Cost of Living in Greater Bridgeport Planning Region, Connecticut

$1,482/mo
Median Monthly Rent
$397,000
Median Home Value
5% above state averageUnaffordable

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

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.

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%

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