Bloomington, Indiana is located in Monroe County and has a population of 83,785. It is home to Indiana University and a host of other local businesses. The average rent for a two-bedroom apartment in Bloomington is $1,060, which is significantly less than the national average price of $1,430. Similarly, the grocery cost index in Bloomington is 95 versus 100 nationally. Some notable companies based in Bloomington include KIRCO MANIX Construction, Cook Group Incorporated and Indiana University Health. KIRCO MANIX Construction provides services related to design-build construction projects while Cook Group Incorporated specializes in medical device design and manufacturing. Lastly, Indiana University Health offers world-class medical care with a network of hospitals and physician practices across the state.
Bloomington (zip 47403) has an unemployment rate of 4.1%. The US average is 6.0%.
Bloomington (zip 47403) 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 47403)
- The Sales Tax Rate for Bloomington (zip 47403) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Bloomington (zip 47403) 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 47403)
- The average income of a Bloomington (zip 47403) resident is $23,129 a year. The US average is $28,555 a year.
- The Median household income of a Bloomington (zip 47403) resident is $60,024 a year. The US average is $69,021 a year.