Russell County, VA Economy


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United States / Virginia / No Metro Area / Russell County / Cities / Zip Codes
Russell County, Virginia is a great place to live. The cost of living is surprisingly low, with the 2 bedroom rent at $790 compared to the US average of $1430. Additionally, the grocery cost index in Russell County is 94 versus 100 in the US. This makes it very affordable for people on a tight budget. Local businesses include Fletcher's Barbaque Restaurant, which serves up delicious smoked meats and sides. There is also Jack's Texaco Station, providing all of your fuel needs. Finally, there is Lee's Market offering competitive prices on all grocery items. All in all, Russell County offers a great quality of life at an affordable price.

Russell County has an unemployment rate of 5.8%. The US average is 6.0%.

Russell County has seen the job market decrease by -0.3% over the last year. Future job growth over the next ten years is predicted to be 18.4%, which is lower than the US average of 33.5%.

Tax Rates for Russell County
- The Sales Tax Rate for Russell County is 5.3%. The US average is 7.3%.
- The Income Tax Rate for Russell County is 5.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Russell County
- The average income of a Russell County resident is $20,117 a year. The US average is $28,555 a year.
- The Median household income of a Russell County resident is $41,100 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyRussell, VirginiaUnited States
  5.86
  -3.6%-6.2%
  18.4%33.5%
  5.3%6.2%
  5.8%4.6%
  $23,540$37,638
  $41,100$69,021
  $56,265$85,028
  Population by Occupation
  1.2%1.2%
  4.2%0.5%
  6.1%6.8%
  9.9%10.0%
  1.1%2.5%
  12.4%11.0%
  6.6%4.8%
  1.9%0.8%
  1.9%1.9%
  1.8%4.7%
  0.6%1.9%
  4.1%7.6%
  0.0%0.1%
  3.1%4.2%
  10.8%9.3%
  12.8%14.0%
  0.3%2.1%
  8.8%7.0%
  4.1%4.8%
  8.2%4.7%
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