Cost of Living in Bloomington, IN
Housing
The housing market plays a significant role in determining the cost of living in Bloomington, IN.
- Housing Index: 90.0 / 100
- Median Home Price is: $301,000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1400 per month
When considering a move to Bloomington, IN, the current housing index of 90.0 underscores an attractive market for potential homeowners and renters. The median home price of 301000 positions it well compared to national averages, suggesting a balanced entry point for home purchases. Additionally, with the average rent of 1200 for a 2-bedroom apartment and 1400 for a 2-bedroom house, this area offers a range of affordable rental options. Overall, Bloomington presents a practical choice for those looking to settle in a thriving community.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Bloomington, IN.
- Electricity Price: $14.89 USD (median by state)
- Natural Gas Price: Data is updating (median by state)
- Other Utilities (water, garbage, etc.): $200 per month
Living in Bloomington, IN could entail higher utility costs. Electricity costs sit at $14.89, while natural gas is priced at data unavailable per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $200 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Bloomington is a financially viable option for your relocation.