Bloomfield, IN is an affordable place to live, with 2 bedroom rent prices being much lower than the US average at $910. It also has a Grocery Cost Index of 93, which is slightly lower than the national average. This makes Bloomfield a great choice for those looking for a more affordable location to call home. The city is home to many well-known companies such as Bloomfield Glass Company, Greene County Hospital, and Rural King Supply. With comparatively low rental rates and grocery costs, Bloomfield offers an attractive quality of life while still maintaining affordability for its residents.
Bloomfield has an unemployment rate of 4.9%. The US average is 6.0%.
Bloomfield has seen the job market decrease by -0.1% over the last year. Future job growth over the next ten years is predicted to be 23.6%, which is lower than the US average of 33.5%.
Tax Rates for Bloomfield
- The Sales Tax Rate for Bloomfield is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Bloomfield is 4.2%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Bloomfield
- The average income of a Bloomfield resident is $22,065 a year. The US average is $28,555 a year.
- The Median household income of a Bloomfield resident is $51,875 a year. The US average is $69,021 a year.