Bloomington, TX is a great place for families to consider when looking for an affordable place to live. With a two-bedroom rent of only $970 per month, it is well below the US average of $1,430. Additionally, residents in Bloomington benefit from a low grocery cost index of 92 versus the 100 found nationally. Local companies in the area include Texas State Technical College Waco, Five Star Volkswagen, Classic Chevrolet Buick GMC and Crenwelge Motors. All these factors add up to make Bloomington an attractive area for those looking to find an affordable place to live without sacrificing quality of life.
Bloomington has an unemployment rate of 7.9%. The US average is 6.0%.
Bloomington has seen the job market decrease by -1.1% over the last year. Future job growth over the next ten years is predicted to be 10.3%, which is lower than the US average of 33.5%.
Tax Rates for Bloomington
- The Sales Tax Rate for Bloomington is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Bloomington is 0.0%. 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 $15,048 a year. The US average is $28,555 a year.
- The Median household income of a Bloomington resident is $30,810 a year. The US average is $69,021 a year.