Cost Of Living in Bristol 2024

cost of living chart - average monthly expenditure in Bristol

Average monthly spending for singles, couples, students, and families in Bristol

Whether you're living in Bristol or planning to move there, it is very important to know the cost of living and the prices of things. Here we list the average spending for the four main population groups.

Average Monthly Expenditure

Currency: USD
330 4,400 44,000
MINIMUM AVERAGE MAXIMUM

Monthly Expenditure ▶ Single

Currency: USD
430 3,000 20,000
MINIMUM AVERAGE MAXIMUM

Monthly Expenditure ▶ Couple

Currency: USD
1,700 5,000 27,000
MINIMUM AVERAGE MAXIMUM

Monthly Expenditure ▶ Family

Currency: USD
2,300 6,700 44,000
MINIMUM AVERAGE MAXIMUM

Monthly Expenditure ▶ Student

Currency: USD
330 2,200 14,000
MINIMUM AVERAGE MAXIMUM
The figures displayed here are inclusive of everything: housing, travel, groceries, healthcare, etc.

Singles

The average monthly expense for a single person living in Bristol is 3,000 USD. Expenses can range from 430 USD at the minimum level to 20,000 USD at the highest end.


Couples

The average monthly spending of couples in Bristol is 5,000 USD. Expenditure can range from 1,700 USD to 27,000 USD per month.


Families

The average cost of living for families in Bristol is 6,700 USD per month. Families spend anywhere from 2,300 USD to 44,000 USD.


Students

The average monthly expenditure for students in Bristol is 2,200 USD. Students spend from 330 USD to 14,000 USD per month.


Spending behavior can change drastically from one person to another. It is best to consider the minimum, average, and maximum spending together.



Prices and cost of goods and services in Bristol


Chart showing the prices and cost of grocery, food, restaurant meals, market, and beverages in Bristol

Dining, food, and beverages costs


Fast food combo meal

5.9 USD 12 USD 20 USD
MINIMUM AVERAGE MAXIMUM

Restaurant meal for one

18 USD 27 USD 53 USD
MINIMUM AVERAGE MAXIMUM

Fine dining meal for one

36 USD 53 USD 210 USD
MINIMUM AVERAGE MAXIMUM

Cappuccino or latte

4.9 USD 7.9 USD 12 USD
MINIMUM AVERAGE MAXIMUM

Grocery and market costs


Milk large bottle

3.9 USD 4.7 USD 5.9 USD
MINIMUM AVERAGE MAXIMUM

12 eggs

3 USD 3.9 USD 5.9 USD
MINIMUM AVERAGE MAXIMUM

Fresh whole chicken

6.7 USD 8.7 USD 12 USD
MINIMUM AVERAGE MAXIMUM

Pack of beef

7.9 USD 12 USD 24 USD
MINIMUM AVERAGE MAXIMUM

Medium bag of rice

3.2 USD 4.3 USD 6.2 USD
MINIMUM AVERAGE MAXIMUM

Bag of tomatos

1.2 USD 1.6 USD 3 USD
MINIMUM AVERAGE MAXIMUM

Bag of apples

2.1 USD 2.8 USD 4.5 USD
MINIMUM AVERAGE MAXIMUM
Chart showing the prices and cost of commute, travel, and transportation in Bristol

Commute, travel, and transportation costs


20 minutes taxi ride

4.5 USD 5.3 USD 11 USD
MINIMUM AVERAGE MAXIMUM

Average car full tank

30 USD 39 USD 79 USD
MINIMUM AVERAGE MAXIMUM

Average car 1-day rental

24 USD 32 USD 48 USD
MINIMUM AVERAGE MAXIMUM

Average car price

15,000 USD 30,000 USD 39,000 USD
MINIMUM AVERAGE MAXIMUM

Bus ticket one way

0.80 USD 1.2 USD 2.4 USD
MINIMUM AVERAGE MAXIMUM

Car Service

32 USD 48 USD 95 USD
MINIMUM AVERAGE MAXIMUM
Chart showing the prices and cost of utility, energy, water, and gas for a family in Bristol

Utility cost (monthly)


Utility Bill - Individual

26 USD 180 USD 1,200 USD
MINIMUM AVERAGE MAXIMUM

Utility Bill - Couple

67 USD 230 USD 1,500 USD
MINIMUM AVERAGE MAXIMUM

Utility Bill - Family

120 USD 330 USD 2,200 USD
MINIMUM AVERAGE MAXIMUM

Internet and cable

30 USD 59 USD 79 USD
MINIMUM AVERAGE MAXIMUM

Mobile phone charges

24 USD 39 USD 120 USD
MINIMUM AVERAGE MAXIMUM

Leisure and activities costs


Movie ticket

15 USD 20 USD 30 USD
MINIMUM AVERAGE MAXIMUM

One month gym membership

38 USD 48 USD 95 USD
MINIMUM AVERAGE MAXIMUM
Chart showing the prices and cost of clothing and accessories in Bristol

Cloths and accessories costs


Pair of jeans or pants

28 USD 40 USD 60 USD
MINIMUM AVERAGE MAXIMUM

Woman dress

27 USD 37 USD 120 USD
MINIMUM AVERAGE MAXIMUM

Woman shoes

25 USD 34 USD 80 USD
MINIMUM AVERAGE MAXIMUM

Men's shoes

22 USD 27 USD 53 USD
MINIMUM AVERAGE MAXIMUM

Men suit

24 USD 30 USD 160 USD
MINIMUM AVERAGE MAXIMUM

Regular t-shirt

12 USD 16 USD 48 USD
MINIMUM AVERAGE MAXIMUM
Chart showing the prices and cost of housing, accommodation, and rent in Bristol

