Housing costs in Russell?
A typical home costs
$134,300, which is 60.3% less expensive than the national average of
$338,100 and 31.1% less expensive than the average Iowa home, at
$194,900. Renting a two-bedroom unit in Russell costs
$940 per month, which is 34.3% cheaper than the national average of
$1,430 and close to the state average of
$930.
Can I afford Russell?
To live comfortably in Russell, Iowa, a minimum annual income of
$25,560 for a family, and
$28,800 for a single person is recommended.
What does A.I. say about Russell?
The cost of living in Russell, IA is relatively low, making it an attractive place to live and work for many families. According to the most recent numbers from the BestPlaces Bureau, the median home value in Russell is approximately $111,000, significantly lower than the national average of $181,700. The median household income in Russell is around $45,000; however, due to the lower cost of living here, many families find they can still have a comfortable life while being able to save money for other goals or investments. Prices on goods and services are generally lower than other regions of the country as well, making it an ideal location for those looking to stretch their dollars further.