| Index | Russellville | Alabama | National |
| Cost of living | 84 | 89 | 100 |
| Groceries | 95 | 96 | 100 |
| Health care | 97 | 95 | 100 |
| Housing | 58 | 74 | 100 |
| Transportation | 98 | 95 | 100 |
| Utilities | 96 | 97 | 100 |
| Lifestyle & Entertainment | 94 | 94 | 100 |
| Household Items | 95 | 96 | 100 |
| Education & Childcare | 91 | 93 | 100 |
The cost of living in Russellville affects the quality of life one can afford in this new location. It allows people to assess whether they can maintain their preferred lifestyle, including housing, leisure activities and dining options. Your total monthly expenditures can varry depending on the area, as well as many other factors. The cost of living in Russellville is 84, which is 16% lower than the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.
Housing expenses can absorb a substantial portion of your net income, sometimes exceeding 30%. Thankfully, Russellville stands out by reporting housing costs that are 42.4% lower than the national average. This signifies that both homeownership and rental expenses in this region are considerably more budget-friendly compared to the rest of the country. With such favorable housing affordability, residents of Russellville can allocate a more reasonable portion of their income to housing, allowing for greater financial flexibility.
Is Russellville affordable? This is a pivotal question, especially when mulling over a move, as affordability carries substantial weight in your decision-making process. Factors such as the cost of living index (discussed earlier), housing expenses and income levels all contribute to a location's affordability. For instance, in Russellville, the median home price is 45.8% lower than the national average and monthly rent prices are 34.5% lower than the typical rates. Additionally, the median income levels play a role in affordability, with Russellville boasting a median household income of $67,336, 17.2% lower than the national average.
Taxes: Regions that impose higher taxes, including sales and income taxes, can contribute to an increased cost of living. Higher taxes for everyday necessities such as clothing, utilities and food inevitably leads to higher expenditures. Additionally, a higher income tax rate can also play a role in elevating the overall cost of living. In Russellville, the prevailing sales tax rate starts at 4%, and income tax rates kick off at 2%.
Utilities: As with the prices of anything else, utility costs can exhibit significant variations, contingent on factors like climate, energy source availability, geographic location and state regulations. The expenses associated with electricity, water, heating, and waste disposal can fluctuate, either upward or downward, depending on the particular city or state. In Russellville, the utilities index registers 4.1% lower than the national average.
Transportation: In cities with limited or no public transportation, residents may find it necessary to own and maintain vehicles, thereby elevating the cost of living. Monthly expenditures include fuel, insurance, routine maintenance and potential lease or financing commitments. In Russellville, the transportation index stands at 2.5% lower than the national average.
The Russellville cost of living data above is designed around a U.S. average baseline of 100, allowing for easy comparisons of relative living costs. Housing incorporates U.S. Census home price and rental data, while all other figures are AI-assisted estimates that account for regional price trends, climate, transportation dynamics, and common everyday expenses. These values are best used as directional city-to-city comparisons.
| Cost of living index | |
| Groceries index | |
| Health care index | |
| Housing index | |
| Transportation index | |
| Utilities index | |
| Lifestyle index | |
| Household index | |
| Educare index |
| Median Income | Per Year | Per Month | Max Budget (28% DTI) | Max Budget (36% DTI) |
| Owners | $85,738 | $7,145 | $2,000 | $2,572 |
| Renters | $48,251 | $4,021 | $1,126 | $1,448 |
| State | General Sales Tax | With Max Surtax |
| Alabama | 4% | 13.5% |
| State | Income Tax (Low) | Income Tax (High) |
| Alabama | 2% | 5% |
| City | Population | Cost of Living Index | National Avg. |
| Belgreen, AL | 28 | 95 | 4.6% |
| Spruce Pine, AL | 76 | 95 | 4.6% |
| Leighton, AL | 806 | 79 | 20.6% |
| Hodges, AL | 366 | 80 | 19.9% |
| Phil Campbell, AL | 969 | 80 | 19.5% |
| Russellville, AL | 10,174 | 84 | 16.0% |
| City | Population | Cost of Living Index | National Avg. |
| Denham Springs, LA | 10,174 | 97 | 2.9% |
| Carroll, IA | 10,175 | 89 | 10.6% |
| Mont-Tremblant, QC | 10,175 | n/a | |
| Charter Oak, CA | 10,172 | 146 | 46.4% |
| Wimauma, FL | 10,172 | 110 | 10.1% |
| Russellville, AL | 10,174 | 84 | 16.0% |
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