Housing costs in Bloomington?
A typical home costs
$291,500, which is 13.8% less expensive than the national average of
$338,100 and 5.8% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Bloomington costs
$1,370 per month, which is 10.5% more than the national average of
$1,240 and 2.2% cheaper than the state average of
$1,400.
Can I afford Bloomington?
To live comfortably in Bloomington (zip 55420), Minnesota, a minimum annual income of
$55,800 for a family, and
$44,800 for a single person is recommended.
What does A.I. say about Bloomington?
Living in 55420 Bloomington, MN is quite affordable. The median home price is around $215,000, and the average rent for a studio apartment averages around $1000 per month. Additionally, the cost of utilities such as electricity and water are below the national average. Groceries are also relatively inexpensive in this area, with prices comparable to other parts of Minnesota. While living in Bloomington may not be the most budget-friendly option out there, it is certainly much more affordable than many other places in the United States.