Bloomington, MN Cost Of Living
Cost Of Living In Bloomington, MN Summary
Cost of living in Bloomington research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Bloomington is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Minnesota, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Bloomington is 109, with 100 being the average.
The cost of living index in Bloomington is 1.1x higher than the national average.
Bloomington ranks as the #93 cheapest in Minnesota out of 148.
Bloomington ranks as the #3,556 cheapest out of 6,489 in the US.
The median home value in Bloomington is $358,282.
The median income in Bloomington is $90,677.
Table Of Contents
Bloomington's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Bloomington, MN?
According to the most recent data on the cost of living, Bloomington has an overall cost of living index of 109, which is 1.1x higher than the national index of 100.
Compared to Minnesota, Bloomington has a cost of living index that's 1.1x higher than Minnesota's index of 97.
The standard of living in Bloomington ranks as #93 most affordable out of the 148 places we measured in Minnesota. By definition, that implies Bloomington ranks as the #55 most expensive place in the North Star State.
For more reading on life in Bloomington, check out:
In Minnesota
In America
Bloomington Cost Of Living Vs. Minnesota
Six factors go into calculating the cost of living index in Bloomington. Here is how it fairs on each of the criteria:
The Services index in Bloomington is 93.
The Groceries index in Bloomington is 99.
The Health index in Bloomington is 102.
The Housing index in Bloomington is 141.
The Transportation index in Bloomington is 95.
The Utilities index in Bloomington is 93.
| Living Expense | Bloomington | Minnesota | National Average | |
|---|---|---|---|---|
| Overall | 109 | 97 | 100 | |
| Services | 93 | 101 | 100 | |
| Groceries | 99 | 99 | 100 | |
| Health | 102 | 110 | 100 | |
| Housing | 141 | 100 | 100 | |
| Transportation | 95 | 95 | 100 | |
| Utilities | 93 | 94 | 100 | |
Bloomington, MN Housing Cost Breakdown
Housing swings affordability the most between places in Minnesota, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Bloomington is $358,282.
The Median Rent in Bloomington is $1,526.
The Median Income in Bloomington is $90,677.
The Home Value To Income in Bloomington is 4.0x.
The Rent To Monthly Income in Bloomington is 0.2x.
| Statistic | Bloomington | Minnesota | United States |
|---|---|---|---|
| Median Home Value | $358,282 | $344,484 | $303,400 |
| Median Rent | $1,526 | $1,235 | $1,348 |
| Median Income | $90,677 | $87,556 | $78,538 |
| Home Value To Income | 4.0x | 3.9x | 3.9x |
| Rent To Monthly Income | 0.2x | 0.17x | 0.21x |
Median Home Value
Median Rent
Median Income
Bloomington, MN Costs By Category
Detailed Bloomington Services Costs Vs. Minnesota
| Item | Bloomington | Minnesota |
|---|---|---|
| Shampoo | $1.5 | $1.28 |
| Movie | $11.32 | $12.13 |
| Bowling | $25.68 | $18 |
| Haircut | $25.86 | $24.26 |
| Beauty Salon | $37.0 | $45.56 |
Detailed Bloomington Groceries Costs Vs. Minnesota
| Item | Bloomington | Minnesota |
|---|---|---|
| Ground Beef | $5.75 | $5.84 |
| Fried Chicken | $1.4 | $1.57 |
| Milk | $4.6 | $4.67 |
| Potatoes | $4.76 | $4.93 |
| Pizza | $13.0 | $12.09 |
| Beer | $9.44 | $10.41 |
| Toothpaste | $3.62 | $3.7 |
Detailed Bloomington Health Costs Vs. Minnesota
| Item | Bloomington | Minnesota |
|---|---|---|
| Optometrist | $112.72 | $125.68 |
| Doctor | $164.15 | $135.78 |
| Dentist | $95.01 | $113.29 |
Detailed Bloomington Transportation Costs Vs. Minnesota
| Item | Bloomington | Minnesota |
|---|---|---|
| Gasoline | $3.32 | $3.46 |
| Tire Balancing | $59.91 | $59.92 |
Detailed Bloomington Utilities Costs Vs. Minnesota
| Item | Bloomington | Minnesota |
|---|---|---|
| All Electricity | $180.11 | $193.99 |
| Phone | $187.59 | $192.25 |
Bloomington SnackAbility
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Cost Of Living In Cities Around Bloomington
The cost of living varies in the cities and towns around Bloomington. Here's a quick look at the cost of living in the most populous nearby places:
Plymouth, MN has a cost of living index of 124, 1.1x Bloomington.
Woodbury, MN has a cost of living index of 122, 1.1x Bloomington.
Lakeville, MN has a cost of living index of 119, 1.1x Bloomington.
| City | Population | Cost Of Living | Vs. Bloomington |
|---|---|---|---|
| Plymouth, MN | 79,526 | 124 | 1.1x |
| Woodbury, MN | 76,945 | 122 | 1.1x |
| Lakeville, MN | 72,480 | 119 | 1.1x |
| Eagan, MN | 68,158 | 115 | 1.1x |
| Burnsville, MN | 64,295 | 112 | 1.0x |
| Eden Prairie, MN | 63,249 | 124 | 1.1x |
| Apple Valley, MN | 55,696 | 111 | 1.0x |
| Minnetonka, MN | 53,256 | 120 | 1.1x |
| Edina, MN | 53,125 | 139 | 1.3x |
| St. Louis Park, MN | 49,541 | 112 | 1.0x |
