Bloomington, IN vs Kokomo, IN

The cost of living difference between Bloomington, IN and Kokomo, IN is dramatic. Kokomo is 31.8% cheaper than Bloomington, a gap that translates to thousands of dollars per year in household expenses. Bloomington has a cost index of 92 while Kokomo sits at 70, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Bloomington is $1,160/month compared to $917/month in Kokomo — a 27% difference. Home values follow the same pattern: Kokomo is more affordable at $126,500 median vs $289,700.

Median household income in Bloomington is $48,918 compared to $54,195 in Kokomo (-9.7%). Kokomo offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Bloomington spend roughly 28.5% of their income on rent, more than the 20.3% in Kokomo.