Russell, IA is a small town located in Warren County with a population of just under 500 people. It is known for its quiet atmosphere and friendly locals. The cost of living in Russell is relatively low compared to the U.S., as evidenced by the 2 bedroom rent, which is $930 compared to the US average of $1,430. Additionally, the grocery cost index in Russell is 93 versus 100 in the US, indicating that groceries are cheaper here than across most of America.
Residents looking for work can find jobs at local businesses such as Russell Grocery & Deli, Gene's Super Wash Laundromat and Dry Cleaning, Don's Nursery & Garden Center, or Hillcrest Nursery & Greenhouse. The family-owned Scott's Small Engine Service also offers repair services for engines big and small. There are also various churches located throughout Russell that help serve community members spiritually. With its low cost of living and many local amenities, Russell provides a nice place to settle down for those looking for a more laid-back lifestyle.
Russell (zip 50238) has an unemployment rate of 3.2%. The US average is 6.0%.
Russell (zip 50238) has seen the job market decrease by -2.7% over the last year. Future job growth over the next ten years is predicted to be 25.1%, which is lower than the US average of 33.5%.
Tax Rates for Russell (zip 50238)
- The Sales Tax Rate for Russell (zip 50238) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Russell (zip 50238) is 9.1%. The US average is 4.6%.
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Income and Salaries for Russell (zip 50238)
- The average income of a Russell (zip 50238) resident is $21,256 a year. The US average is $37,638 a year.
- The Median household income of a Russell (zip 50238) resident is $48,819 a year. The US average is $69,021 a year.