Cost of living in Russellville research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Russellville is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Alabama, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Russellville is 83, with 100 being the average.
The cost of living index in Russellville is 0.8x lower than the national average.
Russellville ranks as the #13 cheapest in Alabama out of 115.
Russellville ranks as the #491 cheapest out of 6,412 in the US.
The median home value in Russellville is $93,000.
The median income in Russellville is $43,829.
According to the most recent data on the cost of living, Russellville has an overall cost of living index of 83, which is 0.8x lower than the national index of 100.
Compared to Alabama, Russellville has a cost of living index that's 0.9x lower than Alabama's index of 88.
The standard of living in Russellville ranks as #13 most affordable out of the 115 places we measured in Alabama. By definition, that implies Russellville ranks as the #102 most expensive place in the Heart of Dixie.
For more reading on life in Russellville, check out:
Six factors go into calculating the cost of living index in Russellville. Here is how it fairs on each of the criteria:
The Services index in Russellville is 94.
The Groceries index in Russellville is 93.
The Health index in Russellville is 79.
The Housing index in Russellville is 55.
The Transportation index in Russellville is 93.
The Utilities index in Russellville is 99.
Living Expense | Russellville | Alabama | National Average | |
---|---|---|---|---|
Overall | 83 | 88 | 100 | |
Services | 94 | 95 | 100 | |
Groceries | 93 | 97 | 100 | |
Health | 79 | 88 | 100 | |
Housing | 55 | 69 | 100 | |
Transportation | 93 | 90 | 100 | |
Utilities | 99 | 101 | 100 |
Housing swings affordability the most between places in Alabama, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Russellville is $93,000.
The Median Rent in Russellville is $587.
The Median Income in Russellville is $43,829.
The Home Value To Income in Russellville is 2.1x.
The Rent To Monthly Income in Russellville is 0.16x.
Statistic | Russellville | Alabama | United States |
---|---|---|---|
Median Home Value | $93,000 | $157,100 | $244,900 |
Median Rent | $587 | $852 | $1,163 |
Median Income | $43,829 | $54,943 | $69,021 |
Home Value To Income | 2.1x | 2.9x | 3.5x |
Rent To Monthly Income | 0.16x | 0.19x | 0.2x |
Item | Russellville | Alabama |
---|---|---|
Shampoo | $1.2 | $1.06 |
Movie | $13.69 | $10.68 |
Bowling | $15.0 | $14.67 |
Haircut | $14.55 | $18.62 |
Beauty Salon | $36.68 | $39.05 |
Item | Russellville | Alabama |
---|---|---|
Ground Beef | $2.93 | $4.22 |
Fried Chicken | $1.52 | $1.39 |
Milk | $1.63 | $2.05 |
Potatoes | $2.94 | $3.29 |
Pizza | $9.64 | $10.62 |
Beer | $9.55 | $9.38 |
Toothpaste | $1.9 | $2.34 |
Item | Russellville | Alabama |
---|---|---|
Optometrist | $75.63 | $108.57 |
Doctor | $71.33 | $116.17 |
Dentist | $79.2 | $99.13 |
Item | Russellville | Alabama |
---|---|---|
Gasoline | $2.04 | $2.22 |
Tire Balancing | $46.47 | $50.07 |
Item | Russellville | Alabama |
---|---|---|
All Electricity | $160.98 | $167.67 |
Phone | $181.81 | $175.64 |
The cost of living varies in the cities and towns around Russellville. Here's a quick look at the cost of living in the most populous nearby places:
Decatur, AL has a cost of living index of 88, 1.1x Russellville.
Florence, AL has a cost of living index of 86, 1.0x Russellville.
Athens, AL has a cost of living index of 90, 1.1x Russellville.
City | Population | Cost Of Living | Vs. Russellville |
---|---|---|---|
Decatur, AL | 57,303 | 88 | 1.1x |
Florence, AL | 39,709 | 86 | 1.0x |
Athens, AL | 25,213 | 90 | 1.1x |
Muscle Shoals, AL | 15,969 | 89 | 1.1x |
Hartselle, AL | 15,308 | 87 | 1.0x |
Sheffield, AL | 9,305 | 80 | 1.0x |
Tuscumbia, AL | 8,977 | 85 | 1.0x |
Booneville, MS | 8,702 | 79 | 1.0x |