Cost of living in Bridgeport research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Bridgeport is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Connecticut, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Bridgeport is 111, with 100 being the average.
The cost of living index in Bridgeport is 1.1x higher than the national average.
Bridgeport ranks as the #15 cheapest in Connecticut out of 55.
Bridgeport ranks as the #4,219 cheapest out of 6,412 in the US.
The median home value in Bridgeport is $194,100.
The median income in Bridgeport is $50,597.
According to the most recent data on the cost of living, Bridgeport has an overall cost of living index of 111, which is 1.1x higher than the national index of 100.
Compared to Connecticut, Bridgeport has a cost of living index that's 1.0x lower than Connecticut's index of 114.
The standard of living in Bridgeport ranks as #15 most affordable out of the 55 places we measured in Connecticut. By definition, that implies Bridgeport ranks as the #40 most expensive place in the Constitution State.
For more reading on life in Bridgeport, check out:
Six factors go into calculating the cost of living index in Bridgeport. Here is how it fairs on each of the criteria:
The Services index in Bridgeport is 117.
The Groceries index in Bridgeport is 106.
The Health index in Bridgeport is 110.
The Housing index in Bridgeport is 99.
The Transportation index in Bridgeport is 108.
The Utilities index in Bridgeport is 143.
|Living Expense||Bridgeport||Connecticut||National Average|
Housing swings affordability the most between places in Connecticut, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Bridgeport is $194,100.
The Median Rent in Bridgeport is $1,225.
The Median Income in Bridgeport is $50,597.
The Home Value To Income in Bridgeport is 3.8x.
The Rent To Monthly Income in Bridgeport is 0.29x.
|Median Home Value||$194,100||$286,700||$244,900|
|Home Value To Income||3.8x||3.4x||3.5x|
|Rent To Monthly Income||0.29x||0.18x||0.2x|
The cost of living varies in the cities and towns around Bridgeport. Here's a quick look at the cost of living in the most populous nearby places:
Shelton, CT has a cost of living index of 131, 1.2x Bridgeport.
Orange, CT has a cost of living index of 139, 1.3x Bridgeport.
Derby, CT has a cost of living index of 115, 1.0x Bridgeport.
|City||Population||Cost Of Living||Vs. Bridgeport|
|Stony Brook, NY||12,048||156||1.4x|
|Mount Sinai, NY||10,904||151||1.4x|
|Stony Brook University, NY||8,868||143||1.3x|
|Port Jefferson, NY||7,951||156||1.4x|
|Port Jefferson Station, NY||7,716||140||1.3x|
|Sound Beach, NY||7,289||129||1.2x|