Bloom, WI is a small town located in the Midwest of the United States. The cost of living in Bloom is fairly low compared to the rest of the US. Rent for a two bedroom apartment is only $840 per month, which is significantly cheaper than the national average of $1,430. Additionally, the cost of groceries in Bloom has a grocery cost index of 92 versus 100 in the US. There are several local companies in Bloom that provide goods and services at competitive prices compared to similar businesses nationwide. For instance, Bloom Pharmacy offers prescription medications for lower prices than other pharmacies around the country, while Bob’s Auto Repair specializes in car repair services and guarantees prices lower than what you would find at other automotive shops nation-wide.
Bloom has an unemployment rate of 4.5%. The US average is 6.0%.
Bloom has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 31.3%, which is lower than the US average of 33.5%.
Tax Rates for Bloom
- The Sales Tax Rate for Bloom is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Bloom is 6.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Bloom
- The average income of a Bloom resident is $30,213 a year. The US average is $37,638 a year.
- The Median household income of a Bloom resident is $49,250 a year. The US average is $69,021 a year.