Russell, IA
Population 551 · Iowa
About Russell, IA
Russell is a small community in Iowa with a population of 551 residents. The median household income is $50,750 per year, which is near the national average. The median age in Russell is 56.8 years.
Housing in Russell has a median home value of $60,400 and median monthly rent of $775. Of the 329 total housing units, the majority are owner-occupied, with 257 owner-occupied and 26 renter-occupied units.
The unemployment rate in Russell is 0.9% and the poverty rate is 18.5%. 5.1% of residents hold a bachelor's degree or higher. The average commute time is 24 minutes.
Cost of Living in Russell, IA
Compared to national averages, Russell has a median household income of $50,750 (32% below the national median of $75,149). Home values average $60,400, which is 75% below the national median. Monthly rent at $775 is 33% below the US average of $1,163. Within Iowa, Russell's income is 25% below the state average of $67,947, and home values are 54% below the state median of $132,237.
Why Live in Russell, IA?
Russell offers affordable housing with a median home value of $60,400, below the US average of $244,900, and rent that’s lower than the national average at $775/month, and a strong job market with an unemployment rate of just 0.9%. Additionally, the city features short commute times averaging just 24 minutes.
Potential considerations include median household income ($50,750) that falls below the national average. However, Russell’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Russell has a population of 551 with a median age of 56.8 years. Compare Russell with other cities to see how it stacks up, or explore all cities in Iowa.
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Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Russell
What is the population of Russell, IA?
The population of Russell, IA is 551 according to the latest Census data.
What is the median household income in Russell?
The median household income in Russell, IA is $50,750 per year.
What is the median home value in Russell?
The median home value in Russell, IA is $60,400.
What is the average rent in Russell?
The median monthly rent in Russell, IA is $775.
What is the unemployment rate in Russell?
The unemployment rate in Russell, IA is 0.9%.