Russia, OH is a small rural town located in Shelby County. The cost of living there is comparatively lower than the national average due to the lower rent prices and low grocery cost index. A 2 bedroom apartment costs around $720, while across the US it averages out to around $1,430. The Grocery Cost Index in Russia, OH is 99 compared to 100 in the US. \nThe local economy relies heavily on agriculture as well as a few local businesses such as B & J Country Market, Rural King Supply and Yocum's Oil Company. All of these companies provide essential goods and services for locals while keeping prices affordable. Despite its small size and population, Russia has managed to remain an affordable option for those looking to relocate or just visit this beautiful small town.
Russia has an unemployment rate of 3.7%. The US average is 6.0%.
Russia has seen the job market decrease by -4.9% over the last year. Future job growth over the next ten years is predicted to be 24.9%, which is lower than the US average of 33.5%.
Tax Rates for Russia
- The Sales Tax Rate for Russia is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Russia is 4.7%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Russia
- The average income of a Russia resident is $31,613 a year. The US average is $37,638 a year.
- The Median household income of a Russia resident is $69,148 a year. The US average is $69,021 a year.