| Index | Russellville | Arkansas | National |
| Cost of living | 89 | 86 | 100 |
| Groceries | 95 | 96 | 100 |
| Health care | 96 | 95 | 100 |
| Housing | 75 | 67 | 100 |
| Transportation | 96 | 94 | 100 |
| Utilities | 96 | 93 | 100 |
| Lifestyle & Entertainment | 93 | 93 | 100 |
| Household Items | 98 | 96 | 100 |
| Education & Childcare | 95 | 92 | 100 |
Knowing the cost of living in Russellville allows individuals to create a realistic budget. This helps them understand how their income will cover expenses and whether they need to make financial adjustments. The cost of living in any region can fluctuate due to various factors. To assess the cost of living consistently across different areas, a national average of 100 serves as the basis for the cost of living index. The cost of living in Russellville stands at 89, marking it 11% lower than the national average.
When it comes to knowing a city, its residents are the experts. We conducted a survey with 8 locals to understand their opinions on the cost of living in Russellville. The results indicated that 38% found it reasonably priced with decreasing prices of goods and services, while 63% viewed it as quite expensive, with increasing prices.
Is Russellville affordable? It's a key consideration when pondering a move, as affordability often shapes your choices. The cost of living index (we discussed it earlier), coupled with housing costs and income levels, serves as the cornerstone for determining a location's affordability. Take Russellville, for instance, where the median home price falls 24.8% lower than the national average, and monthly rent rates are 26.5% lower than usual. Additionally, median income levels contribute to the equation, with Russellville flaunting a median household income of $56,384, 30.7% lower than the national norm.
Subsidies: Certain cities or states may implement government subsidies or assistance programs with the goal of alleviating the cost of living pressures on their residents. These programs encompass a broad spectrum of support mechanisms, including Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and farming subsidies. Areas offering fewer subsidies may experience a rise in their cost of living.
Housing: A sought-after location with high housing demand often leads to increased property values and rental rates, which can significantly inflate the overall cost of living. Conversely, areas with low housing demand, particularly in less desirable locales, tend to experience the opposite effect, causing prices to drop and contributing to a more affordable cost of living. In Russellville, the housing index stands at 25.3% lower than the national average.
Transportation: If public transportation is limited or not available, residents may need to own and maintain vehicles, which can add to the cost of living. Gas, insurance, regular maintenance and potentially lease or finance payments will all need to be paid on a monthly basis. In Russellville, the transportation index is 3.9% 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 | $74,363 | $6,197 | $1,735 | $2,231 |
| Renters | $45,604 | $3,800 | $1,064 | $1,368 |
| State | General Sales Tax | With Max Surtax |
| Arkansas | 6.5% | 11.625% |
| State | Income Tax (Low) | Income Tax (High) |
| Arkansas | 2% | 4.9% |
| City | Population | Cost of Living Index | National Avg. |
| Hector, AR | 438 | 82 | 18.1% |
| Atkins, AR | 3,095 | 82 | 17.9% |
| Lamar, AR | 1,752 | 81 | 18.6% |
| London, AR | 788 | 83 | 16.6% |
| Knoxville, AR | 647 | 84 | 16.0% |
| Russellville, AR | 30,049 | 89 | 10.6% |
| City | Population | Cost of Living Index | National Avg. |
| Carlsbad, NM | 30,034 | 96 | 4.2% |
| Eagle Pass, TX | 30,071 | 91 | 9.5% |
| Seguin, TX | 30,071 | 94 | 6.2% |
| Niles, IL | 30,019 | 115 | 14.8% |
| Crofton, MD | 30,100 | 139 | 39.2% |
| Russellville, AR | 30,049 | 89 | 10.6% |
Here are the best places to live in Arkansas
See the best places to live in Russellville
Safest Cities In The US
These are the largest cities in Arkansas