Bloomfield, IA
Population 2,723 · Iowa
About Bloomfield, IA
Bloomfield is a small town located in Iowa with a population of 2,723 residents according to the latest US Census Bureau American Community Survey data. The median household income is $61,679 per year, which is 18% below the national median of $75,149. The median age of 39.2 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 $122,600, which is 50% 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 $918, 21% below the national average of $1,163/month. Of the 1,148 total housing units, 68% are owner-occupied (742 units) and 32% are renter-occupied (351 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Bloomfield shows an unemployment rate of 6.7%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 7.7%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Bloomfield have an average one-way commute time of 22.2 minutes.
Education & Demographics
23.4% 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 3.0% White, 3.6% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 1.7% of the population being foreign-born.
Cost of Living in Bloomfield, IA
Compared to national averages, Bloomfield has a median household income of $61,679 (18% below the national median of $75,149). Home values average $122,600, which is 50% below the national median. Monthly rent at $918 is 21% below the US average of $1,163. Within Iowa, Bloomfield's income is 9% below the state average of $67,947, and home values are 7% below the state median of $132,237.
Why Live in Bloomfield, IA?
Bloomfield offers affordable housing with a median home value of $122,600, below the US average of $244,900, and rent that’s lower than the national average at $918/month, and a low poverty rate of 7.7%, better than the national average. Additionally, the city features short commute times averaging just 22.2 minutes.
Potential considerations include median household income ($61,679) 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 2,723 with a median age of 39.2 years. Compare Bloomfield with other cities to see how it stacks up, or explore all cities in Iowa.
Similar Cities Near Bloomfield
Cities in Iowa with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Missouri Valley | 2,685 | $64,844 | $126,500 | Compare |
| Kalona | 2,679 | $72,766 | $221,300 | Compare |
| Belmond | 2,678 | $58,750 | $110,800 | Compare |
| Hawarden | 2,674 | $69,375 | $132,700 | Compare |
| Clarion | 2,775 | $58,702 | $107,600 | Compare |
| Postville | 2,787 | $47,281 | $100,300 | Compare |
| Rock Rapids | 2,653 | $61,679 | $207,700 | Compare |
| Grundy Center | 2,794 | $77,540 | $173,200 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Iowa
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, IA?
The population of Bloomfield, IA is 2,723 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Iowa.
What is the median household income in Bloomfield?
The median household income in Bloomfield, IA is $61,679 per year, which is 18% below the national median of $75,149.
What is the median home value in Bloomfield?
The median home value in Bloomfield, IA is $122,600, which is 50% 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, IA is $918, which is 21% below the national average of $1,163/month.
What is the unemployment rate in Bloomfield?
The unemployment rate in Bloomfield, IA is 6.7%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Bloomfield, IA a good place to live?
Bloomfield offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 2,723 and a median age of 39.2, the city appeals to a broad range of residents.
How educated is Bloomfield, IA?
23.4% 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, IA: median home value is $122,600 (50% below national), median rent is $918/month, and median household income is $61,679. The home-value-to-income ratio is 2.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Bloomfield?
The poverty rate in Bloomfield, IA is 7.7%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Bloomfield, IA?
Bloomfield's population is 3.0% White, 3.6% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 1.7% of residents are foreign-born.