Bloomington, IN is an ideal place to live with a population of 47406. The average 2 bedroom rent is $1,140 which is much lower than the US average of $1430 indicating it is much more affordable. Additionally, the Grocery Cost Index in Bloomington is 96 versus 100 on the US Average, further emphasizing the affordability of this city. There are many local businesses in Bloomington such as Al Buescher's Auto Repair, Loeschner Insurance Agency Inc., and Hoosier Pest Control & Lawn Care to name a few. The cost of living in Bloomington is very attractive for potential residents.
Bloomington (zip 47406) has an unemployment rate of 4.3%. The US average is 6.0%.
Bloomington (zip 47406) has seen the job market decrease by -5.4% over the last year. Future job growth over the next ten years is predicted to be 23.6%, which is lower than the US average of 33.5%.
Tax Rates for Bloomington (zip 47406)
- The Sales Tax Rate for Bloomington (zip 47406) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Bloomington (zip 47406) 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 47406)
- The average income of a Bloomington (zip 47406) resident is $9,618 a year. The US average is $37,638 a year.
- The Median household income of a Bloomington (zip 47406) resident is $0 a year. The US average is $69,021 a year.