Russell, MN is a small town located in southwest Minnesota. It has a population of around 557 people as of the 2020 census, making it an ideal place for those looking for a quieter lifestyle. Despite its size, Russell offers many amenities and attractions for residents and visitors alike. Local businesses include K & S Express convenience store, Kimrey's Taxidermy, Groschen Automotive and Repair, and Starlite Cafe. In addition to these businesses, there are several parks and nature centers nearby that offer outdoor activities such as hiking, fishing, bird watching, and more. For those looking for a unique experience, there are also festivals held throughout the year in Russell. All in all, Russell provides plenty of things to do whether you're looking for a night out or just want to explore the outdoors.
Russell has an unemployment rate of 4.2%. The US average is 6.0%.
Russell has seen the job market increase by 0.1% over the last year. Future job growth over the next ten years is predicted to be 22.0%, which is lower than the US average of 33.5%.
Tax Rates for Russell
- The Sales Tax Rate for Russell is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Russell is 7.1%. 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 $24,920 a year. The US average is $28,555 a year.
- The Median household income of a Russell resident is $56,094 a year. The US average is $69,021 a year.