Cost of Living in Bloomington, MN
Population 88,838 · Minnesota · Data vintage 2023
(100 = US avg)
The Bloomington cost-of-living profile is closer to the US median than most headline-grabbing metros — typical homes around $346,000, rents near $1,526 a month.
Bloomington sits roughly 10 miles south of Minneapolis — close enough that regional housing and labor patterns are shaped largely by the larger market. Housing prices track closely with Minneapolis' $346,000 median.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Bloomington
The median home value in Bloomington is $346,200 — 14% above the national median of $305,000. Median rent runs $1,526/month, 16% higher than the national median of $1,314/month. The median household income of $90,677/year is 22% higher than the US median of $74,580. The local unemployment rate is 4.5%, below the national average of 4.8%. Minnesota's top state income tax rate is 9.8% and the combined sales tax is 7.4%. Overall, Bloomington has a cost of living index of 115 versus the US average of 100, meaning it is 15% more expensive.
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Bloomington, MN?
Bloomington has a cost index of 115 (100 = national average). It is 15% above the national average.
What is average rent in Bloomington, MN?
The median gross rent in Bloomington is $1,526 per month based on 2023 Census data.
What is the average home price in Bloomington?
The median home value in Bloomington is $346,200 according to Zillow and Census data.
What is the median income in Bloomington?
The median household income in Bloomington is $90,677 per year (2023 ACS 5-year estimates).
What is the sales tax in Bloomington, MN?
The combined state and local sales tax rate in Bloomington is 7.4%. The Minnesota state income tax top rate is 9.8%.
Is Bloomington, MN affordable?
Bloomington is above average in cost of living, with an index of 115 — about 15% higher than the national average.
Bloomington at a Glance
- Population
- 88,838
- Median Income
- $90,677
- Home Value
- $346,200
- Median Rent
- $1,526/mo
- Unemployment
- 4.5%
- Sales Tax
- 7.4%
Nearby Cities
Explore county-level cost of living data
Minnesota Rankings
Similar Cost Cities
Cities in other states with comparable housing costs