Russellville, AR is a small city situated in the northwest corner of Arkansas. The cost of living in Russellville is quite reasonable when compared to other cities across the USA. Specifically, two bedroom rent costs an average of $730 per month -- significantly less than that of the US average which clocks in at $1,430 per month. Similarly, grocery cost index in Russellville is 94 out of 100 versus the US index of 100. With such low living costs, it comes as no surprise that many locals choose to remain and build their lives in Russellville.
In addition to a reasonable cost of living, Russellville has plenty to offer its residents. Local attractions and companies include Lake Dardanelle State Park where visitors can take part in activities such as camping, hiking and fishing; Cook's Drive-in which offers classic American dishes; The Arkansas Nuclear One where visitors can explore the science behind energy production; and The Rodeo of the Ozarks which features several outdoor activities including concerts and rodeos.
Russellville has an unemployment rate of 4.3%. The US average is 6.0%.
Russellville has seen the job market decrease by -1.9% over the last year. Future job growth over the next ten years is predicted to be 21.3%, which is lower than the US average of 33.5%.
Tax Rates for Russellville
- The Sales Tax Rate for Russellville is 8.2%. The US average is 7.3%.
- The Income Tax Rate for Russellville is 6.9%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Russellville
- The average income of a Russellville resident is $18,942 a year. The US average is $28,555 a year.
- The Median household income of a Russellville resident is $38,908 a year. The US average is $69,021 a year.