A+
19%
Overall NAT. AVG.
10%
Goods & Services NAT. AVG.
44%
Housing NAT. AVG.
Search Homes for Sale
Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Russellville Alabama National
Cost of living8188100
Goods & Services9096100
Groceries9496100
Health care8387100
Housing5672100
Transportation9091100
Utilities95102100
New Real Estate Listings in Russellville Area
Search Homes for Sale in Russellville, AL

Cost Of Living Quick Facts

  • The cost of living in Russellville is 9% lower than the Alabama average
  • The cost of living in Russellville is 19% lower than the national average
  • Russellville housing is 44% lower than the national average
  • Alabama general sales tax is 22% lower than the national average
  • Alabama state income tax is 11% lower than the national average

Most Affordable Places to Live in and Around Russellville

See all the best places to live around Russellville

Compare Russellville, AL Cost of Living

      vs
      How would you rate the cost of living in Russellville?
      Write a review to give others more information about this area.
      Is the cost of living increasing or decreasing in Russellville?
      Write a review to give others more information about this area.
      See all Russellville poll results

      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

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$58,411$4,868$1,363$1,753
      Renters$32,068$2,672$748$962
      The affordability of the housing market in Russellville, AL as well as the overall cost of living can be predicted by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Russellville homeowners, the median income is $58,411. This indicates that a monthly maximum of $1,363 should be spent by homeowners on all housing related costs. Renters have a median income of $32,068. This indicates that renters would have a maximum of $748 for their rent related monthly costs.

      Alabama Sales Tax

      State General Sales Tax With Max Surtax
      Alabama 4% 13.5%

      Alabama Income Tax

      State Income Tax (Low) Income Tax (High)
      Alabama 2% 5%

      Goods & Services

      Item Russellville National avg. Difference
      Haircut $17.13$24.2629.4%
      Beauty Salon $32.58$45.5628.5%
      Toothpaste $3.74$3.700.9%
      Shampoo $1.04$1.2819.0%
      Movie $13.50$12.1311.2%
      Bowling $17.50$18.002.8%

      Groceries

      Item Russellville National avg. Difference
      Ground Beef $5.67$5.842.9%
      Fried Chicken $1.67$1.576.2%
      Milk $4.49$4.674.0%
      Potatoes $5.06$4.932.5%
      Pizza $9.73$12.0919.5%
      Beer $10.23$10.411.7%

      Health Care

      Item Russellville National avg. Difference
      Optometrist $80.87$125.6835.7%
      Doctor $90.50$135.7833.3%
      Dentist $94.28$113.2916.8%
      Ibuprofen $10.04$10.655.8%
      Lipitor $519.93$468.6011.0%

      Housing

      Item Russellville National avg. Difference
      Home Price $97,400.00$184,700.0047.3%
      Avg. Mortgage Payment $1,703.27$2,346.6927.4%
      Apartment Rent $619.00$949.0034.8%

      Transportation

      Item Russellville National avg. Difference
      Gasoline $3.14$3.469.4%
      Tire Balancing $52.00$59.9213.2%

      Utilities

      Item Russellville National avg. Difference
      All Electricity $180.93$193.996.7%
      Phone $186.22$192.253.1%
      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 Population Cost of Living Index National Avg.
      Spruce Pine, AL73919.0%
      Belgreen, AL27919.0%
      Leighton, AL7897623.8%
      Hodges, AL3597723.2%
      Phil Campbell, AL9357722.6%
      Russellville, AL9,8038119.4%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Coweta, OK9,8038911.4%
      Inwood, NY9,80415049.9%
      Orange Lake, NY9,80012323.1%
      Benton Harbor, MI9,8067821.7%
      Alcoa, TN9,8098811.8%
      Russellville, AL9,8038119.4%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.