Cost of Living in Russell, PA

With a cost of living index of 69, Russell, PA is one of the most affordable cities in the country. Living here is 31% cheaper than the national average and 14% below the Pennsylvania state average of 83. Russell is a small community of 1,300 residents.

Housing costs are the biggest factor in Russell's cost of living. The median monthly rent is $654 (50% below the US median of $1,319), and the median home value sits at $192,200 (37% below the national median of $304,900). At current prices, the median home costs roughly 2x the median household income — well within traditional affordability guidelines.

The median household income in Russell is $97,647, which is 30% higher than the national median of $75,149. Residents spend roughly 8% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.