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Report: Bloomington is the most expensive Indiana city to live in

Report: Bloomington is the most expensive Indiana city to live in
Posted at 4:27 PM, Jul 10, 2017
and last updated 2017-07-10 16:32:03-04

BLOOMINGTON, Ind. -- The most expensive city in Indiana to live in is Bloomington, according to a recently released report from 24/7 Wall Street.

The report looked at 2015 levels of the cost of goods and services, value of a dollar, poverty rates and household income in each of the nation's 382 metropolitan areas.

Relative to the rest of the country, Indiana is a cheaper state, with the true value of a dollar coming in at $1.10. But the most expensive city is Bloomington, the report says, due to its lower dollar value ($1.06) and high poverty rate (24.2 percent). 

 

The median household income for the city in southern Indiana was just $44,376 at the time the report looked at the statistics. 

The report did not provide stats for other cities in Indiana.

For comparison, the most expensive metro in neighboring Illinois was (not surprisingly) Chicago. The value of a dollar there is just $.96 (compared to state-wide $1), with a poverty rate of 13.3 percent and a median household income of $63,153.

The report did not cite if that cost of college tuition at IU was evaluated as part of this report ($10,534 for Indiana residents and $34,846 for non-residents, and also, that's sarcasm). 

Read the full report here.

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