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 Arkansas, 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 81, with 100 being the average.
The cost of living index in Russellville is 0.8x lower than the national average.
Russellville ranks as the #18 cheapest in Arkansas out of 65.
Russellville ranks as the #290 cheapest out of 6,412 in the US.
The median home value in Russellville is $135,500.
The median income in Russellville is $38,908.
According to the most recent data on the cost of living, Russellville has an overall cost of living index of 81, which is 0.8x lower than the national index of 100.
Compared to Arkansas, Russellville has a cost of living index that's 0.9x lower than Arkansas's index of 90.
The standard of living in Russellville ranks as #18 most affordable out of the 65 places we measured in Arkansas. By definition, that implies Russellville ranks as the #47 most expensive place in the Natural State.
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 85.
The Groceries index in Russellville is 84.
The Health index in Russellville is 85.
The Housing index in Russellville is 72.
The Transportation index in Russellville is 91.
The Utilities index in Russellville is 87.
Living Expense | Russellville | Arkansas | National Average | |
---|---|---|---|---|
Overall | 81 | 90 | 100 | |
Services | 85 | 98 | 100 | |
Groceries | 84 | 94 | 100 | |
Health | 85 | 85 | 100 | |
Housing | 72 | 76 | 100 | |
Transportation | 91 | 90 | 100 | |
Utilities | 87 | 95 | 100 |
Housing swings affordability the most between places in Arkansas, 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 $135,500.
The Median Rent in Russellville is $733.
The Median Income in Russellville is $38,908.
The Home Value To Income in Russellville is 3.5x.
The Rent To Monthly Income in Russellville is 0.23x.
Statistic | Russellville | Arkansas | United States |
---|---|---|---|
Median Home Value | $135,500 | $142,100 | $244,900 |
Median Rent | $733 | $803 | $1,163 |
Median Income | $38,908 | $52,123 | $69,021 |
Home Value To Income | 3.5x | 2.7x | 3.5x |
Rent To Monthly Income | 0.23x | 0.18x | 0.2x |
Item | Russellville | Arkansas |
---|---|---|
Shampoo | $0.88 | $1.06 |
Movie | $9.5 | $10.68 |
Bowling | $13.05 | $14.67 |
Haircut | $14.72 | $18.62 |
Beauty Salon | $24.58 | $39.05 |
Item | Russellville | Arkansas |
---|---|---|
Ground Beef | $4.01 | $4.22 |
Fried Chicken | $1.11 | $1.39 |
Milk | $1.81 | $2.05 |
Potatoes | $2.56 | $3.29 |
Pizza | $10.11 | $10.62 |
Beer | $8.51 | $9.38 |
Toothpaste | $1.82 | $2.34 |
Item | Russellville | Arkansas |
---|---|---|
Optometrist | $110.67 | $108.57 |
Doctor | $108.56 | $116.17 |
Dentist | $69.63 | $99.13 |
Item | Russellville | Arkansas |
---|---|---|
Gasoline | $1.93 | $2.22 |
Tire Balancing | $48.87 | $50.07 |
Item | Russellville | Arkansas |
---|---|---|
All Electricity | $122.13 | $167.67 |
Phone | $194.14 | $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:
Conway, AR has a cost of living index of 87, 1.1x Russellville.
Hot Springs, AR has a cost of living index of 87, 1.1x Russellville.
Clarksville, AR has a cost of living index of 78, 1.0x Russellville.
City | Population | Cost Of Living | Vs. Russellville |
---|---|---|---|
Conway, AR | 63,746 | 87 | 1.1x |
Hot Springs, AR | 38,050 | 87 | 1.1x |
Clarksville, AR | 9,444 | 78 | 1.0x |
Morrilton, AR | 6,948 | 78 | 1.0x |