Housing costs / monthly rent


Studio apartment

400 USD 600 USD 1,600 USD
MINIMUM AVERAGE MAXIMUM

1-bedroom apartment

600 USD 950 USD 2,400 USD
MINIMUM AVERAGE MAXIMUM

2-bedroom apartment

800 USD 1,200 USD 3,200 USD
MINIMUM AVERAGE MAXIMUM

Housing costs / Buying


Studio apartment

80,000 USD 120,000 USD 240,000 USD
MINIMUM AVERAGE MAXIMUM

1-bedroom apartment

95,000 USD 160,000 USD 600,000 USD
MINIMUM AVERAGE MAXIMUM

2-bedroom apartment

160,000 USD 480,000 USD 950,000 USD
MINIMUM AVERAGE MAXIMUM
Chart showing the prices and cost of furniture in Bristol

Furniture Costs


King Size Bed

590 USD 740 USD 990 USD
MINIMUM AVERAGE MAXIMUM

Double Bed

390 USD 590 USD 740 USD
MINIMUM AVERAGE MAXIMUM

Single Bed

350 USD 450 USD 590 USD
MINIMUM AVERAGE MAXIMUM

Living Room

660 USD 840 USD 3,000 USD
MINIMUM AVERAGE MAXIMUM

Dining Table

300 USD 390 USD 740 USD
MINIMUM AVERAGE MAXIMUM

Sofa or Couch

390 USD 540 USD 1,200 USD
MINIMUM AVERAGE MAXIMUM
Chart showing the prices and cost of electronic devices and appliances in Bristol

Electronics and House Appliance Costs


TV Set

390 USD 590 USD 1,200 USD
MINIMUM AVERAGE MAXIMUM

Fridge or Freezer

350 USD 540 USD 740 USD
MINIMUM AVERAGE MAXIMUM

Washing Machine

450 USD 660 USD 1,200 USD
MINIMUM AVERAGE MAXIMUM

Stove or Cooker

420 USD 540 USD 740 USD
MINIMUM AVERAGE MAXIMUM

Mobile Phone

490 USD 590 USD 840 USD
MINIMUM AVERAGE MAXIMUM

Laptop or Computer

540 USD 660 USD 1,200 USD
MINIMUM AVERAGE MAXIMUM

Expenditure to Income Ratio in Bristol

One of the most definite ways to determine how affordable a place is measuring the ratio of expenses to salary. A high expense-to-income to ratio indicates a high cost-of-living index while a low expenditure-to-salary ratio means the place is affordable to live in.

Cost of living and expenditure to income ratio in Bristol

Spending to Income Ratio

64%

56% to 72%

( expenditure / income ) x 100


Expense to income distribution levels

Spending To Income Ratio% People
< 50%6%
50% - 60%11%
60% - 70%18%
70% - 80%26%
80% - 90%16%
90% - 100%9%
100% - 110%5%
110% - 120%3%
120% - 130%2%
130% - 140%2%
> 140%1%

Interpretation and Analysis

The average spending-to-salary ratio in Bristol is 64% This means that on average, people spend around 64% of their income for living. According to the distribution table, 18% of the population spend approximately 60% to 70% of their income every month.


How can spending be more than income?

A value higher than 100% means that the expenditure of those people is higher than their income. They are spending more than what they earn. This is possible in two scenarios. They are either borrowing from their savings to survive or they are borrowing from other sources (relatives, friends, banks, etc.). More about this in the debt section.



Individual
57%
Spending-Income-Ratio
51%
64%

Couple
60%
Spending-Income-Ratio
54%
68%

Family
67%
Spending-Income-Ratio
59%
75%
Distribution of monthly cost of living expenses in Bristol

How do people spend their money in Bristol?

We asked thousands of people about their spending habits and expenditure breaks. Below are their answers.

The percentage figures in this section are percentages of total spending not income. If you would like to see the percentage of expenses as related to income or salary, see other sections.

Housing Expenditure26%

26% of total expenses on average (15% to 34%)

LOW100 USD
AVERAGE1,300 USD
HIGH13,000 USD
Per Month

People living in Bristol typically spend from 15% to 34% of their total monthly expenditure on housing with 26% being the average. The average spend on housing is 1,300 USD with expenditure ranging from 100 USD to 13,000 USD. This cost mainly goes for rent but it also includes other accommodation-related expenses. Housing costs are highest for families and lowest for students as expected.

Utilities, Electricity, Water, Internet, Mobile7%

7% of total expenses on average (4% to 11%)

LOW17 USD
AVERAGE220 USD
HIGH2,200 USD
Per Month

Utility expenditure like electricity, water, and gas in Bristol ranges from 4% to 11% of total expenses with 7% being the average. The average monthly cost of utilities is 220 USD with 17 USD and 2,200 USD being the upper and lower limits.

Transport, Fuel, Commute8%

8% of total expenses on average (4% to 12%)

LOW33 USD
AVERAGE440 USD
HIGH4,400 USD
Per Month

Fuel consumption and cost of transport depend heavily on whether you live near your work or school, but roughly speaking you would expect to spend from 33 USD to 4,400 USD on commuting with 440 USD being the norm for most people in one month. This means that money spent on transport constitutes about 8% of total spending on average but can go as low as 4% or as high as 12%.

Food and Groceries Cost27%

27% of total expenses on average (19% to 33%)

LOW84 USD
AVERAGE1,100 USD
HIGH11,000 USD
Per Month

The average outlay on groceries in a month in Bristol is 1,100 USD. The cost of groceries can range between 84 USD to 11,000 USD. People spend on average about 27% on food and groceries with upper and lower bounds of 19% and 33% respectively.

