Bridgeport is a small city in Michigan with a population of 1,409 people. Living in Bridgeport is much more affordable than elsewhere around the country as evidenced by its rent prices. The average two bedroom rent in Bridgeport is $880, compared to the US average of $1,430. Grocery costs are also lower with an index of 89 versus 100 in the US.
This small city has many attractions for visitors and locals alike. One of the main attractions is Bridgeport Speedway, where races are held throughout the summer months. There are also many recreational activities including tennis courts, playgrounds, fishing spots and 27 miles of trails for walking or biking. Some well known companies located here include Delta-Waverly Community Schools, M & M Electric Motors and Machine Company (which was founded in 1978) and Countryside Veterinary Clinic (established in 1982).
Overall Bridgeport offers much lower rental rates for both homes and groceries than the rest of the country which could be a great advantage for those looking to move to this area or visit it for leisure activities such as attending a race at Bridgeport Speedway or going on a hike at one of their trails.
Bridgeport has an unemployment rate of 6.8%. The US average is 6.0%.
Bridgeport has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 22.3%, which is lower than the US average of 33.5%.
Tax Rates for Bridgeport
- The Sales Tax Rate for Bridgeport is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Bridgeport is 4.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Bridgeport
- The average income of a Bridgeport resident is $19,651 a year. The US average is $28,555 a year.
- The Median household income of a Bridgeport resident is $35,533 a year. The US average is $69,021 a year.