Bloomington is considered moderately expensive in 2025, with average rent for a 2-bedroom apartment at $1,750 and slightly higher grocery and heating costs compared to national averages.
Imagine this: Sarah, a young professional, has just accepted a job offer in Bloomington, Minnesota. Excited about the opportunity but mindful of her finances, she begins researching the cost of living in her new city. Like many newcomers, Sarah wants to understand what it truly takes to live comfortably in Bloomington in 2025.
As Sarah discovers, Bloomington’s living costs are moderately high compared to the national average. However, with careful budgeting and an understanding of local expenses, she can navigate the city’s financial landscape and make the most of her new home. Let’s take a closer look at the key factors that shape the cost of living in Bloomington.
Housing Costs in Bloomington
Housing is often the largest expense for Bloomington residents. In 2025, the typical rent for a 2-bedroom apartment in the city ranges from $1,600 to $1,900 per month, with an average of around $1,750. Prices can vary depending on the neighborhood and property type:
- Apartments in central locations like Penn Avenue tend to be pricier, often exceeding $1,800/month.
- More affordable options can be found in areas like East Bloomington, where rent may dip closer to $1,600/month.
- Townhomes and single-family rentals typically cost $1,900 to $2,300 monthly.
For those looking to purchase a home, the median price for a 3-bedroom house in Bloomington is approximately $350,000. However, prices can climb above $400,000 in sought-after neighborhoods like Normandale or Hyland Greens. It’s important to factor in additional costs like property taxes and HOA fees, which are common in many Bloomington communities.
Utilities and Energy Bills
Bloomington residents can expect to pay around $150 to $250 per month for basic utilities like electricity, gas, water, and trash. These costs may fluctuate seasonally, with higher heating bills during Minnesota’s chilly winters. Here’s a rough breakdown of typical monthly utility expenses:
| Utility | Estimated Monthly Cost |
|---|---|
| Electricity | $80 – $120 |
| Gas | $50 – $80 |
| Water & Sewer | $30 – $50 |
| Trash & Recycling | $20 – $30 |
Groceries and Daily Expenses
Bloomington’s grocery costs are slightly higher than the national average. A single person can expect to spend around $350 to $450 per month on food, while a family of four may budget $900 to $1,100. These figures include a mix of grocery shopping and occasional dining out.
To put this into perspective, a gallon of milk in Bloomington typically costs $3.50 to $4.00, a loaf of bread is around $2.50, and a dozen eggs are about $2.00. Dining out can add up quickly, with a meal at a mid-range restaurant averaging $15 to $25 per person.
Taxes and Hidden Fees
Minnesota’s progressive income tax rates range from 5.35% to 9.85% in 2025. Bloomington’s property tax rate is around 1.2%, which translates to approximately $4,200 annually for a $350,000 home. Sales tax in the city is 7.525%, combining the state rate of 6.875% with a local 0.65% tax.
Many Bloomington neighborhoods have HOA fees, which can range from $100 to $400 per month. These fees often cover amenities like community pools, fitness centers, and landscaping services.
Monthly Budget Snapshot
To summarize, here’s a sample monthly budget for living in Bloomington (based on gross monthly income, before taxes):
| Household | Estimated Monthly Budget |
|---|---|
| Single Person | $3,000 – $3,500 |
| Couple | $4,500 – $5,000 |
| Family of Four | $6,000 – $7,000 |
Keep in mind that these figures are general estimates and may vary based on individual lifestyle choices and circumstances.
Lifestyle Considerations
While Bloomington’s living costs are higher than some other parts of the country, the city offers a high quality of life. Residents enjoy access to excellent schools, abundant parks and trails, and a thriving job market. The city’s location also provides easy access to Minneapolis and St. Paul, expanding career and entertainment opportunities.
However, it’s important to consider the tradeoffs that come with living in Bloomington. Commute times can be lengthy during peak hours, and the cost of living may limit housing options for some. Newer homes with modern amenities often come with a higher price tag, while more affordable options may require compromises on space or updates.
Frequently Asked Questions
- Q: Is Bloomington an affordable place to live?
A: Bloomington is moderately expensive compared to the national average, but it’s possible to live comfortably with careful budgeting and planning. - Q: How much do I need to earn to live in Bloomington?
A: A single person may need a gross monthly income of $3,000 to $3,500, while a family of four may require $6,000 to $7,000. - Q: Are taxes high in Bloomington?
A: Minnesota has progressive income tax rates, and Bloomington’s property taxes are around 1.2% of assessed value. Sales tax is 7.525%. - Q: How do living costs in Bloomington compare to nearby cities?
A: Bloomington is generally less expensive than Minneapolis but pricier than some outer suburbs. Housing costs are a key differentiator. - Q: What’s the job market like in Bloomington?
A: Bloomington has a strong economy with major employers in healthcare, retail, and hospitality. The city’s proximity to Minneapolis and St. Paul opens up even more job opportunities. - Q: Are there ways to save on living costs in Bloomington?
A: Choosing a smaller home or a neighborhood further from the city center can help reduce housing costs. Being mindful of utility usage and shopping for deals on groceries and household items can also lead to savings. - Q: What’s the best way to manage a move to Bloomington?
A: Planning ahead is key to a successful move. Start by creating a budget, researching neighborhoods, and exploring moving company options. Begin the process early to avoid last-minute stress and expenses.
As Sarah navigates her new life in Bloomington, she’ll undoubtedly encounter both challenges and opportunities. By understanding the true cost of living and making informed financial decisions, she can build a fulfilling life in this vibrant Minnesota city.