Bloomfield, IA is a small town located in southeastern Iowa. It is an ideal place for those seeking to live an affordable lifestyle due to its lower costs of living compared to the national average. The average two bedroom rent in Bloomfield is $780 per month, whereas the US average is at $1,430. Additionally, the Grocery Cost Index in Bloomfield is 94 versus 100 in the US.
The town offers plenty of amenities and local businesses to enjoy. For example, there’s O'Keefe's Family Restaurant which serves up delicious homestyle cooking; KicknStix, a popular sports bar and restaurant; and Roseland Flowers & Gifts, providing fresh floral arrangements for all occasions. These are just some of the many establishments that make this a great place to call home.
Thanks to its lower prices on rent and groceries, as well as other factors such as local businesses offering competitive prices for their goods and services, Bloomfield offers residents a low cost of living while still enjoying all the benefits that come with living in small-town America.
Bloomfield has an unemployment rate of 3.4%. The US average is 6.0%.
Bloomfield has seen the job market decrease by -4.8% over the last year. Future job growth over the next ten years is predicted to be 31.4%, which is lower than the US average of 33.5%.
Tax Rates for Bloomfield
- The Sales Tax Rate for Bloomfield is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Bloomfield is 9.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Bloomfield
- The average income of a Bloomfield resident is $28,650 a year. The US average is $37,638 a year.
- The Median household income of a Bloomfield resident is $55,156 a year. The US average is $69,021 a year.