Russellville, AL Cost Of Living

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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.
Index	Russellville	Alabama	National
Cost of living index	82	89	100
Index	Russellville	Alabama	National
Goods & Services index	96	98	100
Groceries index	91	96	100
Health care index	77	91	100
Housing index	55	72	100
Transportation index	89	91	100
Utilities index	100	103	100

Here we can see a simple outline of the cost of living in Russellville, AL. As you can see, with the average cost of living in Russellville, AL being 82, that puts it 9% lower than the average of Alabama and 18% lower than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Russellville, AL, the price of goods and services are 2% lower than the average of Alabama as well as 4% lower than the nation's average.

Did you know?

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.
The cost of housing in Russellville is 45% lower than the national average.
Alabama general sales tax is 21% lower than the national average.
Alabama state income tax is 10% lower than the national average.

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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 salary in Russellville, AL to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Russellville, AL, then you would need to earn more income in order to maintain the same standard of living. To use the Russellville, AL salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

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 indicated accurately 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 ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Russellville, AL 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 should have a maximum of $459 used 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%

When you are determining the total cost of living in Russellville, AL you will want to make sure you consider both the Alabama sales tax and the Alabama income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in Alabama is 4%, with the highest surtax being 13.5%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in Alabama have a range from 2% to 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.

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%

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

Russellville, AL Cost of Living