Housing costs in New Bloomington?
A typical home costs
$158,700, which is 53.1% less expensive than the national average of
$338,100 and 19.4% less expensive than the average Ohio home, at
$197,000. Renting a two-bedroom unit in New Bloomington costs
$930 per month, which is 35.0% cheaper than the national average of
$1,430 and 5.4% cheaper than the state average of
$980.
Can I afford New Bloomington?
To live comfortably in New Bloomington, Ohio, a minimum annual income of
$30,240 for a family, and
$28,400 for a single person is recommended.
What does A.I. say about New Bloomington?
The cost of living in New Bloomington, OH is quite affordable compared to other cities in the Midwest. According to the 2018 Cost of Living Index, New Bloomington enjoys a low 73.5 score, which is 17 points lower than the national average. Housing is especially budget-friendly with a median home value of $84,000 and monthly rent averaging just $697 for a one bedroom apartment. Utilities are also very reasonable at just under $150 per month on average. When it comes to food and transportation, prices remain competitive with the national average or even slightly lower. With its low cost of living and plentiful job opportunities, New Bloomington is an excellent place to settle down and start a family or career.