Bloomington, IL is a great place to live with its relatively low 2 bedroom rent of $1,060 compared to the US average of $1,430. It also has an affordable grocery cost index of 96 versus the 100 in the US. Bloomington IL offers plenty of amenities for its residents including plenty of businesses like State Farm Insurance and COUNTRY Financial. Other cost of living categories such as energy bills, gas prices, healthcare costs, and car insurance rates are also significantly lower than national averages. With all these benefits combined, it's no surprise that people flock to Bloomington for an enjoyable and affordable lifestyle.
Bloomington has an unemployment rate of 5.5%. The US average is 6.0%.
Bloomington has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 22.9%, which is lower than the US average of 33.5%.
Tax Rates for Bloomington
- The Sales Tax Rate for Bloomington is 8.4%. The US average is 7.3%.
- The Income Tax Rate for Bloomington is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Bloomington
- The average income of a Bloomington resident is $33,279 a year. The US average is $28,555 a year.
- The Median household income of a Bloomington resident is $69,003 a year. The US average is $69,021 a year.