Living in Russell, Iowa
Cost of living, income, home prices, rent and demographics of Russell · Census data 2020–2024
Russell has 613 residents with a median age of 54. The median household income is $44,821 (40% lower than the Iowa median), the median home value is $61,500, the median rent is $589/month.
Russell is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Russell at a glance
- Population
- 613
- Median age
- 54State: 38.6
- Median household income
- $44,821State: $75,059
- Median home value
- $61,500State: $208,000
- Median rent
- $589/moState: $972
- Homeowners
- 87.2%
- Bachelor's degree or higher
- 6.7%
- Average commute
- 27 min
Is Russell a good place to live?
Pros: Home values 70% lower than the state median; unemployment of 0.8%.
Cons: Median household income 40% lower than the Iowa median; an average commute of 27 minutes; a poverty rate of 24.6%.
The weather is best in June to September.
Cost of living in Russell
Housing is the biggest part of the cost of living. In Russell the median home value is $61,500, 82% lower than the U.S. median. Renters pay a median of $589 per month, which is 28.8% of household income. Homeowners with a mortgage pay $950 a month in housing costs.
Russell median household income
The median household income in Russell is $44,821 and the income per person is $28,574. 24.6% of residents live below the poverty line (Iowa: 11.1%).
Housing in Russell: homes for sale and rent
- Housing units
- 362
- Owner-occupied
- 87.2%
- Renter-occupied
- 12.8%
- Vacant
- 11.3%Includes seasonal homes
- Median year built
- 1940
- Average household size
- 1.91
Russell demographics
- Population
- 613
- Median age
- 54
- Under 18
- 15%
- 65 and older
- 33.6%
- Households
- 321
- Foreign-born
- 0%
- Veterans
- 6.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Russell ›
Education in Russell
6.7% of adults 25 and older in Russell have a bachelor's degree or higher (Iowa: 31.4%), and 0% have a graduate or professional degree.
Jobs and commute in Russell
- Unemployment rate
- 0.8%State: 3.6%
- Average commute
- 27 minState: 20 min
- Work from home
- 6.3%
- Drive alone
- 79.7%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 70.4%
Russell vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Russell | 613 | $44,821 | $61,500 | $589 |
| Chariton | 4,242 | $46,979 | $81,900 | $689 |
| Melrose | 115 | $56,250 | $75,000 | — |
| Williamson | 190 | $45,000 | — | $631 |
| Derby | 110 | $56,250 | $92,500 | — |
| Lucas | 145 | $25,500 | $33,800 | — |
| Promise City | 105 | $41,563 | $53,900 | $625 |
| Corydon | 1,628 | $51,250 | $92,400 | $776 |
| Melcher-Dallas | 1,176 | $58,611 | $99,800 | $789 |
More for people moving to Russell
Russell ZIP code ›Weather and climate ›Living in Russell: FAQ
What is the median household income in Russell, IA?
The median household income in Russell is $44,821, 40% lower than the Iowa median of $75,059 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Russell?
The median home value in Russell is $61,500, compared with $208,000 in Iowa.
How much is rent in Russell?
The median gross rent in Russell is $589 per month, about 28.8% of household income.
Is Russell, IA a good place to live?
Pluses: home values 70% lower than the state median; unemployment of 0.8%. Minuses: median household income 40% lower than the Iowa median; an average commute of 27 minutes; a poverty rate of 24.6%.
What is the median age in Russell?
The median age in Russell is 54 years (Iowa: 38.6).
How long is the commute in Russell?
The average commute to work in Russell is 27 minutes; 6.3% of workers work from home.
What is the unemployment rate in Russell?
The unemployment rate in Russell is 0.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Russell?
6.7% of adults in Russell have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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