Russell Springs, KS is a small town in Kansas that offers an affordable living arrangement to its residents. The cost of rent for a two bedroom apartment is $790 compared to the US average of $1,430, making Russell Springs an attractive option for those who want to save on monthly living costs. Additionally, the Grocery Cost Index in Russell Springs is 91 versus the US average of 100, further contributing to cost savings. The town has a range of local businesses that make up the Russell Springs economy including Alley Cats Antiques and Country Store, Lewis’s Pharmacy & Home Medical Supplies and Pizza Hut Express.
Russell Springs has an unemployment rate of 1.8%. The US average is 6.0%.
Russell Springs has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 20.0%, which is lower than the US average of 33.5%.
Tax Rates for Russell Springs
- The Sales Tax Rate for Russell Springs is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Russell Springs is 5.7%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Russell Springs
- The average income of a Russell Springs resident is $15,345 a year. The US average is $28,555 a year.
- The Median household income of a Russell Springs resident is $50,625 a year. The US average is $69,021 a year.