What is the median household income in Russell Springs, KY?
The median household income in Russell Springs, KY is $38,697 (±$5,231) a year (2020–2024 American Community Survey).
Paying the median gross rent of $745 a month would take about $29,800 a year at the common guideline of spending no more than 30% of income on rent.
In Russell Springs, the median household income went from $30,925 in 2015–2019 to $38,697 in 2020–2024 (+25.1%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median household income
- $38,697 (±$5,231)
- Median renter income
- $27,784 (±$24,257)
- Income to afford median rent
- about $29,800
Income in Russell Springs against Russell County, its state and the nation
| Russell Springs | Russell County | Kentucky | United States | |
|---|---|---|---|---|
| Median household income | $38,697 (±$5,231) | $44,738 (±$7,625) | $63,726 (±$429) | $80,734 |
| Median renter household income | $27,784 (±$24,257) | $25,460 (±$6,516) | $39,858 (±$584) | $52,966 |
| Median owner household income | $55,625 (±$28,672) | $57,881 (±$5,214) | $78,998 (±$476) | $100,009 |
| Median gross rent | $745 (±$216) | $681 (±$45) | $967 (±$5) | $1,413 |
In Russell Springs, median household income is not measurably different from Russell County ($44,738).
It is also lower than in Kentucky ($63,726).
It is lower than the national figure ($80,734).
Statewide, it ranks 368 of 438.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How much you need to earn to rent in Russell Springs
Many landlords and housing programs use 30% of gross income as the most a household should spend on rent.
At that guideline, the median gross rent of $745 a month ($8,940 a year) needs an income of about $29,800 a year.
The median renting household in Russell Springs earns $27,784 a year, less than that.
This is arithmetic on the published medians, not a rule any landlord must follow; screening criteria vary and some places limit how income may be weighed.
Income against housing costs since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median household income | $30,925 (±$8,580) | $38,697 (±$5,231) | +25.1% | No measurable change after inflation |
| Median gross rent | $539 (±$95) | $745 (±$216) | +38.2% | No measurable change after inflation |
| Median home value | $90,800 (±$7,255) | $170,300 (±$56,913) | +87.6% | Up after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median household income in places near Russell Springs
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Russell Springs | — | $38,697 (±$5,231) | — |
| Jamestown | 4.2 mi | $20,541 (±$7,178) | Lower |
| Columbia | 13 mi | $47,299 (±$10,981) | Not measurably different |
| Monticello | 19 mi | $44,952 (±$11,358) | Not measurably different |
| Liberty | 20 mi | $28,704 (±$12,574) | Not measurably different |
| Burkesville | 24 mi | $34,444 (±$8,137) | Not measurably different |
| Burnside | 24 mi | $58,750 (±$11,670) | Higher |
| Albany | 25 mi | $44,007 (±$7,180) | Not measurably different |
| Campbellsville | 25 mi | $49,644 (±$6,464) | Higher |
Nearby places with a measurably lower figure: Jamestown, KY ($20,541).
Nearby places with a measurably higher figure: Burnside, KY ($58,750), Campbellsville, KY ($49,644).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
What you can do on Seayora in Russell Springs
One account for renting, owning, managing and fixing homes, with these figures beside you.
Own or manage a rental?
List it, sign the lease and collect rent online, with the figures for Russell Springs beside you.
Create a landlord account · See what landlords get
Looking for a place to rent?
Browse homes for rent near Russell Springs, save the ones you like and apply online.
Browse rentals · Create a renter account
Do repairs, renovations or maintenance?
Get found by owners and renters near Russell Springs, and send estimates and invoices from your phone.
Questions about Russell Springs
What is the median household income in Russell Springs?
The median household income in Russell Springs is $38,697 (±$5,231) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Russell Springs?
About $29,800 a year, if rent is to stay at or below 30% of income at the median gross rent of $745 a month.
Have incomes in Russell Springs kept up with inflation?
In Russell Springs, the median household income went from $30,925 in 2015–2019 to $38,697 in 2020–2024 (+25.1%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
What do renters earn in Russell Springs?
The median renting household in Russell Springs, KY earns $27,784 (±$24,257) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Russell Springs city, Kentucky
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Russell Springs city, Kentucky
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Russell Springs city, Kentucky
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Russell Springs city, Kentucky
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Russell Springs city, Kentucky
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Russell Springs city, Kentucky
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Russell Springs city, Kentucky (place:67494, in state:21).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B19013_001E, B19013_001M, B25064_001E, B25064_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP03_0062E, DP03_0062M, B25119_003E, B25119_003M, B25119_002E, B25119_002M, DP04_0134E, DP04_0134M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Russell Springs at a glance
- Median rent in Russell Springs
- Rent by bedrooms in Russell Springs
- Rent burden in Russell Springs
- Renters and owners in Russell Springs
- Home values in Russell Springs
- Homeowner costs in Russell Springs
- Property taxes in Russell Springs
- Types of homes in Russell Springs
- Bedrooms in Russell Springs
- Age of homes in Russell Springs
- Heating fuel in Russell Springs
- Commute and cars in Russell Springs
- Crime reported to police in Russell Springs
- Population growth in Russell Springs
- How long people stay in Russell Springs
- Kentucky landlord and tenant rules
- Housing across Russell County
- Kentucky places ranked by median household income
- Housing data for every place in Kentucky