Housing costs in Bloomington?
A typical home costs
$236,600, which is 30.0% less expensive than the national average of
$338,100 and 6.8% more expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Bloomington costs
$1,060 per month, which is 25.9% cheaper than the national average of
$1,430 and 7.5% more than the state average of
$980.
Can I afford Bloomington?
To live comfortably in Bloomington (zip 47403), Indiana, a minimum annual income of
$45,360 for a family, and
$36,400 for a single person is recommended.
What does A.I. say about Bloomington?
The cost of living in 47403 Bloomington, IN is quite affordable. The median home value is just over $159,000 and the median rent price is roughly $740 per month. The overall cost of living is more than 10% lower than the national average, making it a much more affordable option for those looking to live or work in the area. Additionally, groceries are about 4% lower than the national average, and utilities are significantly lower than most places. Bloomington has a lot to offer its residents without breaking the bank!