Bloomington, Indiana (47401) is a great place to live with a good balance of rental affordability and cost of living. The average two bedroom rent in Bloomington is $1,170 which is lower than the US average of $1,430. In addition, the Grocery Cost Index in Bloomington is 98 which is slightly lower than the national index of 100. This makes Bloomington an attractive location for families looking to find housing that fits their budget. There are many local companies in Bloomington offering great services including Upland Brewing Co., a microbrewery serving craft beer and food; Switchyard Brewing Company, a brewery providing locally crafted beers; and Jiffy Lube that provides oil changes and other automotive maintenance services.
Bloomington (zip 47401) has an unemployment rate of 4.1%. The US average is 6.0%.
Bloomington (zip 47401) 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 47401)
- The Sales Tax Rate for Bloomington (zip 47401) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Bloomington (zip 47401) 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 47401)
- The average income of a Bloomington (zip 47401) resident is $32,037 a year. The US average is $28,555 a year.
- The Median household income of a Bloomington (zip 47401) resident is $54,438 a year. The US average is $69,021 a year.