Bloomington, IN Metro Area is a great place to live! The cost of living is considerably lower compared to the US average – rental costs for a two bedroom apartment are $1,090 monthly as opposed to the US average of $1,430. Grocery costs are also comparatively low; the grocery cost index in Bloomington is 95 compared to 100 in the US. In addition, there’s lots of things to do and see in the area. You can visit local attractions like Wonderlab Museum of Science and visit local companies like Cook Medical and Indiana University Health Bloomington Hospital among many others.
Bloomington Metro Area has an unemployment rate of 4.2%. The US average is 6.0%.
Bloomington Metro Area has seen the job market decrease by -5.4% over the last year. Future job growth over the next ten years is predicted to be 23.8%, 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 7.0%. The US average is 7.3%.
- The Income Tax Rate for Bloomington Metro Area is 4.3%. 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 $30,848 a year. The US average is $37,638 a year.
- The Median household income of a Bloomington Metro Area resident is $54,060 a year. The US average is $69,021 a year.