Housing costs in Bloomington?
A typical home costs
$328,100, which is 3.0% less expensive than the national average of
$338,100 and 6.0% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Bloomington costs
$1,680 per month, which is 35.5% more than the national average of
$1,240 and 16.7% more than the state average of
$1,400.
Can I afford Bloomington?
To live comfortably in Bloomington (zip 55431), Minnesota, a minimum annual income of
$63,000 for a family, and
$54,800 for a single person is recommended.
What does A.I. say about Bloomington?
The cost of living in 55431 Bloomington, MN is fairly reasonable and slightly below the national average. According to Sperling's Best Places, the overall cost of living index is 92.2, which is 8.8% lower than the U.S. average. Median household income for 55431 is $59,569 which is higher than both the Minnesota average and the national average as well. Additionally, housing costs are below both state and national averages. This makes Bloomington an attractive option for those looking for an affordable area to live with a high median income.