Cost of Living in Russellville, KY

Population 7,244 · Kentucky · Data vintage 2023

52
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Household incomes in Russellville run well below national norms — a median of $47,875 versus the $74,580 US figure. Housing costs partially offset that gap (typical home values around $156,000). Unemployment has stayed elevated relative to the national figure — 7.4% as of the most recent ACS release — which shows up in household-income and poverty figures as well.

Located 30 miles northeast of Clarksville, Russellville falls within that metro's commuting orbit. Median home values run roughly 34% lower than Clarksville's $236,000.

Cost Overview

Housing 51
Rent 54

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Russellville

The median home value in Russellville is $156,000 — 49% below the national median of $305,000. Median rent runs $711/month, 46% lower than the national median of $1,314/month. The median household income of $47,875/year is 36% lower than the US median of $74,580. The local unemployment rate is 7.4%, above the national average of 4.8%. Kentucky's top state income tax rate is 4.0% and the combined sales tax is 6.0%. Overall, Russellville has a cost of living index of 52 versus the US average of 100, meaning it is 48% less expensive.

🏠 Housing

Median Home Value
$156,000
49% below avg
Zillow Home Value
$188,003
Zillow ZHVI
Median Rent
$711/mo
46% below avg
Price-to-Rent Ratio
18.3x
Favors buying
Property Tax Rate
0.9%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$636
1 BR
$721
2 BR
$872
3 BR
$1,187
4 BR
$1,336
Owner-occupied 56.9%
Renter-occupied 43.1%

💰 Estimated Monthly Budget

Rent median rent
$711
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,325/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
24.5 min
9% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
3.5%

Commute Mode

Drove alone
82.5%
Carpooled
11.5%
Work from home
3.5%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax (flat) 4.0%
Total Sales Tax 6.0%
State rate 6.0%
Avg local rate 0.0%
Property Tax 0.9%

💼 Income & Employment

Median Household Income
$47,875
36% below avg
Per Capita Income
$25,266
Unemployment Rate
7.4%
54% above avg
Poverty Rate
16.8%
Labor Force Participation
54.2%

🎓 Education

Bachelor's degree+ 8.4%
Graduate degree 4.8%

👥 Demographics

Median Age 41.9
Male median age 42.3
Female median age 41.8

🏫 Schools

NCES CCD 2019 — public school district data

91.1%
4-Year Graduation Rate
16.2:1
Student-teacher ratio
10
Public schools
4,570
Total enrollment

Frequently Asked Questions

What is the cost of living in Russellville, KY?

Russellville has a cost index of 52 (100 = national average). It is 48% below the national average.

What is average rent in Russellville, KY?

The median gross rent in Russellville is $711 per month based on 2023 Census data.

What is the average home price in Russellville?

The median home value in Russellville is $156,000 according to Zillow and Census data.

What is the median income in Russellville?

The median household income in Russellville is $47,875 per year (2023 ACS 5-year estimates).

What is the sales tax in Russellville, KY?

The combined state and local sales tax rate in Russellville is 6.0%. The Kentucky state income tax top rate is 4.0%.

Is Russellville, KY affordable?

Yes, Russellville is generally considered affordable, with a cost of living index of 52 — about 48% below the US national average of 100.

Russellville at a Glance

Population
7,244
Median Income
$47,875
Home Value
$156,000
Median Rent
$711/mo
Unemployment
7.4%
Sales Tax
6.0%
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Explore county-level cost of living data

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