Housing costs in Bloomington?
A typical home costs
$326,400, which is 3.5% less expensive than the national average of
$338,100 and 47.3% more expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Bloomington costs
$1,160 per month, which is 18.4% more than the national average of
$980 and 6.0% more than the state average of
$1,090.
Can I afford Bloomington?
To live comfortably in Bloomington (zip 47405), Indiana, a minimum annual income of
$62,640 for a family, and
$39,600 for a single person is recommended.
What does A.I. say about Bloomington?
The cost of living in 47405 Bloomington, IN is relatively moderate. According to data from the US Census Bureau, the median household income in the area is $44,788, slightly lower than the national median household income of $61,937. The median home value is also slightly lower than the national average at $161,400. Additionally, groceries and health care in the area are slightly more expensive than the national average but utilities and transportation costs are about 9% cheaper than the rest of the country. All in all, 47405 Bloomington offers a reasonable cost of living for those looking for a suburban lifestyle near a major city.