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.
IndexBridgeportMichiganNational
Cost of living index8289100
IndexBridgeportMichiganNational
Goods & Services index9695100
Groceries index9092100
Health care index9996100
Housing index4973100
Transportation index9897100
Utilities index105100100
The above illustration supplies generalized information for the Bridgeport, MI cost of living index. Compared to other cities in Michigan and cities across the country, the cost of living index in Bridgeport, MI is 82, which is 8% lower than the Michigan average and 18% lower 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, MI are 1% higher than the average for Michigan and 4% lower than the rest of the country.

Did you know?

  • The cost of living in Bridgeport is 8% lower than the Michigan average.
  • The cost of living in Bridgeport is 18% lower than the national average.
  • The cost of housing in Bridgeport is 51% lower than the national average.
  • Michigan general sales tax is 18% higher than the national average.
  • Michigan state income tax is 91% higher than the national average.

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Compare Bridgeport, MI Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current income in Bridgeport, MI 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, MI, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Bridgeport, MI 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$44,320$3,693$1,034$1,330
Renters$20,714$1,726$483$621
A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Bridgeport, MI, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Bridgeport, MI has a median income of about $44,320 for people who own homes. Based on that number, a person should spend a maximum of $1,034 on expenses related to housing. Renters have a slightly different median income, which is $20,714. Based on this average, renters should spend no more than $483 on all of their rental costs if they want to maintain a non-impoverished standard of living.

Michigan Sales Tax

StateGeneral Sales TaxWith Max Surtax
Michigan6%6%

Michigan Income Tax

StateIncome Tax (Low)Income Tax (High)
Michigan4.25%4.25%
The Michigan sales tax and Michigan income tax rates should definitely be considered when determining the overall cost of living in Bridgeport, MI. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The Michigan sales tax is 6% and the maximum surtax is 6%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The Michigan income tax rates range from 4.25% to 4.25%.

Goods & Services

ItemBridgeportNational avg.Difference
Haircut $16.10$14.5910.3%
Beauty Salon $48.30$34.6839.3%
Toothpaste $1.94$2.4721.6%
Shampoo $0.89$1.0212.9%
Movie $9.93$9.870.6%
Bowling $3.41$4.3922.4%

Groceries

ItemBridgeportNational avg.Difference
Ground Beef $4.26$4.484.8%
Fried Chicken $1.19$1.4618.7%
Milk $1.97$2.3616.4%
Potatoes $2.74$3.0610.5%
Pizza $9.00$9.242.6%
Beer $8.39$8.632.8%

Health Care

ItemBridgeportNational avg.Difference
Optometrist $81.50$99.7818.3%
Doctor $106.00$105.030.9%
Dentist $89.30$88.700.7%
Ibuprofen $8.22$9.4112.7%
Lipitor $309.77$298.503.8%

Housing

ItemBridgeportNational avg.Difference
Home Price $71,900.00$175,700.0059.1%
Avg. Mortgage Payment $927.72$1,081.0314.2%
Apartment Rent $619.00$920.0032.7%

Transportation

ItemBridgeportNational avg.Difference
Gasoline $1.95$2.096.9%
Tire Balancing $50.92$45.2912.4%

Utilities

ItemBridgeportNational avg.Difference
All Electricity$178.99$170.804.8%
Phone $29.99$28.266.1%
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.
Robin Glen-Indiantown, MI89475-25%
Buena Vista, MI6,30279-21%
Saginaw, MI50,70080-20%
Burt, MI1,09582-18%
Clio, MI2,60182-18%
Bridgeport, MI6,61582-18%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Folcroft, PA6,6151077%
Madison Park, NJ6,61612121%
Northborough, MA6,61314040%
Barnesville, GA6,61790-10%
Aztec, NM6,61999-1%
Bridgeport, MI6,61582-18%
Source: The Bridgeport, MI cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.