Housing costs in Bloomington?
A typical home costs
$375,900, which is 11.2% more expensive than the national average of
$338,100 and 21.5% more expensive than the average Minnesota home, at
$309,500. Renting a two-bedroom unit in Bloomington costs
$1,620 per month, which is 30.6% more than the national average of
$1,240 and 13.6% more than the state average of
$1,400.
Can I afford Bloomington?
To live comfortably in Bloomington (zip 55438), Minnesota, a minimum annual income of
$72,000 for a family, and
$52,800 for a single person is recommended.
What does A.I. say about Bloomington?
The cost of living in 55438 Bloomington, MN is relatively high compared to the national average. According to BestPlaces, the overall cost of living index in 55438 is 108.9, which is 8% higher than the US average. Housing costs are much higher than the national average, with an index of 129.5 compared to 100 for the national average. Groceries are also more expensive here at 111.3 compared to 100 for the US average. Other costs such as transportation and healthcare also tend to be above average when compared with other parts of the country. However, salaries tend to be slightly higher as well which helps balance out some of these costs.