Mclean County · Illinois · Midwest · 79k residents
Bloomington, IL: economy, jobs & business costs
The site-selection read on Bloomington: labor costs, talent, corporate tax, energy, and business activity, with the Illinois median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: ACS place data; supplementary fields may use state estimates.
Average weekly wages in the surrounding labor market run $1,322/wk. Illinois's corporate income tax rate is 9.5%. Commercial electricity averages 11.8¢/kWh.
Compare Bloomington side by side
Avg. weekly wage
$1,322/wk
Corporate income tax
9.5%
Bachelor's degree or higher
48.7%
Commercial electricity
11.8¢/kWh
Economic momentum
How fast Bloomington's economy is moving, ranked against the US cities we track.
23/100
Cooling
Ranks Bloomington's residential building-permit and jobs growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| ACS median home value | $203,300 |
| Price per sq. ft. | $175 |
| Property tax rate | 2.1% |
| 1-bedroom rent | $775/mo |
| 2-bedroom rent | $1,105/mo |
| State & local income tax | 4.95% |
| Sales tax | 8.85% |
| Corporate income tax | 9.5% |
| Avg. weekly wage | $1,322/wk |
| Bachelor's degree or higher | 48.7% |
| Commercial electricity | 11.8¢/kWh |
| Businesses per 1k residents | 19.6/1k |
| Wage: Software developer | $123,320 |
| Wage: Registered nurse | $79,970 |
| Wage: General manager | $93,250 |
| Wage: Customer service | $39,120 |
| Wage: Warehouse worker | $35,030 |
| Wage: Heavy truck driver | $54,610 |
| Wage: Electrician | $79,430 |
| Wage: Retail salesperson | $31,670 |
| Cost of living index | 86 |
| Groceries index | 98 |
| Utilities | $165/mo |
| Transit pass | $75/mo |
| Gas price | $3.65/gal |
| Healthcare index | 98 |
| Childcare (per child) | $1,300/mo |
| Median household income | $77,384 |
| Unemployment rate | 4.7% |
| Population | 79k |
| Crime index | 50/100 |
| School rating | 6.3/10 |
| Walkability | 34/100 |
| Disaster risk | 87/100 |
| Avg. commute | 29 min |
| Sunny days / year | 190 days |
| July high | 84°F |
| January low | 16°F |
| Annual snowfall | — |
| Home price YoY | +2.5% |
| Home price MoM | +0.3% |
| Rent YoY | +3.1% |
| Rent MoM | +0.4% |
| Employment (jobs) YoY | -2.2% |
| Building permits YoY | -6.8% |
| Ocean coast | 699 mi |
| Big lake | 118 mi |
| Mountains | 222 mi |
| Major airport | 111 mi |
| Ski resort | 161 mi |
Popular comparisons
Nearby
- Normal, IL · 54k
- Morton, IL · 17k
- Washington, IL · 16k
- East Peoria, IL · 22k
- Pekin, IL · 32k
Similar size
- Schaumburg, IL · 77k
- Evanston, IL · 76k
- Arlington Heights, IL · 76k
- Cicero, IL · 83k
- Bolingbrook, IL · 74k
Real listings in Bloomington
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Bloomington a good place to run a business?
- Illinois's corporate income tax rate is 9.5%; average weekly wages in the surrounding labor market run $1,322/wk; commercial electricity averages 11.8¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Bloomington, IL?
- Bloomington indexes at 86 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $1,105/mo and a acs median home value of $203,300.
- How much does a house cost in Bloomington?
- The acs median home value in Bloomington is $203,300 (Census ACS estimate; individual listings vary).
- How much is rent in Bloomington?
- A two-bedroom in Bloomington rents for about $1,105/mo.