A+
18%
Overall NAT. AVG.
17%
Goods & Services NAT. AVG.
28%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Russellville Arkansas National
Cost of living8286100
Goods & Services8398100
Groceries9695100
Health care8288100
Housing7265100
Transportation8790100
Utilities8992100

An Overview of Cost of Living in Russellville, AR

Are you thinking about relocating, but curious about the potential cost of living in Russellville? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Russellville stands at 82, making it 18% lower than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.

Everyday essentials such as clothing, personal hygiene products and entertainment all contribute to your overall cost of living. The good news is that in Russellville, these goods and services come in at 17% less than the national average. This means you can enjoy the things you need and love without breaking the bank. With such savings, you have the opportunity to allocate more funds towards your savings or other financial goals, ultimately enhancing your financial well-being.

What Do Locals Say About the Cost of Living in Russellville?

When it comes to knowing a city, its residents are the experts. We conducted a survey with 8 locals to understand their opinions on the cost of living in Russellville. The results indicated that 38% found it reasonably priced with decreasing prices of goods and services, while 63% viewed it as quite expensive, with increasing prices.

Is Russellville Affordable?

Is Russellville an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in Russellville is 27.9% lower than the national average, while the average monthly rent prices are 26.8% lower than average. The affordability of any location can also be influenced by median income levels. Russellville has a median household income of $37,436, which is 32.3% lower than the national average.

What Factors can Influence the Cost of Living in Russellville?

Utilities: Similar to the prices of any goods or services, utility expenses can fluctuate widely, contingent on variables such as climate, available energy sources, geographical location and state regulations. Costs associated with electricity, water, heating, and waste disposal can differ in magnitude, depending on the specific city or state. In Russellville, the utilities index registers at 11.4% lower than the national average.

Groceries: Grocery expenditures have undergone notable escalation over the last 2-3 years. In some markets, the cost of food products has surged by more than 20%, while others have experienced only modest increments. These fluctuations in food costs can have a significant impact on the overall cost of living in any region. In Russellville, the groceries index registers 4.5% lower than the national average.

Transportation: If public transportation is limited or not available, residents may need to own and maintain vehicles, which can add to the cost of living. Gas, insurance, regular maintenance and potentially lease or finance payments will all need to be paid on a monthly basis. In Russellville, the transportation index is 13% lower than the national average.

Where is the Data From?

The cost of living in Russellville, presented above is derived from the C2ER cost of living index, offering a practical method for assessing living cost disparities in urban areas. Published quarterly, this index compiles data from more than 300 independent researchers, encompassing over 60 goods and services in 6 categories. The weightings assigned to cost variances are informed by government survey data tracking the expenditure patterns of professional and executive households. It should be noted that the C2ER index does not include data on sales or income tax rates, however, AreaVibes incorporates tax rates into the overall cost of living score for each area.

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Cost Of Living Quick Facts

  • The cost of living in Russellville is 4% lower than the Arkansas average
  • The cost of living in Russellville is 18% lower than the national average
  • Russellville housing is 28% lower than the national average
  • Arkansas general sales tax is 27% higher than the national average
  • Arkansas state income tax is 23% lower than the national average

Most Affordable Places to Live in and Around Russellville

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Compare Russellville, AR Cost of Living

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      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$49,330$4,111$1,151$1,480
      Renters$30,631$2,553$715$919
      The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Russellville, AR, as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Russellville homeowners, is $49,330. This would allow for a maximum of $1,151 per month to be spent on housing costs. For renters, the median monthly income is $30,631 which would result in a maximum of $715 to be spent on rental costs.

      Arkansas Sales Tax

      State General Sales Tax With Max Surtax
      Arkansas 6.5% 11.625%

      Arkansas Income Tax

      State Income Tax (Low) Income Tax (High)
      Arkansas 2% 4.9%

      Goods & Services

      Item Russellville National avg. Difference
      Haircut $18.22$24.2624.9%
      Beauty Salon $24.22$45.5646.8%
      Toothpaste $3.67$3.701.0%
      Shampoo $1.06$1.2817.2%
      Movie $12.30$12.131.4%
      Bowling $13.83$18.0023.1%

      Groceries

      Item Russellville National avg. Difference
      Ground Beef $6.05$5.843.7%
      Fried Chicken $1.41$1.5710.1%
      Milk $4.49$4.673.8%
      Potatoes $5.22$4.935.8%
      Pizza $10.19$12.0915.7%
      Beer $9.93$10.414.6%

      Health Care

      Item Russellville National avg. Difference
      Optometrist $92.22$125.6826.6%
      Doctor $99.44$135.7826.8%
      Dentist $87.02$113.2923.2%
      Ibuprofen $10.02$10.655.9%
      Lipitor $368.13$468.6021.4%

      Housing

      Item Russellville National avg. Difference
      Home Price $133,100.00$184,700.0027.9%
      Avg. Mortgage Payment $1,644.20$2,346.6929.9%
      Apartment Rent $695.00$949.0026.8%

      Transportation

      Item Russellville National avg. Difference
      Gasoline $3.07$3.4611.2%
      Tire Balancing $52.43$59.9212.5%

      Utilities

      Item Russellville National avg. Difference
      All Electricity $150.91$193.9922.2%
      Phone $202.72$192.255.4%
      Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Hector, AR4257524.6%
      Atkins, AR3,0317624.3%
      Lamar, AR1,6967623.8%
      London, AR7687722.7%
      Knoxville, AR6237822.3%
      Russellville, AR29,2278217.6%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Laplace, LA29,232954.8%
      Central, LA29,2351054.7%
      Port Chester, NY29,21014847.6%
      Niles, IL29,19811616.4%
      Raytown, MO29,1768812.1%
      Russellville, AR29,2278217.6%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.