Bloomington, Minnesota 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.
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B
Bloomington Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Bloomington | Minnesota Avg | US Average |
|---|---|---|---|
| Median Household Income | $93,168 | $89,852 | $80,455 |
| Median Personal Income | $70,953 | $67,028 | $60,758 |
| Average Yearly Income Growth | 4.1% | 4.4% | 4.8% |
| Six-Figure Earners | 17.5% | 15.1% | 13.9% |
| $200k+ Households | 14.1% | 13.8% | 13.2% |
The median household income in Bloomington is about 4% higher than in Minnesota. Income has been growing slower in Bloomington (4.1%/yr) than in Minnesota (4.4%/yr).
About 18% of adults in Bloomington earn six figures ($100,000 or more) a year, higher than the Minnesota average of 15%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Bloomington, Minnesota grew by 56.3% from 2009 to 2024, reaching $93,168 in 2024. That's an average of about 4.1% per year.
Income Inequality and the Gender Pay Gap in Bloomington
| Metric | Bloomington | Minnesota Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.503 | 0.507 | 0.552 |
| Male Median Income | $81,140 | $74,898 | $69,667 |
| Female Median Income | $70,076 | $62,922 | $56,850 |
| Gender Pay Gap | 13.6% | 16.0% | 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 0.503, about the same as Minnesota's 0.507, so income here is about as evenly distributed as there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 16% more than women's income in Bloomington, Minnesota. Over a 35-year career, a 16% wage gap accumulates to roughly $387,240 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, Minnesota has narrowed from about 22% to 14% in 2024. Over that period the gap was narrowest at 12% in 2019. In dollar terms, the gap has narrowed by $613 since 2009.
Employment
| Metric | Bloomington | Minnesota Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.8% | 4.1% | 5.2% |
| Working from Home | 22.3% | 17.6% | 15.0% |
| Commute time (minutes) | 18 | 20 | 22 |
Approximately 2,399 people are unemployed in Bloomington, Minnesota.
The average commute time in Bloomington is 18 minutes, shorter than the 20 minutes in Minnesota.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Bloomington, Minnesota has fallen from 7.5% to 4.8% in 2024. Over that period the rate peaked at 8.0% in 2012 and fell as low as 3.4% in 2019.
Bloomington, MN Wealth Compared With Nearby Cities
Bloomington, MN is the largest of the 6 cities compared here, 88,700 residents against a local median of 49,539. Bloomington, MN sits close to the middle of its own neighbourhood. No measure below is more than 15% off the local median, so the choice between these cities turns on things this data does not capture.
The largest of those small differences is income growth, 9% below the local median at 4.1%/yr against 4.5%/yr. Bloomington, MN has the 4th highest income growth of the 6 areas compared here.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Bloomington, MN | 88,700 | $93,168 #4/6 | 4.1%/yr #4/6 | 4.8% #3/6 | 0.503 #6/6 |
| Richfield, MN | 36,485 | $84,491 | 5.4%/yr | 5.3% | 0.477 |
| Burnsville, MN | 64,463 | $86,818 | 3.5%/yr | 5.0% | 0.499 |
| Edina, MN | 53,267 | $132,585 | 4.5%/yr | 3.9% | 0.483 |
| Savage, MN | 32,874 | $126,034 | 3.1%/yr | 5.3% | 0.482 |
| St. Louis Park, MN | 49,539 | $101,436 | 4.9%/yr | 3.2% | 0.447 |
Conclusion
Considering all these factors, Bloomington, Minnesota has an overall wealth index grade of B, making it somewhat better than Minnesota, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Bloomington, Minnesota.
How Rich Is Bloomington, Minnesota?
Bloomington has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $93,168, about 4% higher than the Minnesota average of $89,852.
Are incomes growing in Bloomington, Minnesota?
Between 2009 and 2024, the median household income in Bloomington, Minnesota rose 56%, from $59,605 to $93,168. Over the same years, income here kept pace with Minnesota as a whole: +56% against +57%.
What was the median household income in Bloomington in 2023?
In 2023, the median household income in Bloomington, Minnesota was $90,223, up 3% from $87,625 in 2022. The Minnesota median that year was $88,324.
What was the median household income in Bloomington in 2020?
In 2020, the median household income in Bloomington, Minnesota was $78,725. By 2024 it had risen 18% to $93,168.
What is the Gini coefficient in Bloomington, Minnesota?
The Gini coefficient in Bloomington is 0.503. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Bloomington, Minnesota?
Since 2009, the income gap between men and women in Bloomington, Minnesota has narrowed from about 22% to 14% in 2024. Over that period the gap was narrowest at 12% in 2019. In dollar terms, the gap has narrowed by $613 since 2009.
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