Bristol, VA

Very Low · 55

Virginia · Population 17,024 · Updated March 2026

$775
Median Rent / Month
$44,706
Median Income
$168,700
Median Home Value
$813
Owner Costs / Month

Affordability

How far your income goes in Bristol

20.8%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in Virginia

State-level tax rates that affect your costs

5.75%
Income Tax (Top Rate)
5.3%
Sales Tax
0.8%
Property Tax Rate

Estimated Annual Costs

$9,300
Annual Rent
$2,571
State Income Tax
$1,350
Property Tax (est.)

Cost of Living Overview

Bristol is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 55 (where 100 equals the national median), Bristol residents can expect to pay median rent of $775/month while earning a median household income of $44,706/year.

The median home value in Bristol, VA is $168,700, with typical monthly owner costs around $813 including mortgage, insurance, and taxes. The median rent-to-income ratio of 20.8% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

Virginia has a moderate income tax rate of 5.75%. Combined with a 5.3% sales tax rate and 0.8% effective property tax rate, the overall tax environment is a factor in the total cost of living in Bristol.

Frequently Asked Questions

Common questions about living costs in Bristol

What is the cost of living in Bristol, VA?
The cost of living index in Bristol, VA is 55 (US average = 100). Median monthly rent is $775, median household income is $44,706/year, and the median home value is $168,700.
Is Bristol, VA affordable?
Yes, Bristol is more affordable than the national average with a cost index of 55. The rent-to-income ratio is 20.8%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Bristol, VA?
The median gross rent in Bristol, VA is $775 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $9,300.
What is the median household income in Bristol?
The median household income in Bristol, VA is $44,706 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Virginia?
Virginia has a top income tax rate of 5.75%, a sales tax of 5.3%, and an effective property tax rate of 0.8%.