Zip 61705 (Bloomington, IL) Economy


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Bloomington, IL, 61705 is an ideal place to live with its wide range of amenities and attractions. The average 2 bedroom rental rate in the area is $1,150 which is significantly lower than the US benchmark of $1,430. Additionally, grocery shopping in Bloomington is even more affordable than the national average with a 100 index versus 100 in the US.
The city offers a variety of local businesses and entertainment options such as Uptown Normal for shopping, Cinepolis Luxury Cinemas for movie-goers, numerous restaurants including Kep’s Wings & Grill and Drunken Donuts for delicious meals. For some outdoor fun, McLean County Museum of History provides educational experiences about local history while Miller Park Zoo allows visitors to explore nature from up close. With all these amenities available in Bloomington, IL 61705 it's no wonder why it's an attractive place to call home.

Bloomington (zip 61705) has an unemployment rate of 5.5%. The US average is 6.0%.

Bloomington (zip 61705) 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 61705)
- The Sales Tax Rate for Bloomington (zip 61705) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Bloomington (zip 61705) 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 61705)
- The average income of a Bloomington (zip 61705) resident is $46,170 a year. The US average is $37,638 a year.
- The Median household income of a Bloomington (zip 61705) resident is $106,348 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%
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