Bristol, MA County is an attractive location for potential renters and purchasers due to its reasonable cost of living. The average two-bedroom rent in Bristol, MA County is $1,510, which is $80 lower than the US average of $1,430. Additionally, the grocery cost index in Bristol is 107 versus 100 in the US. This makes it more affordable for families to live here.
Bristol also boasts many successful companies that contribute to its economy. The most famous company based in Bristol is Schofield Inc., which produces luxury furniture and home decor items. Other major businesses include Easton Motor Works, a leading manufacturer of electric vehicles; Rollo Burger Corporation; and Bentley & Son Co., a renowned maker of fine jewelry. All these companies make Bristol an excellent place to work and live as they provide numerous jobs for residents.
Bristol County has an unemployment rate of 7.6%. The US average is 6.0%.
Bristol County has seen the job market increase by 3.9% over the last year. Future job growth over the next ten years is predicted to be 36.7%, which is higher than the US average of 33.5%.
Tax Rates for Bristol County
- The Sales Tax Rate for Bristol County is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Bristol County is 5.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Bristol County
- The average income of a Bristol County resident is $29,173 a year. The US average is $28,555 a year.
- The Median household income of a Bristol County resident is $74,290 a year. The US average is $69,021 a year.