Housing costs in Bloomington?
A typical home costs
$295,300, which is 12.7% less expensive than the national average of
$338,100 and 4.6% less expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Bloomington costs
$1,430 per month, which is 15.3% more than the national average of
$1,240 and 2.1% more than the state average of
$1,400.
Can I afford Bloomington?
To live comfortably in Bloomington (zip 55425), Minnesota, a minimum annual income of
$56,520 for a family, and
$46,400 for a single person is recommended.
What does A.I. say about Bloomington?
The cost of living in 55425 Bloomington, MN is relatively affordable compared to other major cities in the U.S. The median home price in the area is $278,600, which is below the national average of $309,900. Rent prices are also lower than many other cities with a median rent of $1,311 compared to the national average of $1,469 per month. Additionally, groceries and transportation costs are lower than the national averages as well. All these factors contribute to making 55425 Bloomington a great place for people looking for an affordable cost of living without sacrificing quality or convenience.