Salary Needed to Live in Bridgeport as a Retiree
A retired individual (65+) needs approximately $24,430/year to live comfortably in Bridgeport, CT — including 5% savings.
Comfortable Salary
$24,430
with 5% savings
Bare Minimum
$22,733
no savings buffer
Monthly Expenses
$1,364
11% above national avg
Detailed Monthly Budget for a Retiree in Bridgeport
| Expense | Bridgeport | Nat'l Avg | Diff |
|---|---|---|---|
| 🏠 1-2BR Senior-Friendly Rent | $149 | $121 | +23% |
| 🛒 Groceries | $17 | $16 | +6% |
| ⚡ Utilities | $16 | $15 | +7% |
| 🚗 Transportation | $20 | $18 | +11% |
| 🛡️ Car Insurance | $219 | $229 | -4% |
| 🏥 Health Insurance | $57 | $58 | -2% |
| Medicare Supplement | $230 | $200 | +15% |
| Prescription Drugs | $173 | $150 | +15% |
| Internet + Phone | $138 | $120 | +15% |
| Recreation & Social | $230 | $200 | +15% |
| Home Maintenance | $115 | $100 | +15% |
| Total Monthly | $1,364 | $1,227 | +11% |
How We Calculated the Salary
Monthly expenses:$1,364
Target savings (5%):$77/mo
Monthly after-tax needed:$1,441
Effective tax rate:28%
Gross annual salary needed:$24,430
Other Household Types in Bridgeport
Related Pages
FAQ
What salary does a retiree need in Bridgeport?
A retiree needs approximately $24,430/year ($2,036/month gross) to live comfortably in Bridgeport with a 5% savings rate.
How much is rent for a retiree in Bridgeport?
A 1-2br senior-friendly in Bridgeport costs approximately $149/month, which is the largest single expense at 11% of the total budget.
Is Bridgeport affordable for a retiree?
Bridgeport is above the national average for retiree living costs, requiring 11% more salary than the US median.