Housing costs in Bloomington?
A typical home costs
$276,200, which is 18.3% less expensive than the national average of
$338,100 and 24.6% more expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Bloomington costs
$1,080 per month, which is 24.5% cheaper than the national average of
$1,430 and 9.3% more than the state average of
$980.
Can I afford Bloomington?
To live comfortably in Bloomington (zip 47404), Indiana, a minimum annual income of
$52,920 for a family, and
$36,800 for a single person is recommended.
What does A.I. say about Bloomington?
The cost of living in Bloomington, IN 47404 is relatively low when compared to other cities in the US. The overall cost of living index for Bloomington is 88.1, which is 12% lower than the national average. The main costs that contribute to this index are housing, utilities, groceries, and transportation. Housing prices are quite reasonable in this area with a median cost of $175,000 for a three-bedroom home. Utility costs are also low when compared to other cities across the US. Groceries are also reasonably priced with an average of $49 for a basket of basic items. Transportation costs are also fairly low with an average monthly public transport budget at just $45 per month. Overall, the cost of living in Bloomington makes it an attractive option for those looking to move to a city with a lower cost of living than other areas in the US.