The Bridgeport-Stamford-Norwalk, CT Metro Area is a combination of three distinct cities located in Fairfield County. It is home to many major employers such as Xerox, Pitney Bowes, SIKA Corporation, and Oce North America. The region also offers a wide variety of cultural activities and attractions. While the cost of living in this area is higher than the national average, it still remains affordable. The average two bedroom rent in Bridgeport-Stamford-Norwalk, CT Metro Area is $2,100 per month compared to the national average of $1,430 per month. The Grocery Cost Index for Bridgeport-Stamford-Norwalk, CT Metro Area is 108 versus 100 in the US., indicating that grocery prices are slightly higher than the national average. Despite its cost of living being above average, Bridgeport-Stamford-Norwalk provides an array of possibilities for both citizens and visitors alike.
Bridgeport-Stamford-Norwalk Metro Area has an unemployment rate of 8.4%. The US average is 6.0%.
Bridgeport-Stamford-Norwalk Metro Area has seen the job market decrease by -0.3% over the last year. Future job growth over the next ten years is predicted to be 26.5%, which is lower than the US average of 33.5%.
Tax Rates for Bridgeport-Stamford-Norwalk Metro Area
- The Sales Tax Rate for Bridgeport-Stamford-Norwalk Metro Area is 6.4%. The US average is 7.3%.
- The Income Tax Rate for Bridgeport-Stamford-Norwalk Metro Area is 5.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Bridgeport-Stamford-Norwalk Metro Area
- The average income of a Bridgeport-Stamford-Norwalk Metro Area resident is $49,688 a year. The US average is $28,555 a year.
- The Median household income of a Bridgeport-Stamford-Norwalk Metro Area resident is $101,194 a year. The US average is $69,021 a year.