Bridgeport, CT

Average · 94

Connecticut · Population 148,012 · Updated March 2026

$1,405
Median Rent / Month
$56,584
Median Income
$252,400
Median Home Value
$1,475
Owner Costs / Month

Affordability

How far your income goes in Bridgeport

29.8%
Rent-to-Income Ratio
Moderate
Rent takes 25-35% of median income — moderate affordability.

Tax Burden in Connecticut

State-level tax rates that affect your costs

6.99%
Income Tax (Top Rate)
6.35%
Sales Tax
2.15%
Property Tax Rate

Estimated Annual Costs

$16,860
Annual Rent
$3,955
State Income Tax
$5,427
Property Tax (est.)

Cost of Living Overview

Bridgeport offers a below-average cost of living, giving residents more purchasing power compared to many US cities. With a cost index of 94 (where 100 equals the national median), Bridgeport residents can expect to pay median rent of $1,405/month while earning a median household income of $56,584/year.

The median home value in Bridgeport, CT is $252,400, with typical monthly owner costs around $1,475 including mortgage, insurance, and taxes. With a rent-to-income ratio of 29.8%, Bridgeport falls within the generally affordable range, though it's approaching the 30% burden threshold.

Connecticut has a moderate income tax rate of 6.99%. Combined with a 6.35% sales tax rate and 2.15% effective property tax rate, the overall tax environment is a factor in the total cost of living in Bridgeport.

Frequently Asked Questions

Common questions about living costs in Bridgeport

What is the cost of living in Bridgeport, CT?
The cost of living index in Bridgeport, CT is 94 (US average = 100). Median monthly rent is $1,405, median household income is $56,584/year, and the median home value is $252,400.
Is Bridgeport, CT affordable?
Yes, Bridgeport is more affordable than the national average with a cost index of 94. The rent-to-income ratio is 29.8%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Bridgeport, CT?
The median gross rent in Bridgeport, CT is $1,405 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $16,860.
What is the median household income in Bridgeport?
The median household income in Bridgeport, CT is $56,584 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Connecticut?
Connecticut has a top income tax rate of 6.99%, a sales tax of 6.35%, and an effective property tax rate of 2.15%.

Compare Bridgeport With

Similar-sized cities to compare

Rockford, IL
Index: 57 · Pop: 147,649
Pomona, CA
Index: 143 · Pop: 148,391
Savannah, GA
Index: 84 · Pop: 147,546
Mesquite, TX
Index: 89 · Pop: 148,848
Denton, TX
Index: 100 · Pop: 146,987
Pasadena, TX
Index: 76 · Pop: 149,345