Russell Springs, KY
Population 2,755 · Kentucky
About Russell Springs, KY
Russell Springs is a small town located in Kentucky with a population of 2,755 residents according to the latest US Census Bureau American Community Survey data. The median household income is $37,500 per year, which is 50% below the national median of $75,149. The median age of 44.3 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Russell Springs features a median home value of $170,300, which is 30% below the national median of $244,900. This positions Russell Springs in a moderately priced market relative to the rest of the country. Median monthly rent is $747, 36% below the national average of $1,163/month. Of the 1,283 total housing units, 55% are owner-occupied (576 units) and 45% are renter-occupied (476 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Russell Springs shows an unemployment rate of 10.4%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 26.5%, above the national average of 12.4%. Workers in Russell Springs have an average one-way commute time of 13.8 minutes, one of the shorter commutes in the region.
Education & Demographics
27.3% of Russell Springs residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 2.7% White, 0.6% Hispanic or Latino, 0.0% Black or African American, and 0.3% Asian residents, with 0.1% of the population being foreign-born.
Cost of Living in Russell Springs, KY
Compared to national averages, Russell Springs has a median household income of $37,500 (50% below the national median of $75,149). Home values average $170,300, which is 30% below the national median. Monthly rent at $747 is 36% below the US average of $1,163. Within Kentucky, Russell Springs's income is 43% below the state average of $66,273, and home values are 7% below the state median of $182,504.
Why Live in Russell Springs, KY?
Russell Springs offers affordable housing with a median home value of $170,300, below the US average of $244,900, and rent that’s lower than the national average at $747/month, and short commute times averaging just 13.8 minutes.
Potential considerations include median household income ($37,500) that falls below the national average. However, Russell Springs’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Russell Springs has a population of 2,755 with a median age of 44.3 years. Compare Russell Springs with other cities to see how it stacks up, or explore all cities in Kentucky.
Similar Cities Near Russell Springs
Cities in Kentucky with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Morgantown | 2,729 | $37,037 | $111,400 | Compare |
| Eminence | 2,710 | $44,655 | $171,300 | Compare |
| Irvine | 2,811 | $36,292 | $123,400 | Compare |
| Pioneer Village | 2,690 | $79,566 | $233,400 | Compare |
| Lakeside Park | 2,827 | $108,971 | $346,600 | Compare |
| Thruston | 2,675 | $83,707 | $160,300 | Compare |
| Graymoor-Devondale | 2,838 | $90,972 | $330,300 | Compare |
| Tompkinsville | 2,672 | $37,405 | $86,100 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Kentucky
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Russell Springs With Other Cities
Frequently Asked Questions about Russell Springs
What is the population of Russell Springs, KY?
The population of Russell Springs, KY is 2,755 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Kentucky.
What is the median household income in Russell Springs?
The median household income in Russell Springs, KY is $37,500 per year, which is 50% below the national median of $75,149.
What is the median home value in Russell Springs?
The median home value in Russell Springs, KY is $170,300, which is 30% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Russell Springs?
The median monthly rent in Russell Springs, KY is $747, which is 36% below the national average of $1,163/month.
What is the unemployment rate in Russell Springs?
The unemployment rate in Russell Springs, KY is 10.4%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Russell Springs, KY a good place to live?
Russell Springs offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 2,755 and a median age of 44.3, the city appeals to a broad range of residents.
How educated is Russell Springs, KY?
27.3% of residents in Russell Springs 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 Russell Springs?
Key cost-of-living indicators for Russell Springs, KY: median home value is $170,300 (30% below national), median rent is $747/month, and median household income is $37,500. The home-value-to-income ratio is 4.5x, a moderate figure by national standards.
What is the poverty rate in Russell Springs?
The poverty rate in Russell Springs, KY is 26.5%, 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 Russell Springs, KY?
Russell Springs's population is 2.7% White, 0.6% Hispanic or Latino, 0.0% Black or African American, 0.3% Asian, and 0.7% two or more races. 0.1% of residents are foreign-born.