Russellville cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexRussellvilleArkansasNational
Cost of living index8484100
IndexRussellvilleArkansasNational
Goods & Services index8893100
Groceries index9193100
Health care index8788100
Housing index7365100
Transportation index9489100
Utilities index8297100
An overview of the general cost of living index for Russellville, AR is displayed above for your reference. Residents in Russellville, AR enjoy a cost of living index of 84. This index is 1% lower than the Arkansas average, and 16% lower than the national average. The following categories are used when determining the cost of living index for any given city: health care (5%), transportation (9%), utilities (10%), groceries (13%), housing (30%), and goods/services (33%). Clearly, housing and goods/services make up the majority of the formula for calculating the cost of living index. Because of this, the general cost of living for any given area can be estimated by looking at the cost of everyday goods in that area. For those living in Russellville, AR, the average cost of goods and services is 5% lower than it is in Arkansas, and it is 12% lower than the national average.

Did you know?

  • The cost of living in Russellville is 1% lower than the Arkansas average.
  • The cost of living in Russellville is 16% lower than the national average.
  • The cost of housing in Russellville is 27% lower than the national average.
  • Arkansas general sales tax is 28% higher than the national average.
  • Arkansas state income tax is 60% lower than the national average.

Find Real Estate Listings In Russellville

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In Russellville

Compare Russellville, AR Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
Price difference in compared to
Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
Use the salary calculator to compare your current income in Russellville, AR to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Russellville, AR, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Russellville, AR salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$51,151$4,263$1,193$1,535
Renters$23,213$1,934$542$696
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Russellville, AR as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Russellville, AR homeowners, is $51,151. This would allow for a maximum of $1,193 per month to be spent on housing costs. For renters, the median monthly income is $23,213 which would result in a maximum of $542 to be spent on rental costs.

Arkansas Sales Tax

StateGeneral Sales TaxWith Max Surtax
Arkansas6.5%11.625%

Arkansas Income Tax

StateIncome Tax (Low)Income Tax (High)
Arkansas0.9%6.9%
The Arkansas sales tax and Arkansas income tax rates should definitely be considered when determining the overall cost of living in Russellville, AR. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The Arkansas sales tax is 6.5% and the maximum surtax is 11.625%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The Arkansas income tax rates range from 0.9% to 6.9%.

Goods & Services

ItemRussellvilleNational avg.Difference
Haircut $15.00$15.563.6%
Beauty Salon $32.83$36.119.1%
Toothpaste $1.65$2.4733.3%
Shampoo $0.75$0.9621.9%
Movie $7.40$10.1326.9%
Bowling $3.99$4.7415.7%

Groceries

ItemRussellvilleNational avg.Difference
Ground Beef $3.81$3.984.5%
Fried Chicken $1.19$1.4115.7%
Milk $2.15$2.064.3%
Potatoes $3.21$2.987.5%
Pizza $8.99$9.475.1%
Beer $8.51$8.793.2%

Health Care

ItemRussellvilleNational avg.Difference
Optometrist $90.36$101.0410.6%
Doctor $103.33$107.443.8%
Dentist $67.72$90.4225.1%
Ibuprofen $7.97$9.2814.1%
Lipitor $410.50$426.503.8%

Housing

ItemRussellvilleNational avg.Difference
Home Price $130,600.00$175,700.0025.7%
Avg. Mortgage Payment $864.25$1,133.2323.7%
Apartment Rent $647.00$920.0029.7%

Transportation

ItemRussellvilleNational avg.Difference
Gasoline $1.82$1.998.7%
Tire Balancing $46.20$45.761.0%

Utilities

ItemRussellvilleNational avg.Difference
All Electricity$115.73$163.8129.4%
Phone $27.95$28.391.5%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Hector, AR38075-25%
London, AR93778-22%
Lamar, AR1,52478-22%
Atkins, AR3,04479-21%
Knoxville, AR68779-21%
Russellville, AR28,58184-16%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Millville, NJ28,6031011%
West Springfield Town, MA28,55411515%
Newburgh, NY28,61411717%
Agawam Town, MA28,62611919%
Suisun City, CA28,62712424%
Russellville, AR28,58184-16%
Source: The Russellville, AR cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.