Russell County, AL Economy


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United States / Alabama / / Russell County / Cities / Zip Codes
Russell, AL County is a great place to live for those looking for a small town. The average 2 bedroom rent in the county is $950 per month which is significantly lower than the national average of $1,430. The cost of groceries in Russell County also tends to be lower than the US with an index of 94 compared to 100 in the US. This makes it an attractive destination for those looking for affordable living. There are many local businesses in the area such as Oster's Grocery Store, Layton's Steakhouse, Anderson Pharmacy and Hale Hardware Store. With its low cost of living and plethora of small businesses, Russell County offers residents a quality life at an affordable price.

Russell County has an unemployment rate of 2.8%. The US average is 6.0%.

Russell County has seen the job market increase by 1.9% over the last year. Future job growth over the next ten years is predicted to be 25.6%, which is lower than the US average of 33.5%.

Tax Rates for Russell County
- The Sales Tax Rate for Russell County is 8.8%. The US average is 7.3%.
- The Income Tax Rate for Russell County 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 Russell County
- The average income of a Russell County resident is $19,652 a year. The US average is $28,555 a year.
- The Median household income of a Russell County resident is $44,065 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyRussell, AlabamaUnited States
  2.86
  -3.1%-6.2%
  25.6%33.5%
  8.0%6.2%
  5.0%4.6%
  $24,871$37,638
  $44,065$69,021
  $56,172$85,028
  Population by Occupation
  1.7%1.2%
  0.0%0.5%
  6.6%6.8%
  14.5%10.0%
  1.4%2.5%
  14.2%11.0%
  5.3%4.8%
  1.0%0.8%
  1.2%1.9%
  5.7%4.7%
  1.0%1.9%
  4.6%7.6%
  0.1%0.1%
  4.3%4.2%
  6.2%9.3%
  12.8%14.0%
  1.2%2.1%
  6.9%7.0%
  3.9%4.8%
  7.5%4.7%
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