Housing costs in Bloomington?
A typical home costs
$371,600, which is 9.9% more expensive than the national average of
$338,100 and 20.1% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Bloomington costs
$1,500 per month, which is 21.0% more than the national average of
$1,240 and 6.7% more than the state average of
$1,400.
Can I afford Bloomington?
To live comfortably in Bloomington (zip 55437), Minnesota, a minimum annual income of
$71,280 for a family, and
$48,800 for a single person is recommended.
What does A.I. say about Bloomington?
Living in 55437 Bloomington, MN can be quite expensive. According to BestPlaces's cost of living index, the cost of living in this area is 12% higher than the average cost of living in the United States. The estimated monthly expenses for a single person are $1,731, which includes housing costs like rent and utilities, transportation expenses like gas prices and public transport fares, and grocery costs. The overall expenses for a family of four people with two adults and two children are estimated at $5,469 per month. In addition, taxes in this area are above the national average which adds to the total cost of living here.