Bristol, TN is a beautiful city located in the northeast corner of Tennessee. It is known for its low cost of living with 2 bedroom rent costing only $840 compared to the US average of $1,430. This makes it an attractive location for businesses and families alike. The grocery cost index in Bristol is 95 which is lower than the US average of 100, further making it a great place to live. In terms of local companies, Bristol is home to Eastman Chemical Company, Alpha Natural Resources and Pepsi-Cola Bottling Company. There are many other businesses located here that contribute to the city's economic growth and development.
Bristol has an unemployment rate of 5.4%. The US average is 6.0%.
Bristol has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 37.8%, which is higher than the US average of 33.5%.
Tax Rates for Bristol
- The Sales Tax Rate for Bristol is 9.3%. The US average is 7.3%.
- The Income Tax Rate for Bristol is 0.0%. 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 $21,859 a year. The US average is $28,555 a year.
- The Median household income of a Bristol resident is $43,638 a year. The US average is $69,021 a year.