $100,398 in Cedar Rapids; the largest component gap is rents.
- Overall RPP 88.6 (Owensboro) vs 89.0 (Cedar Rapids)
- $100k in Owensboro ≈ $100,398 purchasing power in Cedar Rapids
- Rents drives the gap (+15.7 RPP points)
RPP parity plate
Pair KY:IA 88.6→89.0
PHOTO-FINISH · CROSS-STATE · SPLIT-BUDGET · BOTH-BELOW · PP-PAR
- PHOTO-FINISH Photo finish
- CROSS-STATE KY × IA
- SPLIT-BUDGET Split budget
- BOTH-BELOW Both below 100
- PP-PAR PP near-par
Instrument codes from this pair's BEA Regional Price Parities (overall · goods · services · rents · national benchmark 100 · purchasing-power conversion), not a ranking or recommendation.
Owensboro
88.6
Cost Index
Cedar Rapids
89.0
Cost Index
What This Comparison Actually Tells You
Owensboro, KY and Cedar Rapids, IA are a photo finish on overall price level, only 0.4 RPP points apart. A salary conversion is therefore a fine adjustment, not evidence of a fundamentally different cost regime.
Rents creates the largest separation: Cedar Rapids is 15.7 points higher. But goods move against the overall direction, so this is a split budget rather than a clean across-the-board winner.
Comparable population context is incomplete for this pair, so no market-scale explanation is inferred from the price indexes.
Both metros remain below the U.S. benchmark of 100. This comparison chooses between two below-average price levels; “more expensive” here does not mean nationally expensive.
For a housing-sensitive move, validate the rent gap first: HUD Fair Market Rent and the actual unit size can overturn what the blended index implies. On the BEA ratio alone, $100,000 in Owensboro corresponds to $100,398 in Cedar Rapids.
Category Breakdown
Goods
- Owensboro
- 96.2
- Cedar Rapids
- 93.7
Diff -2.5 RPP
Services
- Owensboro
- 75.2
- Cedar Rapids
- 84.0
Diff +8.8 RPP
Rents
- Owensboro
- 55.7
- Cedar Rapids
- 71.4
Diff +15.7 RPP
| Category | Owensboro | Cedar Rapids | Difference |
|---|---|---|---|
| Overall | 88.6 | 89.0 | +0.4 |
| Goods | 96.2 | 93.7 | -2.5 |
| Services | 75.2 | 84.0 | +8.8 |
| Rents | 55.7 | 71.4 | +15.7 |
Visual Comparison
Overall
Owensboro 88.6
Cedar Rapids 89.0
Goods
Owensboro 96.2
Cedar Rapids 93.7
Services
Owensboro 75.2
Cedar Rapids 84.0
Rents
Owensboro 55.7
Cedar Rapids 71.4
Vertical line = national average (100)
How the Price Gap Changed
Owensboro and Cedar Rapids share 17 published annual releases from 2008 through 2024. Their overall gap narrowed, moving from 4.3 to 0.4 RPP points. Cedar Rapids remained the higher-index metro in the latest release.
Rents changed the most within this pair: its gap moved 3.0 points between the first and latest shared releases (18.7 to 15.7 points). This describes a relative price-index history, not a forecast or a household budget.
| Release Year | Owensboro RPP | Cedar Rapids RPP | Relative Gap |
|---|---|---|---|
| 2008 | 88.6 | 92.9 | 4.3 points Cedar Rapids higher |
| 2012 | 93.7 | 93.7 | 0.0 points Cedar Rapids higher |
| 2016 | 92.1 | 91.1 | 1.0 points Owensboro higher |
| 2020 | 89.0 | 91.2 | 2.2 points Cedar Rapids higher |
| 2024 | 88.6 | 89.0 | 0.4 points Cedar Rapids higher |
Annual BEA Regional Price Parity releases; a higher index means a higher price level relative to the national average of 100. Selected years shown from the full shared series.
Salary Equivalents
What a salary in Owensboro would need to be in Cedar Rapids for the same purchasing power:
| In Owensboro | In Cedar Rapids | Difference |
|---|---|---|
| $50,000 | $50,199 | +$199 |
| $75,000 | $75,299 | +$299 |
| $100,000 | $100,398 | +$398 |
| $150,000 | $150,598 | +$598 |
$ in Owensboro = in Cedar Rapids
Same BEA Regional Price Parity ratio as the table above (88.6 → 89.0), computed live from your number, nothing is sent anywhere.
Frequently Asked Questions
Is Cedar Rapids more expensive than Owensboro?
Cedar Rapids is 0.4% more expensive than Owensboro. The overall cost index is 89.0 vs 88.6 (national average = 100).
What salary in Cedar Rapids equals $100K in Owensboro?
A $100,000 salary in Owensboro has the same purchasing power as $100,398 in Cedar Rapids. This is based on the BEA Regional Price Parity indexes.
How do rents compare between Owensboro and Cedar Rapids?
Rents in Owensboro are indexed at 55.7 while Cedar Rapids is at 71.4 (national average = 100). Cedar Rapids has higher rents.
Data sources
- BEA Regional Price Parities (RPP), the cost-of-living indices shown on this page
- U.S. Census Bureau, American Community Survey (ACS), gross-rent observations behind the rents component
- BLS Consumer Price Index (CPI), goods and services price relatives
- BLS Occupational Employment and Wage Statistics (OEWS), labor-driven services component
- HUD Fair Market Rents (FMR), 40th-percentile rent cross-reference
Every figure on PlainCost is rendered directly from BEA Regional Price Parity source data, no number is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, our changelog, or report a data error. Data current as of 2026-08-11. Rankings measure the published cost-of-living index only; we don't recommend where to live or rate any metro's quality of life.