Bloomington, IN

Below Avg · 85

Indiana · Population 78,791 · Updated March 2026

$1,160
Median Rent / Month
$48,918
Median Income
$289,700
Median Home Value
$1,144
Owner Costs / Month

Affordability

How far your income goes in Bloomington

28.5%
Rent-to-Income Ratio
Moderate
Rent takes 25-35% of median income — moderate affordability.

Tax Burden in Indiana

State-level tax rates that affect your costs

3.05%
Income Tax (Top Rate)
7.0%
Sales Tax
0.83%
Property Tax Rate

Estimated Annual Costs

$13,920
Annual Rent
$1,492
State Income Tax
$2,405
Property Tax (est.)

Cost of Living Overview

Bloomington offers a below-average cost of living, giving residents more purchasing power compared to many US cities. With a cost index of 85 (where 100 equals the national median), Bloomington residents can expect to pay median rent of $1,160/month while earning a median household income of $48,918/year.

The median home value in Bloomington, IN is $289,700, with typical monthly owner costs around $1,144 including mortgage, insurance, and taxes. With a rent-to-income ratio of 28.5%, Bloomington falls within the generally affordable range, though it's approaching the 30% burden threshold.

Indiana has a moderate income tax rate of 3.05%. Combined with a 7.0% sales tax rate and 0.83% effective property tax rate, the overall tax environment is a factor in the total cost of living in Bloomington.

Frequently Asked Questions

Common questions about living costs in Bloomington

What is the cost of living in Bloomington, IN?
The cost of living index in Bloomington, IN is 85 (US average = 100). Median monthly rent is $1,160, median household income is $48,918/year, and the median home value is $289,700.
Is Bloomington, IN affordable?
Yes, Bloomington is more affordable than the national average with a cost index of 85. The rent-to-income ratio is 28.5%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Bloomington, IN?
The median gross rent in Bloomington, IN is $1,160 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $13,920.
What is the median household income in Bloomington?
The median household income in Bloomington, IN is $48,918 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Indiana?
Indiana has a top income tax rate of 3.05%, a sales tax of 7.0%, and an effective property tax rate of 0.83%.