Jobs & Economy in Bloomington
Detailed jobs & economy data — sourced from authoritative datasets and normalized for direct comparison.
Jobs & Economy in Bloomington, Minnesota
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
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About Bloomington, Minnesota
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 Minnesota
Minnesota, often called the "Land of 10,000 Lakes," is known for its strong sense of community, outdoor lifestyle, and "Minnesota Nice" reputation. The state boasts a diverse and highly developed economy with major industries including healthcare and medical technology, food and agriculture, manufacturing, and financial services, and is home to numerous Fortune 500 companies. While winters are long and cold with significant snowfall, summers are hot and humid, offering a wide range of seasonal activities. The cost of living in Minnesota is generally lower than the national average, with housing and utilities being particularly affordable, contributing to its high quality of life.