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Cost of Living in Bridgeport, CT

Population 149,153 · Census ACS 2020–2024 5-year estimates

Median rent$1,450
Median home value$274,900
Median household income$58,685

The median rent in Bridgeport, CT is $1,450/month, 3% lower than the Connecticut median and 3% higher than the U.S. median. The median home value is $274,900, 17% lower than the national median. Households earn a median of $58,685 a year, 39% lower than the state median.

Affordability

Rent as a share of median income: 29.6%
Income needed for median rent (30% rule): $58,000/yr
Home price-to-income ratio: 4.7×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $1,390/mo

Run your own numbers: mortgage calculator · hourly to salary

Bridgeport vs. Connecticut vs. U.S.

BridgeportConnecticutU.S.
Median rent$1,450$1,488$1,413
Median home value$274,900$366,900$332,700
Median household income$58,685$95,781$80,734
Homeownership rate42.8%66.5%65.2%
Bachelor's degree or higher23.4%42.5%35.7%
Poverty rate21.0%10.0%12.5%
Unemployment rate9.0%5.6%5.2%
Work from home7.6%16.0%15.1%
Median age36.741.138.9

FAQ

What is the average rent in Bridgeport, CT?

The median gross rent in Bridgeport, CT is $1,450 per month (ACS 2020–2024 5-year estimate).

How much do I need to earn to live in Bridgeport, CT?

Using the common 30% rule, renting a median-priced home takes about $58,000 a year in gross income.

Is Bridgeport, CT expensive to live in?

Rent there is 3% higher than the U.S. median, and the median home costs about 4.7 times the median household income.

Other cities in Connecticut

Stamford, CTRent $2,276 · Income $111,586New Haven, CTRent $1,488 · Income $56,851Hartford, CTRent $1,269 · Income $46,411Waterbury, CTRent $1,225 · Income $51,886Norwalk, CTRent $2,073 · Income $107,616Danbury, CTRent $1,846 · Income $83,393

Cities with a similar cost of living

Hayesville, ORRent $1,435 · Income $58,624University CDP (Orange County), FLRent $1,445 · Income $59,852Yucca Valley, CARent $1,428 · Income $59,563Haltom City, TXRent $1,415 · Income $59,057Newburgh, NYRent $1,454 · Income $56,960Tavares, FLRent $1,496 · Income $58,886

Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

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