About 7% of Bloomington workers commute 45 minutes or more, so vehicle costs weigh on many household budgets. If a personal loan is on your list, compare total cost rather than monthly payment, check the written APR and fees, and make sure the lender is licensed in Minnesota before sharing details.
On this page
- Bloomington in numbers
- What Bloomington residents do for work
- Age, schooling and housing in Bloomington
- Unemployment near Bloomington
- Monthly budget benchmarks in Bloomington
- Loan lessons from the Bloomington figures
- Where Bloomington ranks
- Bloomington and its neighbors
- Local background
- When Bloomington residents look at loans
- Checklist for Bloomington borrowers
- More nearby
- Frequently asked questions
Bloomington in numbers
All figures here are ACS 2020 to 2024 five-year estimates for the city of Bloomington. They are estimates with margins of error, and they say nothing about any one household.
What Bloomington residents do for work
Employment among Bloomington residents centers on education and health care (23%), with professional, scientific and administrative services (14%) and manufacturing (12%) next. What sets Bloomington apart is manufacturing, at 12% of workers where the typical place in our set has 9%. Which industry you work in changes the paperwork a lender will ask for, so ask what documents they accept before you apply.
A median hides the edges. The ACS counts 15% of Bloomington households under $35,000 and 46% at $100,000 or higher, with 14% above $200,000. Across our U.S. city set, the typical place sits at 20% under $35,000 and 39% at $100,000 or more.
Age, schooling and housing in Bloomington
Residents of Bloomington have a median age of 41.1; 46% of adults 25 and older have at least a bachelor's degree, and 7% did not finish high school. Against our U.S. city medians (37.2 years, 37% with a degree), Bloomington runs older and above the typical education level. Age and schooling describe a place. A lender reads your own file.
By structure type, 53% of Bloomington housing units are detached single-family homes and 34% are in buildings with five or more units. For the U.S. city set as a whole, the middle is 61% detached and 22% multifamily.
Unemployment near Bloomington
Hennepin County recorded 4.7% unemployment in September 2026 by the BLS county series (preliminary, not seasonally adjusted), up 0.9 points from 3.8% a year earlier. The city's own ACS rate, averaged over five years, is 4.8%.
Monthly budget benchmarks in Bloomington
Divide the median income of $93,211 by twelve and a Bloomington household has about $7,768 a month before taxes. Rent at the median ($1,561) uses 20% of that; 30% would be $2,330. Many lenders also look at total monthly debt payments as a share of gross income; 36% is a widely cited benchmark, worth about $2,796 a month at the median, though each lender sets its own limit. Home prices sit near 3.9x the median household's annual income.
Loan lessons from the Bloomington figures
In Bloomington, just 7% of workers commute 45 minutes or longer. Lower vehicle wear can leave more room in the budget.
Working from home is common in Bloomington (22% of workers), higher than in most of our U.S. city set. Remote workers and the self-employed should expect lenders to verify income carefully, so keep pay stubs, contracts or tax returns ready.
The median home in Bloomington dates from 1972, older than in most of the 784 U.S. city places we cover. Older homes mean roofs, plumbing, electrical and HVAC work come due, and home improvement loans are common.
Where Bloomington ranks
Ranked against 784 U.S. city places, Bloomington shows a median household income of $93,211 (274th of 784, top down), a median gross rent of $1,561 (376th of 784, top down), and a median home value of $361,700 (352nd of 784, top down). Ranks like these are a snapshot that changes each release.
For scale, look at two Minnesota places of similar size: Plymouth ($136,534 income, $1,766 rent), where Bloomington runs 32% below on income and 12% below on rent and Eagan ($108,690 income, $1,679 rent), where Bloomington runs 14% below on income and 7% below on rent.
Bloomington and its neighbors
The 8 closest Census places of 2,500 people or more, measured center to center, with the rent gap against Bloomington's median of $1,561.
| Place | Miles away | Population | Median income | Median rent | Rent vs Bloomington |
|---|---|---|---|---|---|
| Richfield | 3 mi | 36,642 | $85,132 | $1,393 | -$168 |
| Edina | 5 mi | 53,262 | $128,767 | $1,844 | +$283 |
| Burnsville | 5 mi | 64,463 | $87,024 | $1,513 | -$48 |
| Savage | 5 mi | 32,889 | $125,513 | $1,766 | +$205 |
| Eden Prairie | 7 mi | 63,051 | $130,489 | $1,833 | +$272 |
| Eagan | 8 mi | 68,000 | $108,690 | $1,679 | +$118 |
| Hopkins | 8 mi | 18,819 | $75,234 | $1,468 | -$93 |
| Apple Valley | 8 mi | 55,679 | $97,673 | $1,738 | +$177 |
5 of these 8 places have a higher median household income than Bloomington, and 3 have lower median rent. The cheapest median rent here is Richfield's $1,393, the steepest is Edina's $1,844, and Eden Prairie leads on income at $130,489. Moving a few miles can change a budget more than a lower APR does, so run your numbers with the rent you actually pay.
Local background
Bloomington is a Hennepin County city south of Minneapolis and home to the Mall of America, the largest mall in the United States. Hospitality, retail and corporate offices near the airport are large employers.
When Bloomington residents look at loans
When income depends on tips and shifts, a fixed payment can be risky. If you work in Bloomington's hospitality sector, test a loan payment against your thinnest month on the DTI calculator.
Checklist for Bloomington borrowers
- Check your state's financial regulator for the lender's license, and use the CFPB complaint portal if something goes wrong.
- Refuse any upfront fee. Real lenders take fees out of the loan or bill them later; the scam guide shows the common pitches.
- Ask a credit union or nonprofit counselor first. A hardship plan may cost nothing (free options).
- Stress-test the payment: could you still make it after one bad month?
- Put the payment through the DTI calculator before you apply anywhere. Lenders set their own limits.
More nearby
- Personal loans in Plymouth, MN
- Personal loans in Eden Prairie, MN
- Personal loans in Edina, MN
- Personal loans in Minnetonka, MN
- Personal loans in Eagan, MN
- Personal loans in St. Paul, MN
Frequently asked questions
Does commuting from Bloomington change how much I should borrow?
It can. 7% of Bloomington workers spend 45 minutes or more getting to work, and every mile adds gas and wear. Leave room for a repair bill before committing to a payment, and favor a shorter term.
How do lenders treat seasonal or tipped income in Bloomington?
They usually count only what you can document, often from tax returns and bank statements. Gather several months of records, and size the loan against your slower months.
Will my Bloomington address affect my match?
No. Everyone answers the same questions and is screened on the same objective points: amount, credit range, income and payments. Lenders make their own decisions under fair-lending law.
Where do I file a complaint about a lender in Bloomington?
Two places cover most problems: the state regulator for Minnesota and the Consumer Financial Protection Bureau online. Scam demands for an upfront fee go to ReportFraud.ftc.gov.