Bloomington, MN vs Shakopee, MN

Bloomington, MN and Shakopee, MN have a very similar cost of living, with only a 0.3% difference in their overall index. Bloomington scores 111 while Shakopee scores 111 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 $1,495/month in Shakopee — a 2% difference. Interestingly, home values tell a different story: while Shakopee has cheaper rent, Bloomington actually has lower median home values ($346,200 vs $361,400).

Median household income in Bloomington is $90,677 compared to $110,989 in Shakopee (-18.3%). While Shakopee is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Bloomington spend roughly 20.2% of their income on rent, more than the 16.2% in Shakopee.