Cost of living in Bristol research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Bristol is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Tennessee, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Bristol is 83, with 100 being the average.
The cost of living index in Bristol is 0.8x lower than the national average.
Bristol ranks as the #31 cheapest in Tennessee out of 105.
Bristol ranks as the #491 cheapest out of 6,412 in the US.
The median home value in Bristol is $139,900.
The median income in Bristol is $43,638.
According to the most recent data on the cost of living, Bristol has an overall cost of living index of 83, which is 0.8x lower than the national index of 100.
Compared to Tennessee, Bristol has a cost of living index that's 0.9x lower than Tennessee's index of 90.
The standard of living in Bristol ranks as #31 most affordable out of the 105 places we measured in Tennessee. By definition, that implies Bristol ranks as the #74 most expensive place in the Volunteer State.
For more reading on life in Bristol, check out:
Six factors go into calculating the cost of living index in Bristol. Here is how it fairs on each of the criteria:
The Services index in Bristol is 96.
The Groceries index in Bristol is 98.
The Health index in Bristol is 93.
The Housing index in Bristol is 63.
The Transportation index in Bristol is 83.
The Utilities index in Bristol is 86.
Living Expense | Bristol | Tennessee | National Average | |
---|---|---|---|---|
Overall | 83 | 90 | 100 | |
Services | 96 | 93 | 100 | |
Groceries | 98 | 96 | 100 | |
Health | 93 | 88 | 100 | |
Housing | 63 | 82 | 100 | |
Transportation | 83 | 90 | 100 | |
Utilities | 86 | 93 | 100 |
Housing swings affordability the most between places in Tennessee, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Bristol is $139,900.
The Median Rent in Bristol is $702.
The Median Income in Bristol is $43,638.
The Home Value To Income in Bristol is 3.2x.
The Rent To Monthly Income in Bristol is 0.19x.
Statistic | Bristol | Tennessee | United States |
---|---|---|---|
Median Home Value | $139,900 | $193,700 | $244,900 |
Median Rent | $702 | $951 | $1,163 |
Median Income | $43,638 | $58,516 | $69,021 |
Home Value To Income | 3.2x | 3.3x | 3.5x |
Rent To Monthly Income | 0.19x | 0.2x | 0.2x |
The cost of living varies in the cities and towns around Bristol. Here's a quick look at the cost of living in the most populous nearby places:
Kingsport, TN has a cost of living index of 85, 1.0x Bristol.
Bristol, VA has a cost of living index of 84, 1.0x Bristol.
Elizabethton, TN has a cost of living index of 87, 1.0x Bristol.
City | Population | Cost Of Living | Vs. Bristol |
---|---|---|---|
Kingsport, TN | 55,019 | 85 | 1.0x |
Bristol, VA | 16,996 | 84 | 1.0x |
Elizabethton, TN | 14,112 | 87 | 1.0x |
Bloomingdale, TN | 8,759 | 81 | 1.0x |
Abingdon, VA | 8,350 | 87 | 1.0x |