Russellville, TN (37860) is a charming town nestled in the foothills of the Appalachian Mountains. The population is approximately 2,900, with a median income for about $30,000 annually. There are several notable companies located in Russellville such as Russellville Foods Inc., L&L Logistics LLC, and AppTech Solutions Inc., providing a wide variety of employment options to the local community. The cost of living in Russellville is quite reasonable compared to many other places in the US. For example, rent for a two bedroom apartment is approximately $720 per month on average as opposed to the national average which stands at $1,430 per month. Similarly, grocery cost index in Russellville stands at 96 versus 100 nationally so shoppers will find their dollar stretching further compared to other locations in the US.
Russellville (zip 37860) has an unemployment rate of 5.6%. The US average is 6.0%.
Russellville (zip 37860) has seen the job market decrease by -3.9% over the last year. Future job growth over the next ten years is predicted to be 38.8%, which is higher than the US average of 33.5%.
Tax Rates for Russellville (zip 37860)
- The Sales Tax Rate for Russellville (zip 37860) is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Russellville (zip 37860) is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Russellville (zip 37860)
- The average income of a Russellville (zip 37860) resident is $26,978 a year. The US average is $37,638 a year.
- The Median household income of a Russellville (zip 37860) resident is $50,556 a year. The US average is $69,021 a year.