Healthcare and Medical Services9%

9% of total expenses on average (4% to 12%)

LOW23 USD
AVERAGE300 USD
HIGH3,000 USD
Per Month

People in Bristol allocate 4% to 12% of their total monthly expenditure to healthcare including health insurance and out-of-pocket medical expenses. The average spending is around 9%. The range of medical expenses range from 23 USD to 3,000 USD with 300 USD being the norm.

Leisure and Shopping5%

5% of total expenses on average (3% to 9%)

LOW13 USD
AVERAGE170 USD
HIGH1,700 USD
Per Month

This category mostly contains discretionary or non-essential expenses but also some non-discretionary spending like furniture for example. The monthly expenses range from 13 USD to 1,700 USD with 170 USD being the average. Speaking of percentages, that equates to 3% to 9% of total expenses with an average of 5% for most residents.

Education and Schooling6%

6% of total expenses on average (4% to 12%)

LOW20 USD
AVERAGE260 USD
HIGH2,600 USD
Per Month

Spending on education can vary drastically between different people. While working singles can spend 0% on education, families and students' expenditure can reach up to 22%. On average, education constitutes 6% of the monthly expenditure with 4% and 12% being the lower and upper bounds respectively. The average reported education cost is 260 USD per month with 20 USD being the minimum spent amount and 2,600 USD being the maximum.

Other Expenses12%

12% of total expenses on average (7% to 19%)

LOW44 USD
AVERAGE570 USD
HIGH5,700 USD
Per Month
Percentage of people who manage to save money from their income every month in Bristol

How much money can you save in Bristol every month?

We asked thousands of people what percentage of their income can they save in a month. Below are the answers.


What percentage of people in Bristol manage to save money from their income every month?


Saving Money
56%
Not Saving
44%

Almost 56% of the surveyed people in Bristol said that they can save some money at the end of each month while 44% said that aren't saving anything.


Percentage of people saving money by population group in Bristol

GroupSaversNon Savers
Singles60%40%
Couples56%44%
Families52%48%

Savings-to-Income Ratio

The savings-to-income ratio is measured as the percentage of income that people save over a specific period and it is simply calculated by dividing the saved money by total income and then multiplying the result by 100. (Savings / Income) x 100.


Savings to income ratio in Bristol

Saving to Income Ratio

11% 19% of income 27%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

140 USD 1,900 USD 19,000 USD
MINIMUM AVERAGE MAXIMUM

For most people, 11% to 27% of their monthly income is what they can allocate to their savings, with 19% being the average. The amount of money that people can save is approximately 1,900 USD on average with savings ranging from 140 USD to 19,000 USD.

60% of surveyed singles reported some of their income going to savings while 56% of couples said the same. 52% of families confirmed their ability to save money.


How much money do people actually save in Bristol?

The amount of money that people can afford to save depends hugely on their income. It is better to focus on the percentage when trying to understand saving patterns.


Singles

Saving to Income Ratio

14% 22% of income 29%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

140 USD 1,300 USD 8,500 USD
MINIMUM AVERAGE MAXIMUM

Savings to income distribution levels for singles

Saving To Income Ratio% Singles
0% - 10%29%
10% - 20%23%
20% - 30%16%
30% - 40%16%
40% - 50%12%
> 50%4%

Interpretation and Analysis

Singles who can afford to save reported that they allocate from 14% to 29% of their monthly income to savings, with 22% being the average for most singles. The average amount of money that singles are able to save is 1,300 USD with 140 USD and 8,500 USD being the minimum and maximum respectively.


Couples

Saving to Income Ratio

12% 21% of income 28%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

710 USD 2,100 USD 11,000 USD
MINIMUM AVERAGE MAXIMUM

Savings to income distribution levels for couples

Saving To Income Ratio% Couples
0% - 10%33%
10% - 20%25%
20% - 30%19%
30% - 40%11%
40% - 50%9%
> 50%3%

Interpretation and Analysis

Couples who confirmed their ability to save reported saving equivalent to 12% to 28% of their monthly income, with 21% being the average for most couples. The average amount of money that couples can save is 2,100 USD with 710 USD and 11,000 USD being the minimum and maximum respectively.


Families

Saving to Income Ratio

10% 18% of income 25%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

1,000 USD 2,800 USD 19,000 USD
MINIMUM AVERAGE MAXIMUM

Savings to income distribution levels for families

Saving To Income Ratio% Families
0% - 10%36%
10% - 20%28%
20% - 30%20%
30% - 40%8%
40% - 50%6%
> 50%2%

Interpretation and Analysis

Families in Bristol can save anywhere between 10% to 25% of their monthly income, with 18% being the average for most families. The average amount of money that families can put aside is 2,800 USD with 1,000 USD and 19,000 USD being the minimum and maximum respectively.

Reasons that make it difficult for people to save money in Bristol

Saving Challenges in Bristol

Reasons that make it difficult for people to save money

We wanted to understand what is stopping people from maximizing their savings in Bristol. Listed below are the answers given by the survey participants.


