Bloomington, Indiana is an exciting and vibrant city located in South Central Indiana. It is a great place to live with its diverse culture, excellent dining, and abundant recreation opportunities. There are many local companies that provide employment opportunities including Cook Group, Ivy Tech Community College of Indiana, IU Health Bloomington Hospital, IU Credit Union, Hulman & Company and Old National Bank. This city also offers many attractions such as the Wonderlab Museum of Science, History & Nature; the Indianapolis Zoo; and Hoosier National Forest. On top of all this Bloomington has a cost of living index which is more affordable than the U.S average with the median 2 bedroom rent at $1120 compared to $1430 nationally. Grocery costs are also lower than elsewhere throughout the United States with an index score of 97 versus 100 in the US overall. With its affordability and variety of activities Bloomington makes for an ideal place to live or visit on vacation!
Bloomington has an unemployment rate of 4.3%. The US average is 6.0%.
Bloomington has seen the job market decrease by -1.7% over the last year. Future job growth over the next ten years is predicted to be 23.6%, which is lower than the US average of 33.5%.
Tax Rates for Bloomington
- The Sales Tax Rate for Bloomington is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Bloomington is 4.3%. 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 $19,600 a year. The US average is $28,555 a year.
- The Median household income of a Bloomington resident is $41,995 a year. The US average is $69,021 a year.