Bloomington, Indiana Cost Of Living

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C-

Overall 0%

Goods & Services 6%

Housing 8%

Date & Last Updated: This data reflects 2022 and was released from C2ER in January, 2022; this is the most current data available.

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Bloomington	Indiana	National
Cost of living	100	89	100
Goods & Services	106	96	100
Groceries	107	94	100
Health care	110	96	100
Housing	92	72	100
Transportation	99	99	100
Utilities	99	99	100

Key findings

The cost of living in Bloomington is 13% higher than the Indiana average
The cost of living in Bloomington is equal to the national average
Bloomington housing is 8% lower than the national average
Indiana general sales tax is 37% higher than the national average
Indiana state income tax is 31% higher than the national average

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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$72,083	$6,007	$1,682	$2,163
Renters	$20,045	$1,670	$468	$601

The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Bloomington, IN, as well as what the overall cost of living might be. 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 payments and not more than 36 percent of income on all expenses and debts. In Bloomington, homeowners have a median income of $72,083. Using that number, a maximum of $1,682 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $20,045, which means there is a maximum of $468 to be spent on the costs of renting a home or apartment.

Indiana Sales Tax

State	General Sales Tax	With Max Surtax
Indiana	7%	7%

Indiana Income Tax

State	Income Tax (Low)	Income Tax (High)
Indiana	3.23%	3.23%

Goods & Services

Item	Bloomington	National avg.	Difference
Haircut	$25.92	$20.27	27.8%
Beauty Salon	$32.83	$40.39	18.7%
Toothpaste	$3.21	$2.36	36.1%
Shampoo	$1.19	$1.08	10.6%
Movie	$9.69	$10.99	11.8%
Bowling	$17.89	$15.49	15.5%

Groceries

Item	Bloomington	National avg.	Difference
Ground Beef	$5.05	$4.30	17.4%
Fried Chicken	$1.81	$1.40	29.1%
Milk	$2.03	$2.20	8.0%
Potatoes	$3.38	$3.22	5.1%
Pizza	$10.19	$10.74	5.1%
Beer	$9.30	$9.60	3.1%

Health Care

Item	Bloomington	National avg.	Difference
Optometrist	$180.45	$109.73	64.5%
Doctor	$133.50	$118.34	12.8%
Dentist	$97.22	$100.94	3.7%
Ibuprofen	$10.64	$9.93	7.1%
Lipitor	$491.79	$469.53	4.7%

Housing

Item	Bloomington	National avg.	Difference
Home Price	$172,100.00	$184,700.00	6.8%
Avg. Mortgage Payment	$999.99	$1,229.62	18.7%
Apartment Rent	$839.00	$949.00	11.6%

Transportation

Item	Bloomington	National avg.	Difference
Gasoline	$2.85	$2.71	5.0%
Tire Balancing	$46.18	$51.86	11.0%

Utilities

Item	Bloomington	National avg.	Difference
All Electricity	$162.14	$170.84	5.1%
Phone	$195.58	$187.18	4.5%

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	Population	Cost of Living Index	National Avg.
Stinesville, IN	232	85	15.5%
Gosport, IN	716	88	12.3%
Spencer, IN	2,281	89	11.2%
Morgantown, IN	976	90	10.1%
Harrodsburg, IN	760	92	7.8%
Bloomington, IN	83,093	100	0.5%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Troy, MI	82,982	111	10.7%
New Westminster, BC	82,940	n/a
Johns Creek, GA	82,930	124	24.5%
Santa Fe, NM	82,927	105	4.8%
Buena Park, CA	82,771	141	41.4%
Bloomington, IN	83,093	100	0.5%

Source: This data reflects 2021 and was released from C2ER in January, 2022; this is the most current data available.