Bloomington, IL Metro Area is an affordable place to live with a 2 bedroom rent average of $990 compared to the US average of $1,430. Grocery costs in the metro area are lower than the national average at 94 versus 100 in the US. The city is home to some big name companies such as State Farm Insurance, Mitsubishi Motors North America and COUNTRY Financial. There are also a number of smaller local businesses that make up the economic fabric of Bloomington, IL Metro Area. These include Bloomington-Normal-based companies like Illinois Wesleyan University, OSF St. Joseph Medical Center, and Miller Park Zoo. With its affordable living costs and diverse business base, Bloomington, IL Metro Area continues to be an attractive option for those looking for a place to call home.
Bloomington Metro Area has an unemployment rate of 5.0%. The US average is 6.0%.
Bloomington Metro Area has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 22.8%, which is lower than the US average of 33.5%.
Tax Rates for Bloomington Metro Area
- The Sales Tax Rate for Bloomington Metro Area is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Bloomington Metro Area is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Bloomington Metro Area
- The average income of a Bloomington Metro Area resident is $30,453 a year. The US average is $28,555 a year.
- The Median household income of a Bloomington Metro Area resident is $70,339 a year. The US average is $69,021 a year.