@DeNovo Thank you for sharing your perspective! I've heard lots of great things from people who've done their undergrad there, and it's reassuring. I'm essentially choosing between there and the city I currently live in, so it's tempting to stick with what I know and like.
@ergative I'm in a pretty similar boat! I live in another midwest city with similar COL, and from my experience (and speaking with current students) the stipend seems perfectly livable. If Bloomington is similar, I would think $1000/mo. would be on the excessive side. Where I live, rent can start as low as $400/person (rarer) and be as high as $1000 (1 br), depending on location/condition/roommates/etc. Echoing DeNovo, I wouldn't worry too much about COL since utilities will also be low and day-to-day spending doesn't run as high either.