Russiaville, IN is a small town located in central Indiana. Mainly known for its farming industry, it is home to local businesses such as the Russiaville Grocery and Walt's Auto Repair. Despite its small size, Russiaville offers plenty of amenities to its locals and visitors at an affordable price. The average two-bedroom rental in Russiaville goes for around $1,020 while the same sized rental across the US averages around $1,430. Additionally, groceries are also cheaper in Russiaville with a grocery cost index of 94 compared to 100 in the US overall. With low rent prices and a cheap grocery bill, it is no surprise that many people choose to live in this rural community as it offers a comfortable lifestyle for an affordable price.
Russiaville has an unemployment rate of 6.0%. The US average is 6.0%.
Russiaville has seen the job market increase by 4.9% over the last year. Future job growth over the next ten years is predicted to be 42.3%, which is higher than the US average of 33.5%.
Tax Rates for Russiaville
- The Sales Tax Rate for Russiaville is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Russiaville is 4.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Russiaville
- The average income of a Russiaville resident is $24,473 a year. The US average is $28,555 a year.
- The Median household income of a Russiaville resident is $75,789 a year. The US average is $69,021 a year.