Bristol, MN is an excellent location for those who want to find affordable housing options and lower cost of living. The two bedroom rent in Bristol is $890 compared to the US average of $1,430, which makes it a great place to live. In addition, the Grocery Cost Index in Bristol is 96 versus 100 in the US - indicating that groceries are even more inexpensive in this Minnesota town.
Bristol is also known for its local businesses. Some of their most popular companies include Gopher Sport, North Risk Partners, and All-State Shredding & Recycling. Gopher Sport offers sporting goods and outdoor gear. North Risk Partners provides insurance and financial services while All-State Shredding & Recycling serves the community with secure document destruction and recycling services.
Bristol has an unemployment rate of 4.7%. The US average is 6.0%.
Bristol has seen the job market decrease by -0.6% over the last year. Future job growth over the next ten years is predicted to be 29.3%, which is lower than the US average of 33.5%.
Tax Rates for Bristol
- The Sales Tax Rate for Bristol is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Bristol is 7.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Bristol
- The average income of a Bristol resident is $24,045 a year. The US average is $37,638 a year.
- The Median household income of a Bristol resident is $65,938 a year. The US average is $69,021 a year.