Reason% People
Low Income6%
High Expenses9%
Debt and Loans17%
Lack of Budgeting Skills11%
Impulsive Spending10%
Financial Emergencies6%
Living the moment6%
Will do it later18%
Inflation11%
Social Pressure3%
Market Instability3%

Around 6% of the people said that their salary is too low to accommodate a portion for savings while 9% said that the high cost of living leaves little room for savings. 17% of the residents said that they are burdened with debt and find it challenging to save money. 11% reported that they just don't have the knowledge or discipline to create and stick to a budget, leading to overspending and an inability to save. 10% blamed impulsive spending as the reason for saving inability. Around 6% said that unexpected expenses like medical bills or car repairs are derailing their savings goals. 6% bluntly said that they don't see the purpose of it and prefer to live each day to the fullest. 18% reported that they understand the value of saving but are putting off saving for the future, thinking they have plenty of time to start later. 11% blamed inflation, saying that every time they save some money they end up using it immediately. A surprising 3% said that social pressure and keeping up with peers or social expectations makes them overspend. Lastly, 3% blamed market instability and price fluctuations.

Where do people choose to put their savings in Bristol

Typical saving choices for people in Bristol

Where do people choose to put their savings?


Saving Type% People
Emergency Funds11%
Gold10%
Savings Accounts17%
Retirement Accounts11%
Cash Savings17%
Real Estate10%
Investment6%
Stocks6%
Bonds6%
Mutual Funds3%
Certificates of Deposit3%
A typical and healthy budgeting structure. The 50-30-20 rule

A typical and healthy budgeting structure

The 50/30/20 rule

Spending among different people can vary significantly based on factors such as their income, lifestyle, location, and personal preferences. A commonly used guideline for budgeting is the 50/30/20 rule, which suggests allocating your income into three main categories in the following percentages.

  • 50% for needs and financial obligations

    This category includes essential expenses like housing, utilities, groceries, transportation, and healthcare.

  • 30% for wants and discretionary spending

    This category covers discretionary spending on non-essential items, such as dining out, entertainment, travel, and other lifestyle choices.

  • 20% for savings and emergency fund

    This is the percentage that must be allocated to savings, emergency funds, and retirement accounts.

About financial planning, money management, and household budgeting

The 50/30/20 rule is used as a general guideline but may not be the best choice for all people. There are in fact many budgeting plans out there like the 70/20/10 and the 60/20/20 rules, all claiming to be the best. More important than all of this is to establish financial discipline by creating a budget tailored to your specific financial goals and situation. It is very important that your financial outflow be less than your income to maintain a healthy cash flow.

Income and cost of living compatibility. Is it affordable or economical to live in Bristol

Affordable living in Bristol

Income and cost of living compatibility

We asked residents one simple question and recorded their answers.

Is it affordable or economical to live in Bristol?


Yes
65%
No
35%

Around 65% of surveyed residents think that living in Bristol is affordable with proper budgeting while 35% reported that it is just too expensive and not affordable even with frugality and thriftness.

How easily is cost-cutting. Are there plenty of low-cost options in Bristol

Low-cost alternatives in Bristol

People are always looking for ways to cut down expenses and reduce expenditures. The hallmark of any affordable place is the availability of discount stores, bargain deals, smart or secondhand shopping, refurbished items, and couponing. We asked residents how easily cost-cutting is and the answers were distributed as follows:

Plenty of low-cost options50%

Few low-cost options50%


Based on the survey, 50% of the people living in Bristol have no problem finding low-cost alternatives to support a frugal lifestyle while 50% think that thriftness is difficult due to scarcity in discount markets and secondhand outlets.

Emergency Funds

An emergency fund is a financial safety net comprised of easily accessible savings set aside to cover unexpected expenses or financial emergencies, typically amounting to three to six months' worth of living expenses. We asked residents of Bristol whether they have an emergency fund and the answers were as follows.

Yes64%

No36%


Based on the survey, 36% of the people living in Bristol said that they don't have an emergency fund while 64% said that they do.

Financial literacy and difficulty in budgeting and financial planning in Bristol

Financial Literacy in United States

Financial literacy is the knowledge of concepts and principles related to personal finance that allow individuals to make informed decisions regarding their money such as budgeting, saving, investing, borrowing, managing debt, financial risk management, and planning.

Financial Leteracy77%


We asked residents of United States whether they acquired any adequate personal financial training in their lives. Approximately 23% of the people who participated in the survey said that they are not well informed about the topics of budgeting, saving, etc., and just manage things based on their own experience, while 77% said that they know about the general principles of personal finance from sources other than their own experience.


Difficulty in Budgeting and Financial Planning

We wanted to understand whether residents of United States have problems or difficulties in managing their expenditures and savings so we asked people one simple question: do you struggle with your personal finances? 19% of the participants reported that they indeed struggle in creating budgets and in organizing their finances while 81% said that they have everything under control.

Struggles with finance19%

Easily manages finances81%

Financial goals and targets of people living in Bristol

Financial goals of people in Bristol

In an attempt to understand the economic situation in Bristol, we asked participants about their financial targets. By knowing what the population in general is trying to achieve, we can shed light on the economic outlook, cost of living, and quality of life in general.


Financial Goal% People
Emergency Fund7%
Debt Reduction34%
Retirement Savings8%
Education Funding8%
Homeownership17%
Investing8%
Travel or Lifestyle10%
Healthcare Expenses10%
Financial Independence8%

Around 7% of those who participated in the survey said that their main goal is to establish an emergency fund to cover unexpected expenses while 34% said their number one priority is to pay off high-interest debt or loans and improve credit. 8% of surveyed people confirmed that saving for retirement to ensure a comfortable lifestyle in the final years is their main target. Around 8% reported that their priority is saving for the tuition fees and education costs of their children while 17% choose to buy a home or pay off existing mortgage before other things. 8% of the population would like to build wealth through investments such as stocks, bonds, mutual funds, or real estate. For 10% of people, saving for vacations or upgrading their lifestyle is the number one concern. Approximately 10% of the residents said that saving for healthcare expenses including insurance premiums is their main goal.

