Russell, AR is a small town located in the Midwest with a population of around 4,500 people. It offers a low cost of living with two-bedroom rent averaging $680 compared to the US average of $1,430. Grocery costs are also lower than the national average at 90 versus 100. There are several local companies operating in Russell such as Brookshire's Grocery and Farmers Insurance Group as well as various restaurants and other businesses offering services to locals.
Russell has an unemployment rate of 4.9%. The US average is 6.0%.
Russell has seen the job market decrease by -0.7% 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 Russell
- The Sales Tax Rate for Russell is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Russell 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 Russell
- The average income of a Russell resident is $15,729 a year. The US average is $28,555 a year.
- The Median household income of a Russell resident is $20,469 a year. The US average is $69,021 a year.