Cost Of Living in Russellville, AL

Get crime, demographics and other data for any location in Russellville, AL

A+

19%

Overall NAT. AVG.

10%

Goods & Services NAT. AVG.

44%

Housing NAT. AVG.

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 living	81	88	100
Goods & Services	90	96	100
Groceries	94	96	100
Health care	83	87	100
Housing	56	72	100
Transportation	90	91	100
Utilities	95	102	100

See How Much House You Can Afford. Get Pre-Approved Today

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 23% 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

Write a review to give others more information about this area.

See all Russellville poll results

The best places in Alabama

Here are the best places to live in Alabama

Check out the 10 most dangerous cities in Alabama

These are the 10 cheapest cities in Alabama

These are the largest cities in Alabama

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	$24.26	29.4%
Beauty Salon	$32.58	$45.56	28.5%
Toothpaste	$3.74	$3.70	0.9%
Shampoo	$1.04	$1.28	19.0%
Movie	$13.50	$12.13	11.2%
Bowling	$17.50	$18.00	2.8%

Groceries

Item	Russellville	National avg.	Difference
Ground Beef	$5.67	$5.84	2.9%
Fried Chicken	$1.67	$1.57	6.2%
Milk	$4.49	$4.67	4.0%
Potatoes	$5.06	$4.93	2.5%
Pizza	$9.73	$12.09	19.5%
Beer	$10.23	$10.41	1.7%

Health Care

Item	Russellville	National avg.	Difference
Optometrist	$80.87	$125.68	35.7%
Doctor	$90.50	$135.78	33.3%
Dentist	$94.28	$113.29	16.8%
Ibuprofen	$10.04	$10.65	5.8%
Lipitor	$519.93	$468.60	11.0%

Housing

Item	Russellville	National avg.	Difference
Home Price	$97,400.00	$184,700.00	47.3%
Avg. Mortgage Payment	$1,703.27	$2,346.69	27.4%
Apartment Rent	$619.00	$949.00	34.8%

Transportation

Item	Russellville	National avg.	Difference
Gasoline	$3.14	$3.46	9.4%
Tire Balancing	$52.00	$59.92	13.2%

Utilities

Item	Russellville	National avg.	Difference
All Electricity	$180.93	$193.99	6.7%
Phone	$186.22	$192.25	3.1%

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.
Belgreen, AL	27	91	9.0%
Spruce Pine, AL	73	91	9.0%
Leighton, AL	789	76	23.8%
Hodges, AL	359	77	23.2%
Phil Campbell, AL	935	77	22.6%
Russellville, AL	9,803	81	19.4%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Coweta, OK	9,803	89	11.4%
Inwood, NY	9,804	150	49.9%
Orange Lake, NY	9,800	123	23.1%
Benton Harbor, MI	9,806	78	21.7%
Alcoa, TN	9,809	88	11.8%
Russellville, AL	9,803	81	19.4%