Housing costs in Bloomfield?
A typical home costs
$269,100, which is 20.4% less expensive than the national average of
$338,100 and 13.1% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Bloomfield costs
$1,000 per month, which is 30.1% cheaper than the national average of
$1,430 and 24.0% cheaper than the state average of
$1,240.
Can I afford Bloomfield?
To live comfortably in Bloomfield, Minnesota, a minimum annual income of
$51,480 for a family, and
$30,000 for a single person is recommended.
What does A.I. say about Bloomfield?
The cost of living in Bloomfield, MN is favorable compared to the rest of the country. The median home value is $128,600 and the cost of living index is 90.6, which is 10% lower than the U.S average. Additionally, utility costs are relatively low when compared to other parts of the country and crime rates remain low throughout the city. All in all, Bloomfield provides an affordable standard of living with a low cost of living index that makes it a great option for those looking to settle down and raise a family at an affordable price point.