Cost of living in Bloomington, IL — Housing, Rent & Index

The median home value in Bloomington, IL is $264,699 as of 2026-04. That places Bloomington below the US average for housing cost, with a cost index of approximately 75 versus a national baseline of 100.

Over the past 12 months, the median home value in Bloomington has climbed 2.6%, and over the past five years it has averaged +7.5% annual growth. The current price sits +0.0% from its 5-year peak in 2026-04.

Renters pay a median of $1,395 per month in Bloomington. Rents have changed +3.8% over the last year and averaged +9.1% per year over five years.

Beyond housing, day-to-day costs in Bloomington are shaped by state and local taxes, utility rates, transportation, and groceries. This page focuses on the housing component, which is the largest single line in most household budgets and the easiest to compare across cities using consistent national data.