Retirement, pension plans, and life after work in Bristol

What does the retirement lifestyle look like in Bristol and how much retirement savings are required?

Retirement age

The retirement age for most employees in United States is 65 years. Specific retirement ages can vary based on factors like occupation, gender, years of contribution, and location. It is not entirely unlikely for people to retire either before or after this age.

Retirement planning and savings

There are many retirement saving options, some are personally initiated and others are government-sponsered. Regardless of the source of savings, the minimum amount of money that needs to be put aside to ensure a peaceful and comfortable retirement at each age can be found in the table below. This data is largely approximated and can vary drastically based on individual needs and situations. Treat these figures as a general guideline.


The typical saved amount of money you should have at every age as multiples of monthly salary:
AgeAmount
255x monthly salary at age 25
3010x monthly salary at age 30
3515x monthly salary at age 35
4025x monthly salary at age 40
4532x monthly salary at age 45
5048x monthly salary at age 50
5556x monthly salary at age 55
6064x monthly salary at age 60
6578x monthly salary at age 65

The typical average saved amount of money you should have at every age in Bristol:
AgeAmount
2512,000 USD
3025,000 USD
3543,000 USD
4062,000 USD
4593,000 USD
50130,000 USD
55160,000 USD
60190,000 USD
65230,000 USD

Retirement Income Distribution

We asked residents of Bristol about their retirement income sources and below are the results.

Source% People
Pensions13%
Savings22%
Investments13%
Social Security8%
Annuities8%
Part-time Job11%
Real Estate17%
Dividends and Interest8%

Retirement Monthly Expenses in Bristol

240 USD 2,200 USD 14,000 USD
MINIMUM AVERAGE MAXIMUM
Chart showing the percentage of people who are in debt in Bristol

Debt, loans, and mortgages in Bristol


Percentage of people who are in debt


In Debt
19%
Debt Free
81%

According to the survey, 19% of the people in Bristol have some kind of debt, loan, mortgage, or credit card payments while 81% reported that they don't have financial obligations to banks.


Chart showing debt-to-income ratio in Bristol

Debt-to-income ratio in Bristol

Debt to income ratio

20%

12% to 28%

( monthly debt payment / monthly income ) x 100

Interpretation

The debt-to-income ratio measures the percentage of income being paid as debt settlement across the population. It is calculated by dividing the monthly debt settlement payment of an individual by their monthly income. Based on collected data, approximately 20% of the people's monthly income in Bristol goes to debt settlement.


Debt levels

Monthly debt settlement payment as percentage of monthly income

Debt-to-income ratio% People
> 60%3%
50% - 60%13%
40% - 50%12%
30% - 40%14%
20% - 30%14%
10% - 20%17%
0% - 10%27%

According to our data, 3% of the debtors in Bristol pay 60%+ of their income as debt settlement while 13% of the people pay 50% to 60% of their income for the same, which is quite an alarming financial situation for those individuals. 12% of people in debt dedicate 40% to 50% of their income to loan and mortgage payments while 14% dedicated 30% to 40% of income for same. Things are looking brighter for 14% of individuals as they only pay 20% to 30% of their income for loan and credit card repayment.


Distribution by type of debt in Bristol

Debt% People
Real Estate Mortgage12%
Auto Loan21%
Student Loan3%
Credit Card26%
Personal Loan38%

12% of debtors in Bristol confirm that real estate mortgages constitutes the main part of their outstanding debt while 26% say that credit card payments are the reason they are in debt. Auto loans were the main type of debt for 21% of people and personal loans rose at 38%. Lastly, student loans are the main source of debt for 3% of debtors in Bristol.


About credit score and debt management

Managing debt is a critical aspect of maintaining a favorable credit score. Debt reduction is the first thing you should do improve your financial situation. Getting rid of debt takes precedence over saving money because of interest rates.

Good debt vs. Bad debt

Not all debt is bad. Good debt typically refers to borrowing money for investments that can increase in value or generate income over time like purchasing a home or acquiring student loans. On the other hand, bad debt involves borrowing for things that fail to generate lasting value like high-interest credit card debt used for non-essential expenses like luxury items or vacations.


Loan Affordability Index in Bristol

Besides measuring the loan-to-income ratio, we asked residents of Bristol how many times in a year they defaulted or were unable to pay their due credit card or loan payments on time. Understanding how often people default on their due payments is one of the indicators of the cost of living and economic situation.

Frequency and percentage of people who failed to pay their monthly credit card or loan payments on time last year.

Frequency% People
Never54%
Once a year22%
Twice a year12%
Three times a year8%
Four times a year4%
Housing and accommodation affordability, property price to income ratio, rent to income ratio, and housing affordability index chart in Bristol

Housing costs, accommodation, and housing affordability in Bristol

Rental costs and house/apartment prices can vary drastically between different areas and locations.


