Bridgeport cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexBridgeportConnecticutNational
Cost of living index117128100
IndexBridgeportConnecticutNational
Goods & Services index126123100
Groceries index122125100
Health care index115117100
Housing index106144100
Transportation index100105100
Utilities index132130100
The above illustration supplies generalized information for the Bridgeport, CT cost of living index. Compared to other cities in Connecticut and cities across the country, the cost of living index in Bridgeport, CT is 117, which is 9% lower than the Connecticut average and 17% higher than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Bridgeport, CT are 2% higher than the average for Connecticut and 26% higher than the rest of the country.

Did you know?

  • The cost of living in Bridgeport is 9% lower than the Connecticut average.
  • The cost of living in Bridgeport is 17% higher than the national average.
  • The cost of housing in Bridgeport is 6% higher than the national average.
  • Connecticut general sales tax is 25% higher than the national average.
  • Connecticut state income tax is 35% higher than the national average.

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Salary Calculator

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Use the salary calculator to compare your current income in Bridgeport, CT to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Bridgeport, CT, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Bridgeport, CT salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$66,689$5,557$1,556$2,001
Renters$26,998$2,250$630$810
The affordability of the housing market in Bridgeport, CT as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Bridgeport, CT homeowners, the median income is $66,689. This indicates that a monthly maximum of $1,556 should be spent by homeowners on all housing related costs. Renters have a median income of $26,998. This indicates that renters should have a maximum of $630 used for their rent related monthly costs.

Connecticut Sales Tax

StateGeneral Sales TaxWith Max Surtax
Connecticut6.35%6.35%

Connecticut Income Tax

StateIncome Tax (Low)Income Tax (High)
Connecticut3%6.7%
When you are determining the total cost of living in Bridgeport, CT you will want to make sure you consider both the Connecticut sales tax and the Connecticut income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in Connecticut is 6.35%, with the highest surtax being 6.35%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in Connecticut have a range from 3% to 6.7%.

Goods & Services

ItemBridgeportNational avg.Difference
Haircut $20.00$14.5937.0%
Beauty Salon $67.50$34.6894.6%
Toothpaste $4.04$2.4763.3%
Shampoo $0.88$1.0213.9%
Movie $14.75$9.8749.5%
Bowling $7.94$4.3980.8%

Groceries

ItemBridgeportNational avg.Difference
Ground Beef $3.99$4.4810.9%
Fried Chicken $1.04$1.4629.0%
Milk $2.26$2.364.1%
Potatoes $3.92$3.0628.0%
Pizza $10.00$9.248.2%
Beer $9.82$8.6313.8%

Health Care

ItemBridgeportNational avg.Difference
Optometrist $111.67$99.7811.9%
Doctor $123.75$105.0317.8%
Dentist $110.00$88.7024.0%
Ibuprofen $10.33$9.419.8%
Lipitor $299.00$298.500.2%

Housing

ItemBridgeportNational avg.Difference
Home Price $176,000.00$175,700.000.2%
Avg. Mortgage Payment $2,127.00$1,081.0396.8%
Apartment Rent $1,098.00$920.0019.3%

Transportation

ItemBridgeportNational avg.Difference
Gasoline $2.06$2.091.5%
Tire Balancing $47.99$45.296.0%

Utilities

ItemBridgeportNational avg.Difference
All Electricity$262.56$170.8053.7%
Phone $29.01$28.262.7%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
New Haven, CT130,55311919%
West Haven, CT55,29012121%
Derby, CT12,83712121%
Ansonia, CT19,12812222%
Stratford, CT52,09212727%
Bridgeport, CT146,68011717%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Alexandria, VA146,42214646%
Paterson, NJ146,34111919%
Torrance, CA147,18116565%
Cary, NC146,04111616%
Sunnyvale, CA145,92118989%
Bridgeport, CT146,68011717%
Source: The Bridgeport, CT cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.