Housing costs in Bloomington?
A typical home costs
$311,200, which is 8.0% less expensive than the national average of
$338,100 and 28.8% more expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Bloomington costs
$1,150 per month, which is 8.7% cheaper than the national average of
$1,260 and 13.9% more than the state average of
$990.
Can I afford Bloomington?
To live comfortably in Bloomington (zip 61705), Illinois, a minimum annual income of
$59,760 for a family, and
$37,200 for a single person is recommended.
What does A.I. say about Bloomington?
The cost of living in 61705 Bloomington, IL is relatively moderate compared to other cities around the United States. According to Sperling's Best Places, the Cost of Living Index for Bloomington is 89.1, which is 11.9% lower than the national average. The median home value in Bloomington is $117,100 and the median rent price is $751. Utilities are also fairly affordable with an average electricity bill of $129 per month. Additionally, food costs are generally lower than average, making dining out more accessible to locals and visitors alike. All things considered, people who choose to settle down in 61705 Bloomington have access to a reasonable cost of living that won't break the bank.