Bloomington, Indiana Income Statistics
Bloomington Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
-
F
Bloomington Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Bloomington | Indiana Avg | US Average |
|---|---|---|---|
| Median Household Income | $50,462 | $71,967 | $80,455 |
| Median Personal Income | $52,202 | $55,757 | $60,758 |
| Average Yearly Income Growth | 6.2% | 4.5% | 4.8% |
| Six-Figure Earners | 8.0% | 10.2% | 13.9% |
| $200k+ Households | 7.1% | 8.2% | 13.2% |
The median household income in Bloomington is about 30% lower than in Indiana. Income has been growing faster in Bloomington (6.2%/yr) than in Indiana (4.5%/yr).
About 8% of adults in Bloomington earn six figures ($100,000 or more) a year, lower than the Indiana average of 10%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Bloomington, Indiana grew by 97.6% from 2009 to 2024, reaching $50,462 in 2024. That's an average of about 6.2% per year.
Income Inequality and the Gender Pay Gap in Bloomington
| Metric | Bloomington | Indiana Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.644 | 0.534 | 0.552 |
| Male Median Income | $57,860 | $65,086 | $69,667 |
| Female Median Income | $51,349 | $51,220 | $56,850 |
| Gender Pay Gap | 11.3% | 21.3% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Bloomington, it is 0.644, higher than Indiana's 0.534, so income is less evenly distributed here than there, and higher than the US's 0.552, so income is less evenly distributed here than there.
Men's income is about 13% more than women's income in Bloomington, Indiana. Over a 35-year career, a 13% wage gap accumulates to roughly $227,885 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Bloomington, Indiana has narrowed from about 20% to 11% in 2024. Over that period the gap was widest at 23% in 2013, and was narrowest at 10% in 2023. In dollar terms, the gap has narrowed by $1,975 since 2009.
Employment
| Metric | Bloomington | Indiana Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.4% | 4.3% | 5.2% |
| Working from Home | 18.2% | 10.7% | 15.0% |
| Commute time (minutes) | 15 | 21 | 22 |
Approximately 2,411 people are unemployed in Bloomington, Indiana.
The average commute time in Bloomington is 15 minutes, shorter than the 21 minutes in Indiana.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Bloomington, Indiana has fallen from 7.9% to 6.4% in 2024. Over that period the rate peaked at 9.1% in 2014 and fell as low as 6.1% in 2023.
Conclusion
Considering all these factors, Bloomington, Indiana has an overall wealth index grade of F, making it somewhat worse than Indiana, and worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Bloomington, Indiana.
How Rich Is Bloomington, Indiana?
Bloomington has a wealth index grade of F. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; an F grade means residents are well below the U.S. average. The median household income is $50,462, about 30% lower than the Indiana average of $71,967.
Are incomes growing in Bloomington, Indiana?
Between 2009 and 2024, the median household income in Bloomington, Indiana rose 98%, from $25,542 to $50,462. Over the same years, income here outpaced Indiana as a whole: +98% against +52%.
What was the median household income in Bloomington in 2023?
In 2023, the median household income in Bloomington, Indiana was $48,491, up 3% from $46,866 in 2022. The Indiana median that year was $70,115.
What was the median household income in Bloomington in 2020?
In 2020, the median household income in Bloomington, Indiana was $41,182. By 2024 it had risen 23% to $50,462.
Is unemployment high in Bloomington, Indiana?
Unemployment in Bloomington, Indiana is 6.4%, well above the Indiana rate of 4.3%, so job seekers may face more competition than elsewhere.
What is the Gini coefficient in Bloomington, Indiana?
The Gini coefficient in Bloomington is 0.644. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is higher than the US average of 0.552, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in Bloomington, Indiana?
Since 2009, the income gap between men and women in Bloomington, Indiana has narrowed from about 20% to 11% in 2024. Over that period the gap was widest at 23% in 2013, and was narrowest at 10% in 2023. In dollar terms, the gap has narrowed by $1,975 since 2009.
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