Housing costs in Bloomington?
A typical home costs
$141,200, which is 58.2% less expensive than the national average of
$338,100 and 41.6% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Bloomington costs
$1,010 per month, which is 19.8% cheaper than the national average of
$1,260 and 2.0% more than the state average of
$990.
Can I afford Bloomington?
To live comfortably in Bloomington (zip 61701), Illinois, a minimum annual income of
$27,000 for a family, and
$32,400 for a single person is recommended.
What does A.I. say about Bloomington?
The cost of living in 61701 Bloomington, IL is slightly higher than the national average. The median home value index is around $123,500, with a median monthly rent price of about $900. Food and grocery costs are also a bit higher than the average for other U.S. cities, with a Grocery Cost Index of 104.9 and a Restaurant Price Index of 123.3. Property taxes are slightly lower than average however, at 1% on owner-occupied residences and 1.2% on non-owner occupied residences. All in all, the cost of living in 61701 Bloomington, IL can be considered slightly above average compared to most other U.S. cities.