Cost of Living in Russell, IA
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
75.7
100 = national avg
-24.3 vs national average
Living Wage (1 Adult)
$33,327
per year
Living Wage (Family of 4)
$78,772
per year
Cost Index by Category
Housing61.4
Food88.8
Transportation77.6
Healthcare91.0
Utilities85.6
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$743
per month
2 Bedroom
$975
per month
The overall cost of living index in Russell is 75.7, which is 24.3% below the national average. Housing costs are below the national average at an index of 61.4. A single adult needs to earn approximately $33,327 per year to cover basic expenses.