Economy in Bloomington
Detailed economy data — sourced from authoritative datasets and normalized for direct comparison.
Economy in Bloomington, Indiana
Bloomington's economy is robust, employing approximately 41,075 people as of 2024, with a job growth rate of 2.83% from 2023 to 2024. The largest industries driving the local economy are Finance & Insurance, Health Care & Social Assistance, and Educational Services. Major employers include State Farm Insurance, Rivian, Illinois State University, COUNTRY Financial, Carle BroMenn Hospital, and OSF St. Joseph Medical Center. The average annual salary in Bloomington was reported at $76,000 as of May 2026, with the highest paying industries being Management of Companies & Enterprises and Finance & Insurance. The unemployment rate in Bloomington was 3.9% in May 2026, which is lower than the national average.
Economy & Jobs
Top Industries
About Bloomington, Indiana
Bloomington, Illinois, is a vibrant city in McLean County, known for its strong economy, educational institutions, and a comfortable quality of life. Historically, the city's growth has been influenced by agriculture, the development of railroads, and the rise of the insurance industry, with State Farm Insurance being a prominent long-standing employer. People are drawn to Bloomington for its blend of a slower pace of life with access to good hospitals, schools, and recreational activities. The city and its adjoining community, Normal, form the fastest-growing metropolitan area in Illinois, experiencing significant population growth over the past decades.
About Indiana
Indiana, known as the "Hoosier State," offers a practical and community-oriented lifestyle with a cost of living generally below the national average. Its economy is diverse, with major industries including advanced manufacturing (automotive, steel, pharmaceuticals, medical devices), agriculture (corn, soybeans, hogs), life sciences, and logistics. The state experiences a humid continental climate, characterized by hot, muggy summers and cold, snowy winters, with spring and fall offering more moderate temperatures. Residents often value a relaxed pace of life, strong community ties, and access to outdoor activities and major metropolitan areas.