Rent Cost in Bristol

Monthly Rent Prices

Studio apartment monthly rent cost

400 USD 600 USD 1,600 USD
MINIMUM AVERAGE MAXIMUM

1-bedroom apartment monthly rent cost

600 USD 950 USD 2,400 USD
MINIMUM AVERAGE MAXIMUM

2-bedroom apartment monthly rent cost

800 USD 1,200 USD 3,200 USD
MINIMUM AVERAGE MAXIMUM

3-bedroom apartment monthly rent cost

950 USD 1,600 USD 4,300 USD
MINIMUM AVERAGE MAXIMUM

Furnished apartment monthly rent cost

1,900 USD 4,800 USD 9,500 USD
MINIMUM AVERAGE MAXIMUM

Townhouse monthly rent cost

1,600 USD 2,400 USD 6,800 USD
MINIMUM AVERAGE MAXIMUM

House monthly rent cost

1,900 USD 4,800 USD 9,500 USD
MINIMUM AVERAGE MAXIMUM

Villa monthly rent cost

2,400 USD 6,000 USD 9,500 USD
MINIMUM AVERAGE MAXIMUM

The monthly rental cost of a studio apartment in Bristol ranges between 400 USD and 1,600 USD, meanwhile the cost of monthly rental of a one-bedroom apartment can be anywhere from 600 USD to 2,400 USD. Two-bedroom rentals rate ranges between 800 USD and 3,200 USD per month. The monthly rental for a three-bedroom apartment ranges from 950 USD to 4,300 USD. The average rent of a townhouse in Bristol is around 2,400 USD while house rental costs can be as high as 4,800 USD per month. Finally, if you want to rent a villa, expect to pay anywhere from 2,400 USD to 9,500 USD per month.



Apartment and house prices in Bristol

Cost of buying a property

Studio apartment price

80,000 USD 120,000 USD 240,000 USD
MINIMUM AVERAGE MAXIMUM

1-bedroom apartment price

95,000 USD 160,000 USD 600,000 USD
MINIMUM AVERAGE MAXIMUM

2-bedroom apartment price

160,000 USD 480,000 USD 950,000 USD
MINIMUM AVERAGE MAXIMUM

3-bedroom apartment price

530,000 USD 800,000 USD 2.4M USD
MINIMUM AVERAGE MAXIMUM

Townhouse price

680,000 USD 1.6M USD 6M USD
MINIMUM AVERAGE MAXIMUM

House price

800,000 USD 4.8M USD 6.8M USD
MINIMUM AVERAGE MAXIMUM

Villa price

950,000 USD 5.3M USD 8M USD
MINIMUM AVERAGE MAXIMUM

The average price of a studio apartment in Bristol can range from 80,000 USD to 240,000 USD depending on location. One bedroom cost can be anywhere from 95,000 USD to 600,000 USD. A villa can cost you 5.3M USD on average with prices ranging from 950,000 USD to 8M USD.


If you're leasing or purchasing, housing costs in Bristol will probably constitute your biggest expenditure, yet it's an area where you wield considerable influence. This is due to the substantial variance in housing prices across communities. Keep in mind the location of your workplace and the accessibility of essential amenities to prevent negating the savings from lower rental rates with increased transportation expenses.

House / apartment prices to income ratio


Property price to income ratio

( average property price / average monthly income ) x 100


39 x116 monthly income 181
MINIMUM AVERAGE MAXIMUM

Property prices in Bristol can be x116 to x181 multiples of the monthly income depending on the property and the income of the person. On average, property prices are approximately x116 multiples of the average monthly salary in Bristol.



Rent to income ratio


Rent to income ratio

( monthly rental / monthly income ) x 100


20% 28% of income 36%
MINIMUM AVERAGE MAXIMUM

The average rent-to-income ratio in Bristol is around 28%. This means that people pay 28% of their income for rent. Those figures can range from 20% to 36% depending on the salary, location, and type of property.


The housing-to-income ratio is a very important metric to evaluate and measure how affordable living is in a particular area, city, or country since housing comprises the biggest chunk of expenditure. A higher housing to income ratio means that the place is relatively expensive. The figure by itself does tell much. It only starts to make sense when comparing the housing to income ratio across different locations.

Housing affordability index

The housing affordability index measures how affordable accommodation is in a particular place. This can measured in multiple ways, the most common being housing expenditure to total expenditure ratio and the rent to income ratio. The housing expenditure ratio is a figure reported by individuals on the percentage they allocate for housing. Rent to income ratio is calculated by dividing the average monthly rent by the average income. Because these values are both percentages, we can find their average and get the best of the two worlds.

Housing Affordability Index
26%

Property Taxes

Real estate owners pay property taxes to local tax authorities, which are determined by the assessed value of their property. Typically, these taxes are paid once a year. Property tax funds contribute to community development, financing infrastructure improvements, public services, and local education initiatives.


FROM
2.5%
AVERAGE
3.4%
TO
4.4%

Home Maintenance Costs

Home maintenance costs encompass various expenses associated with the upkeep and repair of a residence. These expenditures include regular tasks such as lawn care, pest control, and HVAC system servicing, as well as occasional repairs and renovations like fixing leaks, painting, or replacing appliances.


6.7 USD 87 USD 870 USD
MINIMUM AVERAGE MAXIMUM

Urban vs. rural living costs

Urban living typically entails higher housing and transportation costs due to demand and limited space, while rural areas generally offer lower housing expenses but may have higher prices for goods and services. The differnce in rental rates between urban areas and rural areas can be as high as 300% in some cases.

Monthly costs and expenses of energy and basic utilities in Bristol

Utilities expenditure can vary slightly between different areas and locations.


Energy, electricity, water, gas, internet, and mobile cost in Bristol

Utility Bill Cost / Electricity + Water + Gas / Individual

26 USD 180 USD 1,200 USD
MINIMUM AVERAGE MAXIMUM

Utility Bill Cost / Electricity + Water + Gas / Couple

67 USD 230 USD 1,500 USD
MINIMUM AVERAGE MAXIMUM

Utility Bill Cost / Electricity + Water + Gas / Family

120 USD 330 USD 2,200 USD
MINIMUM AVERAGE MAXIMUM

Internet and cable cost

30 USD 59 USD 79 USD
MINIMUM AVERAGE MAXIMUM

Mobile phone bill and charges

24 USD 39 USD 120 USD
MINIMUM AVERAGE MAXIMUM

Because most utility bills club electricity, water, and gas costs in one bill, we can't provide a breakup for each type of utility and will display electricity, gas, and water as single cost.


