Zip 61704 (Bloomington, IL) Economy


Reviews



BestPlaces offers the best, most comprehensive city reports,
with insight into cost of living, crime, climate, and more.
Bloomington, IL is a great city to live in for those looking for affordable 2 bedroom rental options. The 2 bedroom rent in Bloomington, IL is $1,070 per month which is significantly lower compared to the US average of $1,430. The cost of living index for Bloomington, IL is also lower than the US average at 98. This means that groceries are generally cheaper here compared to other places in the US. Furthermore, there are several local businesses in Bloomington who can help with finding adequate housing. For instance, Real Estate by George has been providing quality and affordable landlord services since 1986 while Property Management Solutions offers a full range of property management services including tenant screening and background checks. In addition, Market Street Realty specializes in residential leasing and property management as well as offering homes for sale within the city limits of Bloomington. With these reliable businesses, finding a home or apartment in Bloomington has never been easier!

Bloomington (zip 61704) has an unemployment rate of 5.5%. The US average is 6.0%.

Bloomington (zip 61704) has seen the job market decrease by -6.8% over the last year. Future job growth over the next ten years is predicted to be 22.9%, which is lower than the US average of 33.5%.

Tax Rates for Bloomington (zip 61704)
- The Sales Tax Rate for Bloomington (zip 61704) is 8.8%. The US average is 7.3%.
- The Income Tax Rate for Bloomington (zip 61704) 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 (zip 61704)
- The average income of a Bloomington (zip 61704) resident is $47,186 a year. The US average is $37,638 a year.
- The Median household income of a Bloomington (zip 61704) resident is $86,750 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyBloomington, IllinoisUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
Health

The premier source for comprehensive city data for over 30 years.

© Best Places. All rights reserved.