Bloomingdale, IN Economy


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United States / Indiana / No Metro Area / Parke County / Bloomingdale / Zip Codes
Bloomingdale, IN is a small town located in Indiana. The town offers a relaxing atmosphere for its residents to enjoy while providing many amenities. Local companies in Bloomingdale include several restaurants, gas stations, grocery stores, banks, and retail outlets. The cost of living in Bloomingdale is well below the national average due to lower rental costs. According to figures from Rent Jungle, 2 bedroom rent in Bloomingdale is around $970 compared to the US 2 bedroom rent of $1,430. Additionally, the Grocery Cost Index in Bloomingdale was rated 91 versus 100 in the US, which indicates that groceries are quite affordable too. All these factors make it an attractive destination for those looking for a comfortable lifestyle at a lower cost than other cities.

Bloomingdale has an unemployment rate of 4.3%. The US average is 6.0%.

Bloomingdale has seen the job market decrease by -4.5% over the last year. Future job growth over the next ten years is predicted to be 30.3%, which is lower than the US average of 33.5%.

Tax Rates for Bloomingdale
- The Sales Tax Rate for Bloomingdale is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Bloomingdale is 5.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Bloomingdale
- The average income of a Bloomingdale resident is $23,908 a year. The US average is $37,638 a year.
- The Median household income of a Bloomingdale resident is $60,750 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyBloomingdale, IndianaUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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