46175 Russellville, IN is a small town with a population of just over 400 people. The average rent for a 2 bedroom home in the area is $890, which is significantly lower than the U.S. average of $1,430. Similarly, the Grocery Cost Index for 46175 Russellville is 91 compared to 100 in the U.S., making groceries cheaper in this area than in many other places around the country.
Local companies that contribute to the economy of Russellville include Thompson's Flooring & Design, Erwin's Antique Tractor Parts, and JV Autobody Supply. The cost of living here is quite affordable for both families and single person households alike due to the low rent rates and grocery prices as well as multiple job opportunities available from these local businesses.
Russellville (zip 46175) has an unemployment rate of 4.2%. The US average is 6.0%.
Russellville (zip 46175) has seen the job market decrease by -4.8% over the last year. Future job growth over the next ten years is predicted to be 35.1%, which is higher than the US average of 33.5%.
Tax Rates for Russellville (zip 46175)
- The Sales Tax Rate for Russellville (zip 46175) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Russellville (zip 46175) 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 Russellville (zip 46175)
- The average income of a Russellville (zip 46175) resident is $29,725 a year. The US average is $37,638 a year.
- The Median household income of a Russellville (zip 46175) resident is $73,056 a year. The US average is $69,021 a year.