Cost of Living in Bridgeport-Stamford-Danbury, CT

How far does a $70,000 salary go in Bridgeport-Stamford-Danbury? Estimated income taxes on that gross salary total approximately $10,341 per year — combining federal taxes with Connecticut's state income tax. Subtract rent for a 2-bedroom apartment ($2,511/month based on HUD Fair Market Rents for the Bridgeport-Stamford-Danbury metro area) and the estimated annual take-home is $29,527, or roughly $2,461 per month for everything else: food, transportation, savings, and discretionary spending.

The Bridgeport-Stamford-Danbury metro has a cost of living index of 144.2 according to the Bureau of Economic Analysis Regional Price Parities (national average = 100). At 44% above average, Bridgeport-Stamford-Danbury is a noticeably expensive metro — groceries, services, and everyday purchases cost more than in most of the country.

At a $70,000 salary, the estimated 2-bedroom rent in Bridgeport-Stamford-Danbury represents approximately 43% of gross income. That is well above what most financial advisors recommend, indicating that Bridgeport-Stamford-Danbury is a financial stretch at a $70,000 salary without roommates or a higher-earning household.