Cost of Living in Greater Bridgeport Planning Region, Connecticut

$1,482/mo
Median Monthly Rent
$397,000
Median Home Value

At a Glance

Median Monthly Rent
$1,482/mo
5% above state average
Median Home Value
$397,000
41% above national
Rent-to-Income Ratio
34.0%
% of income spent on rent

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating
Unaffordable
Rent over 50% of income

How Greater Bridgeport Planning Region Compares

Median monthly rent comparison

Greater Bridgeport Planning Region$1,482/mo
Connecticut Average$1,409/mo
National Median$1,163/mo

Detailed Housing Stats

$1,482/mo
Median Gross Rent
$397,000
Median Home Value
$2,158/mo
Monthly Owner Cost
34.0%
Rent-to-Income Ratio

National Ranking

Affordability Rank

Greater Bridgeport Planning Region ranks #3,087 of 3,144 counties for affordability (bottom 2%)

Most AffordableLeast Affordable

Data Story

About Cost of Living in Greater Bridgeport Planning Region, Connecticut

Bridgeport region strains under housing costs

Greater Bridgeport's rent-to-income ratio of 20.4% exceeds the national affordability ceiling, meaning renters here dedicate significantly more of their paychecks to housing than the sustainable 30% threshold allows. With median income at $87,135—still above the national median of $74,755—the region still faces tighter constraints than most U.S. markets.

Among Connecticut's least affordable counties

Greater Bridgeport ranks among the state's most expensive regions for renters, with a 20.4% rent-to-income ratio well above Connecticut's 18.1% average. At $1,482 per month, median rent here is $73 higher than the statewide average, reflecting regional cost pressures.

Priciest option in southwest Connecticut

Greater Bridgeport's $1,482 monthly rent tops both its western neighbor (Naugatuck Valley at $1,288) and its southern neighbor (South Central at $1,463 is nearly identical). This region commands premium prices within its subregion.

Housing gobbles larger income share

A Greater Bridgeport household earning $87,135 spends approximately $17,812 annually on rent (20.4%) or $25,896 on mortgage costs for a median home valued at $397,000—the highest home price among all eight regions. Housing consumes a noticeably larger slice of the budget here than state averages.

Premium housing market for relocators

Greater Bridgeport appeals to higher-earning professionals willing to pay for proximity and urban amenities, but budget-conscious movers should compare it against neighboring regions like Naugatuck Valley or Northeastern Connecticut for significantly lower costs.

Cost of Living Advisory: Greater Bridgeport Planning Region

Affordability Verdict

Greater Bridgeport Planning Region offers affordable rental housing at a median of $1,482/month — about 20.4% of the typical household income here.

Rent vs. Own

At $1,482/month rent versus $2,158/month in owner costs, renting is roughly $676/month cheaper — a 31% difference.

Income Needed

To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $59,280/year. For owner costs at the 28% rule, the required income is roughly $92,486/year. With a median household income of $87,135, most households can comfortably afford rent here. Notably, 34.0% of renter households in Greater Bridgeport Planning Region are cost-burdened, spending more than 30% of income on housing.

Regional Context

Greater Bridgeport Planning Region sits 6% more expensive than Lower Connecticut River Valley Planning Region ($1,399/month) in terms of median gross rent.

Affordability Calculator

See how your income compares to housing costs in Greater Bridgeport Planning Region

$

Rent Burden

20.4%

of gross income

Max Housing (28% Rule)

$2,033

per month

Owner Cost Burden

29.7%

of gross income

The median home in Greater Bridgeport Planning Region may be a stretch

Median home value is $397,000. Estimated monthly cost: $3,169 vs. your max of $2,033.

Rent Affordability Guide

Your rent-to-income ratio20.4%
Recommended max30.0%

Income Needed Calculator

See how much you need to earn to comfortably afford housing

$
Rent Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $87,135Needed: $59,280
Owner Cost Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? No
Your income: $87,135Needed: $92,486
Mortgage Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? No
Your income: $87,135Needed: $92,393

Based on the 30% rule for rent and 28% rule for housing costs (mortgage + owner costs). Mortgage estimate assumes 20% down, 7.2% interest, 30-year fixed.

Frequently Asked Questions

What is the cost of living in Greater Bridgeport Planning Region, Connecticut?
Greater Bridgeport Planning Region, Connecticut has a median monthly rent of $1,482/mo and a median home value of $397,000. The affordability rating is Unaffordable, with rent making up approximately 34.0% of median household income.
What is the median rent in Greater Bridgeport Planning Region?
The median gross rent in Greater Bridgeport Planning Region is $1,482/mo. This is 5% above state average for Connecticut.
Is Greater Bridgeport Planning Region affordable?
Greater Bridgeport Planning Region is rated Unaffordable based on rent-to-income ratio of 34.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Greater Bridgeport Planning Region's rent compare to the state average?
Greater Bridgeport Planning Region's median rent of $1,482/mo is 5% above state average of $1,409/mo for Connecticut.
What is the median home value in Greater Bridgeport Planning Region?
The median home value in Greater Bridgeport Planning Region, Connecticut is $397,000. This is 41% above the national median home value of $281,900.

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By Logan Johnson, Founder & Data EditorUpdated Reviewed by Logan Johnson, Founder & Data Editor

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.

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