Bridgeport-Stamford-Danbury, CT vs Waterbury-Shelton, CT
A 2-bedroom in Waterbury-Shelton costs $723 less per month than Bridgeport-Stamford-Danbury ($1,788 vs $2,511). Median income is $111,656 in Bridgeport-Stamford-Danbury and $86,365 in Waterbury-Shelton. That's a difference of $8,676 per year in housing costs.
Side-by-Side Comparison
| Metric | Bridgeport-Stamford-Danbury | Waterbury-Shelton |
|---|---|---|
| Studio FMR | $1,731 | $1,246 |
| 1BR FMR | $2,100 | $1,445 |
| 2BR FMR | $2,511 | $1,788 |
| 3BR FMR | $3,036 | $2,210 |
| 4BR FMR | $3,598 | $2,608 |
| Median Income | $111,656 | $86,365 |
| Rent Burden | 27% | 24.8% |
| Actual Median Rent | $1,827 | $1,288 |
| Median Home Value | $530,800 | $290,800 |
| Population | 948K | 452K |
| Renter % | 34.1% | 32.4% |
| Vacancy Rate | 6.7% | 7.1% |
| Poverty Rate | 9.4% | 10.3% |
| Min Wage | $16.35/hr | $16.35/hr |
Income Required to Afford a 2-Bedroom
Frequently Asked Questions
Waterbury-Shelton, CT is more affordable with a 2BR FMR of $1,788/mo, which is $723 less than Bridgeport-Stamford-Danbury at $2,511/mo. However, when considering local incomes, Bridgeport-Stamford-Danbury has a rent burden of 27% vs 24.8% in Waterbury-Shelton.
A 2-bedroom in Bridgeport-Stamford-Danbury, CT costs $2,511/mo at Fair Market Rent, while in Waterbury-Shelton, CT it's $1,788/mo, a difference of $723/mo or $8,676/year.
To afford a 2BR without spending more than 30% of income on rent: Bridgeport-Stamford-Danbury requires $100,440/year ($48/hr). Waterbury-Shelton requires $71,520/year ($34/hr).