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Bloomington, IL Employment Information
Bloomington, Illinois Overview
Bloomington, Illinois has over 76,000 residents and that number has increased by nearly 17 percent in the last 15 years. Bloomington offers a comfortable small-town feel but has plenty of businesses to provide stable jobs to qualified candidates. Both Illinois State University and Illinois Wesleyan University are located in Bloomington, so there are quite a few college students coming in and out throughout the year.
The climate in Bloomington has a wide range of temperatures, from warm and humid in the summer months to cold and snowy during the winter. The city sits within McLean County and is home to an annual Shakespeare Festival that brings in a large number of tourists. Cost of living is 8.6 percent lower than the national average and residents have some of the shortest commutes in the country. The average household in Bloomington earns nearly $60,000 per year and the median home price is just over $153,000.
Bloomington, Illinois Job Opportunities
State Farm has its headquarters in Bloomington and it is the largest employer in the city with many jobs available for those who want to work in insurance services. Mitsubishi Motors also has a manufacturing plant in the area. Other top industries that help keep the economy strong include financial services and agriculture.
Bloomington, Illinois Employment Trends
The unemployment rate in Bloomington is at nearly 7 percent, which is higher than the national average. The job growth has also seen a slight downturn in the recent past, but the annual job growth in the future is predicted to show 1.2 percent increases. High-tech employment should also improve by nearly 4 percent and household incomes are projected to increase by 1 percent each year. More than 40 percent of residents have college degrees so the job market may also be more competitive than in other areas of the state.