Minneapolis vs Bridgeport: Cost of Living Comparison
How does the cost of living in Minneapolis, Minnesota compare to Bridgeport, Connecticut? Below is a side-by-side breakdown of housing costs, income, wages, and taxes using official government data.
Summary: Bridgeport is the more affordable city overall. Housing costs are 45% higher in Minneapolis compared to Bridgeport, while rent is 7% lower. State income tax is 9.85% in MN vs 6.99% in CT.
| Metric | Minneapolis, MN | Bridgeport, CT | Diff |
|---|---|---|---|
| Housing | |||
| Median Home Value | $328,700 | $227,200 | +44.7% |
| Median Monthly Rent | $1,267 | $1,369 | -7.5% |
| Income | |||
| Median Household Income | $76,332 | $54,440 | +40.2% |
| Per Capita Income | $48,373 | $29,506 | +63.9% |
| Taxes | |||
| State Income Tax Rate | 9.8% | 7.0% | +40.9% |
| Combined Sales Tax | 7.5% | 6.3% | +18.0% |
| Demographics | |||
| Population | 426,877 | 148,470 | +187.5% |
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 — Minneapolis
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
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
- Housing: The median home in Minneapolis costs $328,700 compared to $227,200 in Bridgeport — a 45% premium.
- Rent: Median rent is $1,267/mo in Minneapolis vs $1,369/mo in Bridgeport.
- Income: Median household income is $76,332 in Minneapolis and $54,440 in Bridgeport.
- Taxes: State income tax is 9.85% in Minnesota vs 6.99% in Connecticut.
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).