Russell, KY is a small city located in western Kentucky. Home to several local businesses such as Russell True Value Hardware, Abner's Auto & Truck Parts, and Pecar’s Sporting Goods, Russell provides an inviting atmosphere for those looking for someplace rural yet diverse. The cost of living in Russell is very affordable with rent for two bedrooms costing only $790 compared to the US average of $1,430. Grocery costs also have a significant difference with the grocery index in Russell being 101 versus 100 in the US on average. With these factors combined, it is no wonder why people are increasingly drawn to Russell.
Russell has an unemployment rate of 7.1%. The US average is 6.0%.
Russell has seen the job market increase by 0.1% over the last year. Future job growth over the next ten years is predicted to be 24.0%, which is lower than the US average of 33.5%.
Tax Rates for Russell
- The Sales Tax Rate for Russell is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Russell is 6.7%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Russell
- The average income of a Russell resident is $29,202 a year. The US average is $28,555 a year.
- The Median household income of a Russell resident is $76,442 a year. The US average is $69,021 a year.