Bloomfield, IN
Population 2,440 · Indiana
About Bloomfield, IN
Bloomfield is a small town located in Indiana with a population of 2,440 residents according to the latest US Census Bureau American Community Survey data. The median household income is $51,144 per year, which is 32% below the national median of $75,149. The median age of 38.4 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Bloomfield features a median home value of $108,700, which is 56% below the national median of $244,900. This makes Bloomfield one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $672, 42% below the national average of $1,163/month. Of the 1,149 total housing units, 61% are owner-occupied (599 units) and 39% are renter-occupied (390 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Bloomfield shows an unemployment rate of 7.8%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 13.5%, above the national average of 12.4%. Workers in Bloomfield have an average one-way commute time of 31 minutes.
Education & Demographics
13.0% of Bloomfield residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 1.8% White, 0.3% Hispanic or Latino, 0.0% Black or African American, and 0.1% Asian residents, with 0.8% of the population being foreign-born.
Cost of Living in Bloomfield, IN
Compared to national averages, Bloomfield has a median household income of $51,144 (32% below the national median of $75,149). Home values average $108,700, which is 56% below the national median. Monthly rent at $672 is 42% below the US average of $1,163. Within Indiana, Bloomfield's income is 26% below the state average of $69,330, and home values are 33% below the state median of $163,409.
Why Live in Bloomfield, IN?
Bloomfield offers affordable housing with a median home value of $108,700, below the US average of $244,900, and rent that’s lower than the national average at $672/month.
Potential considerations include median household income ($51,144) that falls below the national average. However, Bloomfield’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Bloomfield has a population of 2,440 with a median age of 38.4 years. Compare Bloomfield with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Bloomfield
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Winamac | 2,445 | $43,571 | $112,000 | Compare |
| Ingalls | 2,453 | $72,330 | $161,000 | Compare |
| Brooklyn | 2,410 | $60,742 | $117,800 | Compare |
| Wakarusa | 2,519 | $76,008 | $202,400 | Compare |
| New Chicago | 2,348 | $54,700 | $118,900 | Compare |
| Ferdinand | 2,346 | $74,943 | $172,700 | Compare |
| Rockville | 2,551 | $48,125 | $97,800 | Compare |
| Lapel | 2,568 | $77,563 | $201,900 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Indiana
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Bloomfield With Other Cities
Frequently Asked Questions about Bloomfield
What is the population of Bloomfield, IN?
The population of Bloomfield, IN is 2,440 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Indiana.
What is the median household income in Bloomfield?
The median household income in Bloomfield, IN is $51,144 per year, which is 32% below the national median of $75,149.
What is the median home value in Bloomfield?
The median home value in Bloomfield, IN is $108,700, which is 56% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Bloomfield?
The median monthly rent in Bloomfield, IN is $672, which is 42% below the national average of $1,163/month.
What is the unemployment rate in Bloomfield?
The unemployment rate in Bloomfield, IN is 7.8%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Bloomfield, IN a good place to live?
Bloomfield offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 2,440 and a median age of 38.4, the city appeals to a broad range of residents.
How educated is Bloomfield, IN?
13.0% of residents in Bloomfield aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Bloomfield?
Key cost-of-living indicators for Bloomfield, IN: median home value is $108,700 (56% below national), median rent is $672/month, and median household income is $51,144. The home-value-to-income ratio is 2.1x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Bloomfield?
The poverty rate in Bloomfield, IN is 13.5%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Bloomfield, IN?
Bloomfield's population is 1.8% White, 0.3% Hispanic or Latino, 0.0% Black or African American, 0.1% Asian, and 1.6% two or more races. 0.8% of residents are foreign-born.