Cost Of Living in Russellville, AL

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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

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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

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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	$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%