Housing costs in Bloomington?
A typical home costs
$341,300, which is 0.9% more expensive than the national average of
$338,100 and 54.0% more expensive than the average Indiana home, at
$221,600. Renting a two-bedroom unit in Bloomington costs
$1,170 per month, which is 18.2% cheaper than the national average of
$1,430 and 16.2% more than the state average of
$980.
Can I afford Bloomington?
To live comfortably in Bloomington (zip 47401), Indiana, a minimum annual income of
$65,520 for a family, and
$40,000 for a single person is recommended.
What does A.I. say about Bloomington?
The cost of living in 47401 Bloomington, IN is quite reasonable. The median home value is around $179,000, and the median rent price is roughly $870 per month. The overall cost of living is 6.5% lower than the national average, which makes Bloomington an attractive option for anyone looking to live in a beautiful city at an affordable rate. Additionally, utilities such as electricity and water are quite inexpensive compared to other cities in the United States.