Quick facts: Russellville, KY

Quick Facts

99.8
Cost of Living
below US average
7,282
Population
27.74
Crime Rate per 1000
above US average
$45,484
Median Income
below US average
$225,000
Median House Price
above US average
$1104.33
Average Rent
below US average
15%
Poverty Rate
above US average
4.0%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $45,484.

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Income Needed to Buy

βœ— Stretch
$71k/year
Based on $225,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $71k vs median $45,484
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Income Needed to Rent

⚠ Stretch
$47k/year
Based on $1104.33/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $47k vs median $45,484
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Russellville, KY

Russellville is a charming city located in Logan County, Kentucky. Known for its rich history and small-town appeal, Russellville serves as an agricultural and commercial hub for the surrounding region. The city was founded in the early 19th century and is steeped in a vibrant heritage, evident in its historic buildings and local landmarks. One of the key attractions in Russellville is the historic downtown area, where visitors can explore various shops, cafes, and restaurants that capture the town's quaint character. The city also hosts several annual events, including the Russellville-Logan County Farmers’ Market, which showcases local produce and crafts, fostering a sense of community. Russellville is surrounded by stunning natural landscapes, offering opportunities for hiking, fishing, and outdoor activities, particularly in the nearby Lake Malone State Park. The city's proximity to larger urban areas, including Bowling Green, provides easy access to additional amenities and attractions. Education is an important focus in Russellville, with dedicated schools supporting its youth. Overall, Russellville combines tradition, community spirit, and a picturesque setting, making it an appealing place to live and visit in Kentucky.

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