Bloomington cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexBloomingtonIndianaNational
Cost of living index9588100
IndexBloomingtonIndianaNational
Goods & Services index9895100
Groceries index9492100
Health care index9995100
Housing index9473100
Transportation index9293100
Utilities index9193100
Here we can see a simple outline of the cost of living in Bloomington, IN. As you can see, with the average cost of living in Bloomington, IN being 95, that puts it 8% higher than the average of Indiana and 5% lower than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Bloomington, IN, the price of goods and services are 3% higher than the average of Indiana as well as 2% lower than the nation's average.

Did you know?

  • The cost of living in Bloomington is 8% higher than the Indiana average.
  • The cost of living in Bloomington is 5% lower than the national average.
  • The cost of housing in Bloomington is 6% lower than the national average.
  • Indiana general sales tax is 37% higher than the national average.
  • Indiana state income tax is 48% higher than the national average.

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Salary Calculator

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Health care index
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Use the salary calculator to compare your current income in Bloomington, IN to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Bloomington, IN, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Bloomington, IN salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$68,115$5,676$1,589$2,044
Renters$17,557$1,463$410$527
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Bloomington, IN, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Bloomington, IN homeowners have a median income of $68,115. Using that number, you will come up with a maximum of $1,589 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $17,557, which means there is a maximum of $410 to be spent on the costs of renting a home or apartment.

Indiana Sales Tax

StateGeneral Sales TaxWith Max Surtax
Indiana7%7%

Indiana Income Tax

StateIncome Tax (Low)Income Tax (High)
Indiana3.3%3.3%
When you are determining the total cost of living in Bloomington, IN you will want to make sure you consider both the Indiana sales tax and the Indiana income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in Indiana is 7%, with the highest surtax being 7%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in Indiana have a range from 3.3% to 3.3%.

Goods & Services

ItemBloomingtonNational avg.Difference
Haircut $19.60$14.5934.3%
Beauty Salon $29.80$34.6814.1%
Toothpaste $2.34$2.475.4%
Shampoo $1.03$1.020.8%
Movie $10.53$9.876.7%
Bowling $4.30$4.392.1%

Groceries

ItemBloomingtonNational avg.Difference
Ground Beef $4.34$4.483.1%
Fried Chicken $1.18$1.4619.4%
Milk $1.96$2.3616.8%
Potatoes $2.86$3.066.6%
Pizza $8.99$9.242.7%
Beer $7.98$8.637.6%

Health Care

ItemBloomingtonNational avg.Difference
Optometrist $84.30$99.7815.5%
Doctor $96.50$105.038.1%
Dentist $87.80$88.701.0%
Ibuprofen $8.69$9.417.7%
Lipitor $335.04$298.5012.2%

Housing

ItemBloomingtonNational avg.Difference
Home Price $170,900.00$175,700.002.7%
Avg. Mortgage Payment $821.91$1,081.0324.0%
Apartment Rent $798.00$920.0013.3%

Transportation

ItemBloomingtonNational avg.Difference
Gasoline $2.01$2.093.9%
Tire Balancing $36.41$45.2919.6%

Utilities

ItemBloomingtonNational avg.Difference
All Electricity$156.80$170.808.2%
Phone $25.68$28.269.1%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Stinesville, IN14978-22%
Harrodsburg, IN76186-14%
Spencer, IN2,45387-13%
Gosport, IN84883-17%
Morgantown, IN1,03384-16%
Bloomington, IN81,96395-5%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
O'Fallon, MO81,9781022%
Longview, TX82,03094-6%
Warwick, RI82,06511717%
Bellingham, WA82,08011818%
Troy, MI82,1061044%
Bloomington, IN81,96395-5%
Source: The Bloomington, IN cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.