Cost of Living in Bridgeport, CT
Housing
The housing market plays a significant role in determining the cost of living in Bridgeport, CT.
- Housing Index: 120.0 / 100
- Median Home Price is: $249,000
- Average Rent (2 BR Apartment): $1800 per month
- Average Rent (2 BR House): $1920 per month
Considering a move to Bridgeport, CT? The housing index of 120.0 indicates a moderately competitive market, suggesting a mixture of affordable and high-priced areas. The median home price of 249000 reflects a reasonable opportunity for homeownership compared to national averages. Rents for a 2-bedroom apartment are around 1800, while a house averages 1920. This suggests a choice between more spacious homes or renting in less crowded settings. Overall, Bridgeport seems to offer decent options for both living spaces and investment opportunities.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Bridgeport, CT.
- Electricity Price: $26 USD (median by state)
- Natural Gas Price: Data is updating (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Bridgeport, CT could entail higher utility costs. Electricity costs sit at $26, while natural gas is priced at data unavailable per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Bridgeport is a financially viable option for your relocation.