Bristol, VA is an affordable city with a cost of living index of 94 (compared to the US average of 100). It's two bedroom rental costs are significantly lower than the US average at $850 compared to the US two bedroom rental rate of $1,430. Bristol offers a number of major employers for its residents like Sykes Enterprises, Bank of America, Merisel Manufacturing Co., and Amazon. Bristol also boasts a vibrant arts and culture scene with many performing arts venues and galleries. The local community is friendly and welcoming with plenty of outdoor activities nearby such as hiking trails, lakes, camping spots and more.
Bristol has an unemployment rate of 6.0%. The US average is 6.0%.
Bristol has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 28.7%, which is lower than the US average of 33.5%.
Tax Rates for Bristol
- The Sales Tax Rate for Bristol is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Bristol is 5.8%. 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 $20,574 a year. The US average is $28,555 a year.
- The Median household income of a Bristol resident is $43,879 a year. The US average is $69,021 a year.