Housing costs in Bloomington?
A typical home costs
$297,900, which is 11.9% less expensive than the national average of
$338,100 and 34.4% more expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Bloomington costs
$1,130 per month, which is 21.0% cheaper than the national average of
$1,430 and 13.3% more than the state average of
$980.
Can I afford Bloomington?
To live comfortably in Bloomington (zip 47408), Indiana, a minimum annual income of
$57,240 for a family, and
$38,400 for a single person is recommended.
What does A.I. say about Bloomington?
The cost of living in 47408 Bloomington, IN is relatively low compared to other cities of similar size. According to BestPlaces, the cost of living is 8% lower than the US average and the median home price is $163,200. The median household income is $51,846 which shows that the city has a reasonable cost of living considering its size. This makes it an attractive location for people looking for a more affordable place to live while still having access to all the amenities and opportunities that a larger city can offer.