Bloomington, MN vs Inver Grove Heights, MN

Bloomington, MN and Inver Grove Heights, MN have a very similar cost of living, with only a 1.7% difference in their overall index. Bloomington scores 111 while Inver Grove Heights scores 109 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Bloomington is $1,526/month compared to $1,447/month in Inver Grove Heights — a 6% difference. Interestingly, home values tell a different story: while Inver Grove Heights has cheaper rent, Bloomington actually has lower median home values ($346,200 vs $352,300).

Median household income in Bloomington is $90,677 compared to $104,055 in Inver Grove Heights (-12.9%). Inver Grove Heights 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 20.2% of their income on rent, more than the 16.7% in Inver Grove Heights.