Grand Rapids vs Bridgeport: Cost of Living Comparison

How does the cost of living in Grand Rapids, Michigan compare to Bridgeport, Connecticut? Below is a side-by-side breakdown of housing costs, income, wages, and taxes using official government data.

Summary: Grand Rapids is the more affordable city overall. Housing costs are 10% lower in Grand Rapids compared to Bridgeport, while rent is 17% lower. State income tax is 4.25% in MI vs 6.99% in CT.

MetricGrand Rapids, MIBridgeport, CTDiff
Housing
Median Home Value$203,900$227,200-10.3%
Median Monthly Rent$1,138$1,369-16.9%
Income
Median Household Income$61,634$54,440+13.2%
Per Capita Income$32,371$29,506+9.7%
Taxes
State Income Tax Rate4.3%7.0%-39.2%
Combined Sales Tax6.0%6.3%-5.5%
Demographics
Population198,096148,470+33.4%

Source: U.S. Census Bureau ACS 5-Year Estimates (2022), Freddie Mac Primary Mortgage Market Survey. State/local tax rates from Tax Foundation (2024).

Rent vs. Buy Calculator — Grand Rapids

Monthly Mortgage (P&I)
$1,018
Property Tax
$187/mo
Insurance
$59/mo
Total Monthly Cost to Own
$1,265
Renting saves $127/mo
Based on $1,138/mo rent vs $1,265/mo ownership cost. Does not include equity buildup, maintenance, or tax deductions.

Default home price from Census ACS median. Mortgage rate: 6.38% (Freddie Mac PMMS, March 2026). Property tax est. 1.1%, insurance est. 0.35% of home value annually.

Rent vs. Buy Calculator — Bridgeport

Monthly Mortgage (P&I)
$1,135
Property Tax
$208/mo
Insurance
$66/mo
Total Monthly Cost to Own
$1,409
Renting saves $40/mo
Based on $1,369/mo rent vs $1,409/mo ownership cost. Does not include equity buildup, maintenance, or tax deductions.

Default home price from Census ACS median. Mortgage rate: 6.38% (Freddie Mac PMMS, March 2026). Property tax est. 1.1%, insurance est. 0.35% of home value annually.

Key Takeaways

Methodology

This comparison uses data from the U.S. Census Bureau American Community Survey 5-Year Estimates (2022) for median household income, median home value, median gross rent, per capita income, and population. State and local tax rates are sourced from the Tax Foundation. Mortgage rates are from the Freddie Mac Primary Mortgage Market Survey (updated weekly).

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