Cost of Living in Bloomington, MN
Population: 88,838 • 2026 Data
$90,677
Median Household Income
+17% vs national
$1,526
Median Monthly Rent
+13% vs national
$346,200
Median Home Value
+2% vs national
4.5%
Unemployment Rate
Housing in Bloomington
The median home value in Bloomington, MN is $346,200. Monthly rent for a typical unit averages $1,526, while total monthly housing costs (including utilities and insurance) average $1,522.
Rent-to-income ratio: 20.2%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Bloomington, MN is $90,677. The unemployment rate stands at 4.5%, with a labor force of 50,456 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.