Bridgeport, IL is a small town in the US state of Illinois. It has a population of just over 4,500 people according to the most recent census. The cost of living in Bridgeport is quite affordable when compared to other towns in the region. The average two bedroom rent for a home or apartment in Bridgeport is $710 per month, while the national average is $1,430. Grocery costs in Bridgeport are also below the national average with an index of 91 versus 100 in the US overall.
The local economy is mainly supported by local businesses such as JB Welding and HVAC Services, The Pizza Place, and Main Street Florists. These businesses offer products and services that help make life easier and more enjoyable for residents of Bridgeport. With its low cost of living and access to local businesses no matter what your needs may be, Bridgeport can be a great place to call home.
Bridgeport has an unemployment rate of 6.4%. The US average is 6.0%.
Bridgeport has seen the job market decrease by -6.0% over the last year. Future job growth over the next ten years is predicted to be 21.7%, which is lower than the US average of 33.5%.
Tax Rates for Bridgeport
- The Sales Tax Rate for Bridgeport is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Bridgeport is 5.0%. 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 $28,658 a year. The US average is $37,638 a year.
- The Median household income of a Bridgeport resident is $49,038 a year. The US average is $69,021 a year.