Access to easy living

A little can go a long way when it comes to money in Bristol Virginia. From a business perspective, the location is an excellent alternative to international outsourcing – due to a lower labor rate and business-friendly environment.

Wage rates are 50 percent lower than in Northern Virginia and 20 to 25 percent less than in other urban areas in the country. And the state hasn’t raised its 6 percent corporate income tax since 1972. Virginia’s unemployment tax burden is more than 68 percent lower than the national average, and workers’ compensation insurance is among the lowest in the country.


Tax Structure Bristol, VA Bristol, TN
Property $1.05 per $100 $2.35 per $100 of assessed value
State Sales 4% State Plus 1% Local 7% State Plus 2.25% Local
Personal 6% Fed Taxable Income 6% Interest and Dividends
Corporate 6% 6.5%
Utilities 5% of monthly water and phone bill None

In Bristol, Virginia, items purchased for direct use or consumption in manufacturing are tax-exempt.