Bloomington, Indiana is a vibrant college town that is home to approximately 82,000 residents. Located in the south-central part of the state, Bloomington offers a diverse and unique selection of restaurants, coffee shops, local businesses, and other amenities for its residents. With an average two-bedroom rent of $1,130 per month, Bloomington proves to be an affordable option compared to the US average rent of $1,430 each month. Additionally, the cost of living is slightly lower than the US average with a Grocery Cost Index at 98 versus 100 in the US. The small city provides plenty of shopping and entertainment options that cater to locals and students alike. Popular local businesses like Rockit's Bar & Grill, Upland Brewing Company, Z&Z Pizza Pub and The Owlery Restaurant offer quality products and services for residents while also providing employment opportunities within the city.
Bloomington (zip 47408) has an unemployment rate of 4.1%. The US average is 6.0%.
Bloomington (zip 47408) 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 24.2%, which is lower than the US average of 33.5%.
Tax Rates for Bloomington (zip 47408)
- The Sales Tax Rate for Bloomington (zip 47408) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Bloomington (zip 47408) 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 47408)
- The average income of a Bloomington (zip 47408) resident is $27,011 a year. The US average is $37,638 a year.
- The Median household income of a Bloomington (zip 47408) resident is $38,910 a year. The US average is $69,021 a year.