Bloomington, MD is a small city in Maryland with a relatively low cost of living when compared to the national average. The median two bedroom rental price is $740 which is much lower than the US average of $1,430. Additionally, grocery costs are only slightly higher than the national average with a cost index of 98 versus 100 in the US. There are many local companies that operate in Bloomington to help meet its residents needs and desires including a grocery store, a movie theater, an auto repair shop, and several restaurants.
Bloomington has an unemployment rate of 5.9%. The US average is 6.0%.
Bloomington has seen the job market decrease by -1.6% over the last year. Future job growth over the next ten years is predicted to be 20.4%, which is lower than the US average of 33.5%.
Tax Rates for Bloomington
- The Sales Tax Rate for Bloomington is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Bloomington is 7.4%. 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 $23,118 a year. The US average is $28,555 a year.
- The Median household income of a Bloomington resident is $17,066 a year. The US average is $69,021 a year.