Housing costs in Bloomington?
A typical home costs
$263,800, which is 22.0% less expensive than the national average of
$338,100 and 19.0% more expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Bloomington costs
$1,090 per month, which is 23.8% cheaper than the national average of
$1,430 and 10.1% more than the state average of
$980.
Can I afford Bloomington?
To live comfortably in Bloomington Indi Metro Area, Indiana, a minimum annual income of
$50,400 for a family, and
$36,800 for a single person is recommended.
What does A.I. say about Bloomington?
Living in Bloomington, IN Metro Area is an attractive option for many due to its lower cost of living compared to the US average. The cost of living index in the Bloomington area is 88, which is 12 points lower than the US average of 100. This indicates that basic goods and services are approximately 12 percent less expensive than they are across the country. At the same time, house median values in this area still remain high at $263,800 despite being much lower than the national average of $338,100. Therefore, those considering relocating to this area can enjoy lower costs and access to a wide range of amenities at a relatively reduced rate.