MyNeighborhood

Can you afford to live in BLOOMINGTON?

Median household income, home values and rent in BLOOMINGTON, MN — how they've changed since 2015 and how much of a typical paycheck housing takes compared with the rest of the country.

U.S. Census Bureau, American Community Survey 5-year estimates.

This story was assembled using AI and public data sources.

What it costs to live in BLOOMINGTON.

Median household income: $90,677 — +40.5% since 2015 (not adjusted for inflation)

Median gross rent: $1,526/mo — +57.2% since 2015

Median home value, 2015 to 2023

  • 2015: 216800
  • 2023: 346200

Median household income

  • BLOOMINGTON: 90677
  • Hennepin County: 96339
  • MN: 87556
  • U.S.: 78538

Median gross rent

  • BLOOMINGTON: 1526
  • Hennepin County: 1439
  • MN: 1235
  • U.S.: 1348

Share of income a typical renter spends on rent: 29.4% — U.S.: 30.2%

What it means

The typical household here earns $90,677 — notably higher than the national figure of $78,538.

The typical renter here spends 29.4% of household income on rent, below the 30% cost-burden line.

Since 2015, rent has risen faster than income here (+57.2% versus +40.5%), before adjusting for inflation.

Sources

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