Housing costs in Bloomington?
A typical home costs
$126,700, which is 62.5% less expensive than the national average of
$338,100 and 67.4% less expensive than the average Maryland home, at
$388,100. Renting a two-bedroom unit in Bloomington costs
$740 per month, which is 48.3% cheaper than the national average of
$1,430 and 118.9% cheaper than the state average of
$1,620.
Can I afford Bloomington?
To live comfortably in Bloomington, Maryland, a minimum annual income of
$24,120 for a family, and
$25,200 for a single person is recommended.
What does A.I. say about Bloomington?
The cost of living in Bloomington, MD is relatively low compared to other parts of the country. According to BestPlaces, the average cost of living index for Bloomington is 83.5, which is over 16 points lower than the national average. This means that many everyday expenses such as groceries and housing costs are much more affordable in Bloomington than in other parts of the US. In addition, there is no state income tax on wages earned in Maryland, which further reduces overall expenses for residents. All in all, living in Bloomington does not have to be expensive; with a bit of planning and budgeting, people can enjoy a decent standard of life without breaking their budget.