Russellville, AL is a great place to live with many local businesses offering an array of amenities. The cost of living in Russellville is significantly lower than the US average, making it an attractive option for those looking to move. A two bedroom rental in Russellville costs $770 while that same rental elsewhere in the US would run $1430. Additionally, the Grocery Cost Index in Russellville stands at 93, while the national index is at 100. This means groceries are actually cheaper in this town compared to elsewhere in America. With its low rent prices and affordability of goods, this may be a desirable destination for families or individuals looking to save money. Local businesses include Walmart Supercenter, CVS Pharmacy and Lowe’s Home Improvement - all popular stores providing quality services and products throughout the community.
Russellville has an unemployment rate of 2.1%. The US average is 6.0%.
Russellville has seen the job market increase by 1.5% over the last year. Future job growth over the next ten years is predicted to be 36.7%, which is higher than the US average of 33.5%.
Tax Rates for Russellville
- The Sales Tax Rate for Russellville is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Russellville is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Russellville
- The average income of a Russellville resident is $16,912 a year. The US average is $28,555 a year.
- The Median household income of a Russellville resident is $43,829 a year. The US average is $69,021 a year.