Russellville, IN
Population 301 · Indiana
About Russellville, IN
Russellville is a small community located in Indiana with a population of 301 residents according to the latest US Census Bureau American Community Survey data. The median household income is $71,429 per year, which is 5% below the national median of $75,149. The median age of 34 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Russellville features a median home value of $90,000, which is 63% below the national median of $244,900. This makes Russellville one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 143 total housing units, 93% are owner-occupied (112 units) and 7% are renter-occupied (8 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Russellville shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 15.3%, above the national average of 12.4%. Workers in Russellville have an average one-way commute time of 31.6 minutes.
Education & Demographics
6.8% of Russellville residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.7% of the population being foreign-born.
Cost of Living in Russellville, IN
Compared to national averages, Russellville has a median household income of $71,429 (5% below the national median of $75,149). Home values average $90,000, which is 63% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Indiana, Russellville's income is 3% above the state average of $69,330, and home values are 45% below the state median of $163,409.
Why Live in Russellville, IN?
Russellville offers affordable housing with a median home value of $90,000, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 0.0%.
Potential considerations include median household income ($71,429) that falls below the national average. However, Russellville’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Russellville has a population of 301 with a median age of 34 years. Compare Russellville with other cities to see how it stacks up, or explore all cities in Indiana.
Similar Cities Near Russellville
Cities in Indiana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Bloomingdale | 302 | $50,000 | $88,300 | Compare |
| Hayden | 300 | $0 | $89,600 | Compare |
| Grammer | 298 | $0 | $0 | Compare |
| Young America | 298 | $51,667 | $109,900 | Compare |
| Lagro | 305 | $60,000 | $78,000 | Compare |
| Otter Lake | 297 | $153,162 | $242,200 | Compare |
| Prairie Creek | 297 | $38,720 | $98,000 | Compare |
| Needmore | 307 | $68,125 | $68,800 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Indiana
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Russellville With Other Cities
Frequently Asked Questions about Russellville
What is the population of Russellville, IN?
The population of Russellville, IN is 301 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Indiana.
What is the median household income in Russellville?
The median household income in Russellville, IN is $71,429 per year, which is 5% below the national median of $75,149.
What is the median home value in Russellville?
The median home value in Russellville, IN is $90,000, which is 63% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Russellville?
The median monthly rent in Russellville, IN is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Russellville?
The unemployment rate in Russellville, IN is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Russellville, IN a good place to live?
Russellville offers a moderate cost of living, affordable housing, and a strong job market. With a population of 301 and a median age of 34, the city appeals to young professionals and families.
How educated is Russellville, IN?
6.8% of residents in Russellville aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Russellville?
Key cost-of-living indicators for Russellville, IN: median home value is $90,000 (63% below national), median rent is $0/month, and median household income is $71,429. The home-value-to-income ratio is 1.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Russellville?
The poverty rate in Russellville, IN is 15.3%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Russellville, IN?
Russellville's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.7% of residents are foreign-born.