Living in Bloomington, Minnesota
Cost of living, income, home prices, rent and demographics of Bloomington · Census data 2020–2024
Bloomington has 88,665 residents with a median age of 41.1. The median household income is $93,211 (5% higher than the Minnesota median), the median home value is $361,700, the median rent is $1,561/month.
Bloomington at a glance
- Population
- 88,665
- Median age
- 41.1State: 38.8
- Median household income
- $93,211State: $89,062
- Median home value
- $361,700State: $329,300
- Median rent
- $1,561/moState: $1,280
- Homeowners
- 65.7%
- Bachelor's degree or higher
- 46.2%
- Average commute
- 21 min
Is Bloomington a good place to live?
Pros: Median household income 5% higher than the Minnesota median; an average commute of 21 minutes; a poverty rate of 9.2%.
Cons: Home values 10% higher than the state median; unemployment of 4.8%.
The weather is best in June to September.
Cost of living in Bloomington
Housing is the biggest part of the cost of living. In Bloomington the median home value is $361,700, 9% higher than the U.S. median. Renters pay a median of $1,561 per month, which is 28.5% of household income. Homeowners with a mortgage pay $2,052 a month in housing costs.
Bloomington median household income
The median household income in Bloomington is $93,211 and the income per person is $52,173. 9.2% of residents live below the poverty line (Minnesota: 9.3%).
Housing in Bloomington: homes for sale and rent
- Housing units
- 39,261
- Owner-occupied
- 65.7%
- Renter-occupied
- 34.3%
- Vacant
- 4.2%Includes seasonal homes
- Median year built
- 1972
- Average household size
- 2.32
Bloomington demographics
- Population
- 88,665
- Median age
- 41.1
- Under 18
- 20%
- 65 and older
- 20.6%
- Households
- 37,601
- Foreign-born
- 15.4%
- Veterans
- 5.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Bloomington ›
Education in Bloomington
46.2% of adults 25 and older in Bloomington have a bachelor's degree or higher (Minnesota: 39.4%), and 14.2% have a graduate or professional degree.
Jobs and commute in Bloomington
- Unemployment rate
- 4.8%State: 4.1%
- Average commute
- 21 minState: 23 min
- Work from home
- 22.3%
- Drive alone
- 63%
- Public transit
- 4.2%
- Walk to work
- 1.3%
- Homes with broadband
- 92.6%
Bloomington vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Bloomington | 88,665 | $93,211 | $361,700 | $1,561 |
| Richfield | 36,642 | $85,132 | $344,000 | $1,393 |
| Edina | 53,262 | $128,767 | $646,300 | $1,844 |
| Burnsville | 64,463 | $87,024 | $355,200 | $1,513 |
| Savage | 32,889 | $125,513 | $432,300 | $1,766 |
| Eden Prairie | 63,051 | $130,489 | $473,900 | $1,833 |
| Eagan | 68,000 | $108,690 | $397,100 | $1,679 |
| Hopkins | 18,819 | $75,234 | $375,600 | $1,468 |
| Apple Valley | 55,679 | $97,673 | $370,400 | $1,738 |
More for people moving to Bloomington
Bloomington ZIP code ›Weather and climate ›Living in Bloomington: FAQ
What is the median household income in Bloomington, MN?
The median household income in Bloomington is $93,211, 5% higher than the Minnesota median of $89,062 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Bloomington?
The median home value in Bloomington is $361,700, compared with $329,300 in Minnesota.
How much is rent in Bloomington?
The median gross rent in Bloomington is $1,561 per month, about 28.5% of household income.
Is Bloomington, MN a good place to live?
Pluses: median household income 5% higher than the Minnesota median; an average commute of 21 minutes; a poverty rate of 9.2%. Minuses: home values 10% higher than the state median; unemployment of 4.8%.
What is the median age in Bloomington?
The median age in Bloomington is 41.1 years (Minnesota: 38.8).
How long is the commute in Bloomington?
The average commute to work in Bloomington is 21 minutes; 22.3% of workers work from home.
What is the unemployment rate in Bloomington?
The unemployment rate in Bloomington is 4.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Bloomington?
46.2% of adults in Bloomington have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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