Economy in Bridgeport, CT

Bridgeport, Connecticut is a vibrant and diverse city located in Fairfield County. It is known for its manufacturing industry and home to many large companies such as People's United Bank, Nestle Waters North America, and The Barnum Museum. Bridgeport also has many unique attractions including the Beardsley Zoo, Seaside Park Beach, and the historic Captain's Cove Seaport. Despite being one of the largest cities in Connecticut, Bridgeport offers affordable housing with two bedroom rents averaging around $1,640 compared to the national average of $1,430. The grocery cost index in Bridgeport is 101 versus 100 in the US which shows that you can get more bang for your buck while shopping. With its well-developed industries and low cost of living it makes Bridgeport an appealing place to live.

Bridgeport has an unemployment rate of 13.2%. The US average is 6.0%.

Bridgeport 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 21.9%, which is lower than the US average of 33.5%.

Tax Rates for Bridgeport
- The Sales Tax Rate for Bridgeport is 6.4%. The US average is 7.3%.
- The Income Tax Rate for Bridgeport 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
- The average income of a Bridgeport resident is $20,442 a year. The US average is $28,555 a year.
- The Median household income of a Bridgeport resident is $50,597 a year. The US average is $69,021 a year.