The average monthly expenditure for individuals on electricty, water, and gas in Bristol ranges between 26 USD and 1,200 USD with average being 180 USD, meanwhile the expenditure of couples is slightly higher at 230 USD with 67 USD and 1,500 USD being the upper and lower limits respectively. As expected, the energy and water consumption of families is the highest among the three groups with an average of 330 USD. The cost of internet and WiFi is unchanged among the three groups and ranges from 30 USD to 79 USD with 59 USD being the average internet bill. Finally, the average monthly mobile charges is around 39 USD but can range between 24 USD and 120 USD depending on consumption. Mobile charges include both calling minutes as well as data packages.


Energy / Utility expense to income ratio


( monthly utility expenses / monthly income ) x 100


0.80% 3.2% of income 6.4%
MINIMUM AVERAGE MAXIMUM

The average utility-to-income ratio in Bristol is around 3.2%. This means that people pay 3.2% of their income for energy, water, internet, and mobile charges. Those figures can range from 0.80% to 6.4% depending on salary and location.

Food Prices, Dining Expenses, and Grocery Costs in Bristol

Grocery / Food expenditure and prices can vary drastically between different areas and locations.


Prices and cost of goods and services in Bristol

Dining out, food, and beverages costs. Price variations for common food items.

Fast food combo meal price

5.9 USD 12 USD 20 USD
MINIMUM AVERAGE MAXIMUM

The average price of a regular combo meal at a fast food outlet or chain like McDonald's, Pizzahut, or KFC in Bristol is approximatly 12 USD with meal cost ranging from 5.9 USD to 20 USD. The typical combo meal consists of a burger, french fries, and a drink.

Restaurant meal for one price

18 USD 27 USD 53 USD
MINIMUM AVERAGE MAXIMUM

If you are planning to have a nice meal at a mid-range restaurant, expect to pay anywhere between 18 USD and 53 USD with 27 USD being the average price of a plate for one person at a regular restaurant in Bristol.

Fine dining meal for one price

36 USD 53 USD 210 USD
MINIMUM AVERAGE MAXIMUM

The price range of a meal at fine-dining restaurant is 36 USD to 210 USD with the average cost being 53 USD for one person. This is what you would expect to pay a top-tier diner in Bristol.

Beverage prices, cappuccino, latte etc..

4.9 USD 7.9 USD 12 USD
MINIMUM AVERAGE MAXIMUM

The average price of a regular beverage like cappuccino or latte at Starbucks, Costa, or similar coffee shops and cafes in Bristol is around 7.9 USD. Price ranges between 4.9 USD and 12 USD depending on the type of beverage, the size, and optional add-ons.



Grocery and market costs

Large bottle of milk price

3.9 USD 4.7 USD 5.9 USD
MINIMUM AVERAGE MAXIMUM

The average price of a large bottle of milk in Bristol is 4.7 USD. The maximum what you would pay for milk is 5.9 USD and the minimum being 3.9 USD depending on the brand of milk and other properties.

12 eggs price

3 USD 3.9 USD 5.9 USD
MINIMUM AVERAGE MAXIMUM

A dozen eggs costs around 3.9 USD on average with 3 USD and 5.9 USD being the lower and upper limits respectively.

Fresh whole chicken price

6.7 USD 8.7 USD 12 USD
MINIMUM AVERAGE MAXIMUM

The price range of a fresh whole chicken in Bristol is between 6.7 USD and 12 USD depending on the size of the chicken and whether it is oraganic or not. The average price is approximatly 8.7 USD.

Pack of beef price

7.9 USD 12 USD 24 USD
MINIMUM AVERAGE MAXIMUM

The price of a regular pack of beef or meat is around 12 USD. A pack of beef contains around 1Kg or 1lb depending on packing.

Medium bag of rice price

3.2 USD 4.3 USD 6.2 USD
MINIMUM AVERAGE MAXIMUM

A bag of rice in Bristol costs around 4.3 USD on average with prices rangeing between 3.2 USD and 6.2 USD depending on the brand and quality.

Bag of tomatos price

1.2 USD 1.6 USD 3 USD
MINIMUM AVERAGE MAXIMUM

A bag of tomatoes costs anywhere from 1.2 USD to 3 USD. A bag of tomatoes denotes 1Kg or 1lb depending on location.

Bag of apples price

2.1 USD 2.8 USD 4.5 USD
MINIMUM AVERAGE MAXIMUM

A bag of apples costs 2.8 USD on average. A bag of apples denotes 1Kg or 1lb depending on location.


Grocery and food expenditure to income ratio


( monthly grocery expenses / monthly income ) x 100


13% 19% of income 24%
MINIMUM AVERAGE MAXIMUM

The average grocery-to-income ratio in Bristol is around 19%. This means that people spend 19% of their income on grocery and basic household items. The expenditure can range from 13% to 24% depending on salary and location.


Expenditure on food and grocery for every population group

A single person living alone spends approximately 480 USD per month on grocery and food with expenditure fluctuating between 69 USD and 3,200 USD depending on location and the type of person. The average cost of food and groceries for a couple is around 700 USD per month. That number can be get as low as 230 USD or a high as 3,700 USD. Families' spending on grocery ranges from 420 USD to 7,800 USD with the location, income, and size of the family being the most determinite factors.


