Bloomington, IN (47404) is best known for being the home of Indiana University. Due to its college town atmosphere, 2 bedroom apartment rentals in the area are more affordable compared to the national US average. Specifically, the average rent of a two-bedroom apartment in Bloomington is approximately $1,080 according to rental price data aggregators such as Rent Jungle and Apartments.com—this is approximately $350 less than the US average of $1,430. Similarly, the grocery cost index in Bloomington is 96 compared to 100 nationally. There are a variety of eateries and supermarkets that cater to people living in Bloomington including Kroger, Lucky’s Market, Ashton’s Grocery Store, Rainbow Bakery & Deli Inc., and Greek's Pizzeria.
Bloomington (zip 47404) has an unemployment rate of 4.1%. The US average is 6.0%.
Bloomington (zip 47404) has seen the job market decrease by -1.7% over the last year. Future job growth over the next ten years is predicted to be 24.2%, which is lower than the US average of 33.5%.
Tax Rates for Bloomington (zip 47404)
- The Sales Tax Rate for Bloomington (zip 47404) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Bloomington (zip 47404) 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 (zip 47404)
- The average income of a Bloomington (zip 47404) resident is $20,960 a year. The US average is $28,555 a year.
- The Median household income of a Bloomington (zip 47404) resident is $47,121 a year. The US average is $69,021 a year.