Cost of Living in Bridgeport, CT

With a cost of living index of 98, Bridgeport, CT is right around the national average in cost. Living here is 2% cheaper than the national average and 27% below the Connecticut state average of 125. As a major city with a population of 148,012, Bridgeport offers a wide range of housing options, employment opportunities, and urban amenities.

Housing costs are the biggest factor in Bridgeport's cost of living. The median monthly rent is $1,405 (7% above the US median of $1,319), and the median home value sits at $252,400 (17% below the national median of $304,900). At current prices, the median home costs roughly 4.5x the median household income — a moderately affordable ratio by today's standards.

The median household income in Bridgeport is $56,584, which is 25% lower than the national median of $75,149. Residents spend roughly 30% of household income on rent. This is near the 30% threshold that financial experts generally consider the upper limit of affordability.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.