Single
Spending habits, consumption analysis, and expenditure patterns for a single person living in Bristol

Housing cost for a single person32%

32% of total expenses on average (20% to 44%)

LOW150 USD
AVERAGE1,100 USD
HIGH7,200 USD
Per Month

Utilities, Electricity, Water, Internet, Mobile8%

8% of total expenses on average (4% to 13%)

LOW26 USD
AVERAGE180 USD
HIGH1,200 USD
Per Month

Transport and Fuel Cost6%

6% of total expenses on average (4% to 12%)

LOW34 USD
AVERAGE240 USD
HIGH1,600 USD
Per Month

Food and Groceries Cost18%

18% of total expenses on average (12% to 23%)

LOW69 USD
AVERAGE480 USD
HIGH3,200 USD
Per Month

Healthcare Cost11%

11% of total expenses on average (5% to 15%)

LOW39 USD
AVERAGE270 USD
HIGH1,800 USD
Per Month

Leisure and Shopping Expenditure3%

3% of total expenses on average (3% to 6%)

LOW22 USD
AVERAGE150 USD
HIGH1,000 USD
Per Month

Education Cost2%

2% of total expenses on average (1% to 4%)

LOW8.6 USD
AVERAGE60 USD
HIGH400 USD
Per Month

Other Expenses20%

20% of total expenses on average (12% to 24%)

LOW77 USD
AVERAGE540 USD
HIGH3,600 USD
Per Month


Couple
Average monthly living expenditure breaks and spending patterns for couples in Bristol

Housing cost for a couple29%

29% of total expenses on average (22% to 39%)

LOW570 USD
AVERAGE1,700 USD
HIGH9,100 USD
Per Month

Utilities, Electricity, Water, Internet, Mobile7%

7% of total expenses on average (5% to 11%)

LOW67 USD
AVERAGE230 USD
HIGH1,500 USD
Per Month

Transport and Fuel Cost10%

10% of total expenses on average (4% to 15%)

LOW200 USD
AVERAGE600 USD
HIGH3,200 USD
Per Month

Food and Groceries Cost16%

16% of total expenses on average (11% to 21%)

LOW230 USD
AVERAGE700 USD
HIGH3,700 USD
Per Month

Healthcare Cost13%

13% of total expenses on average (7% to 17%)

LOW180 USD
AVERAGE550 USD
HIGH2,900 USD
Per Month

Leisure and Shopping Cost4%

4% of total expenses on average (2% to 7%)

LOW100 USD
AVERAGE300 USD
HIGH1,600 USD
Per Month

Education Cost2%

2% of total expenses on average (1% to 4%)

LOW33 USD
AVERAGE100 USD
HIGH540 USD
Per Month

Other Expenses19%

19% of total expenses on average (13% to 25%)

LOW280 USD
AVERAGE850 USD
HIGH4,600 USD
Per Month


Family
Average monthly expenses and break out of spending for families living in Bristol

Housing cost for a family28%

28% of total expenses on average (23% to 38%)

LOW750 USD
AVERAGE2,100 USD
HIGH14,000 USD
Per Month

Utilities, Electricity, Water, Internet, Mobile5%

5% of total expenses on average (3% to 8%)

LOW120 USD
AVERAGE330 USD
HIGH2,200 USD
Per Month

Transport and Fuel Expenses6%

6% of total expenses on average (4% to 8%)

LOW230 USD
AVERAGE670 USD
HIGH4,400 USD
Per Month

Food and Groceries Cost20%

20% of total expenses on average (13% to 26%)

LOW420 USD
AVERAGE1,200 USD
HIGH7,800 USD
Per Month

Healthcare Expenses10%

10% of total expenses on average (6% to 15%)

LOW210 USD
AVERAGE670 USD
HIGH3,500 USD
Per Month

Leisure and Shopping Cost3%

3% of total expenses on average (2% to 7%)

LOW120 USD
AVERAGE330 USD
HIGH2,200 USD
Per Month

Education Cost14%

14% of total expenses on average (7% to 22%)

LOW330 USD
AVERAGE940 USD
HIGH6,100 USD
Per Month

Other Expenses14%

14% of total expenses on average (7% to 19%)

LOW190 USD
AVERAGE540 USD
HIGH3,500 USD
Per Month


Student
Cost of living and expenses break down for students living in Bristol

Housing costs for Student20%

20% of total expenses on average (15% to 26%)

LOW80 USD
AVERAGE520 USD
HIGH3,400 USD
Per Month

Utilities, Electricity, Water, Internet, and Mobile Expenses6%

6% of total expenses on average (4% to 10%)

LOW13 USD
AVERAGE86 USD
HIGH570 USD
Per Month

Transport and Fuel Cost5%

5% of total expenses on average (5% to 11%)

LOW23 USD
AVERAGE150 USD
HIGH1,000 USD
Per Month

Food and Groceries Expenditure22%

22% of total expenses on average (16% to 26%)

LOW67 USD
AVERAGE430 USD
HIGH2,900 USD
Per Month

Healthcare Cost8%

8% of total expenses on average (5% to 11%)

LOW20 USD
AVERAGE130 USD
HIGH860 USD
Per Month

Leisure and Shopping Cost3%

3% of total expenses on average (2% to 7%)

LOW17 USD
AVERAGE110 USD
HIGH720 USD
Per Month

Education Cost19%

19% of total expenses on average (12% to 24%)

LOW64 USD
AVERAGE410 USD
HIGH2,700 USD
Per Month

Other Expenses17%

17% of total expenses on average (11% to 23%)

LOW50 USD
AVERAGE320 USD
HIGH2,200 USD
Per Month
evoeicarsraw©copound