Russellville, Alabama Cost Of Living

Buy Rent

A

Overall 18%

Goods & Services 4%

Housing 45%

Date & Last Updated: This data reflects 2019 and was released from C2ER in January, 2020; 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 living	82	89	100
Goods & Services	96	98	100
Groceries	91	96	100
Health care	77	91	100
Housing	55	72	100
Transportation	89	91	100
Utilities	100	103	100

Key findings

The cost of living in Russellville is 9% lower than the Alabama average
The cost of living in Russellville is 18% lower than the national average
Russellville housing is 45% lower than the national average
Alabama general sales tax is 21% lower than the national average
Alabama state income tax is 19% lower than the national average

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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	$40,619	$3,385	$948	$1,219
Renters	$19,662	$1,639	$459	$590

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 $40,619. This indicates that a monthly maximum of $948 should be spent by homeowners on all housing related costs. Renters have a median income of $19,662. This indicates that renters would have a maximum of $459 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	$14.10	$17.49	19.4%
Beauty Salon	$29.40	$38.17	23.0%
Toothpaste	$2.06	$2.32	11.2%
Shampoo	$1.17	$1.01	15.6%
Movie	$13.13	$10.72	22.4%
Bowling	$15.00	$13.86	8.2%

Groceries

Item	Russellville	National avg.	Difference
Ground Beef	$2.74	$3.90	29.7%
Fried Chicken	$1.33	$1.40	4.7%
Milk	$1.51	$1.96	23.0%
Potatoes	$2.10	$3.18	34.0%
Pizza	$9.94	$10.39	4.4%
Beer	$9.33	$9.23	1.1%

Health Care

Item	Russellville	National avg.	Difference
Optometrist	$75.60	$106.34	28.9%
Doctor	$70.00	$115.25	39.3%
Dentist	$71.00	$98.38	27.8%
Ibuprofen	$8.82	$9.26	4.8%
Lipitor	$471.68	$466.47	1.1%

Housing

Item	Russellville	National avg.	Difference
Home Price	$96,400.00	$184,700.00	47.8%
Avg. Mortgage Payment	$966.05	$1,273.32	24.1%
Apartment Rent	$581.00	$949.00	38.8%

Transportation

Item	Russellville	National avg.	Difference
Gasoline	$2.39	$2.59	7.9%
Tire Balancing	$42.60	$48.90	12.9%

Utilities

Item	Russellville	National avg.	Difference
All Electricity	$168.39	$167.60	0.5%
Phone	$178.98	$163.42	9.5%

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, State	Population	Cost of Living Index	National Avg.
Belgreen, AL	82	93	-7%
Spruce Pine, AL	152	93	-7%
Phil Campbell, AL	1,433	76	-24%
Leighton, AL	934	77	-23%
Hodges, AL	301	77	-23%
Russellville, AL	9,804	82	-18%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Poulsbo, WA	9,806	133	33%
Glenwood Springs, CO	9,806	121	21%
Croydon, PA	9,807	108	8%
Bluffdale, UT	9,809	124	24%
Rodeo, CA	9,798	140	40%
Russellville, AL	9,804	82	-18%

Source: The Russellville, AL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.

Russellville, AL Cost of Living

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