Editing Russell, Kansas (section)

==Economy==
[[File:Russell oil derrick.jpg|thumb|right|Petroleum drilling is a major component of the local economy.]]

The economy of Russell is based primarily on [[agriculture]] with [[Gluten|wheat gluten]] and [[ethanol]] [[manufacturing]] facilities located in the local [[industrial park]]. Russell County is also one of the leading petroleum producing counties in Kansas.<ref name=russell1/>

As of 2012, 65.2% of the population over the age of 16 was in the labor force. 0.4% was in the armed forces, and 64.8% was in the civilian labor force with 61.6% being employed and 3.3% unemployed. The composition, by occupation, of the employed civilian labor force was:  33.9% in sales and office occupations; 24.4% in management, business, science, and arts; 17.5% in service occupations; 12.3% in natural resources, construction, and maintenance; and 11.9% in production, transportation, and material moving. The three industries employing the largest percentages of the working civilian labor force were:  educational services, health care, and social assistance (28.3%); retail trade (20.0%); and agriculture, forestry, fishing and hunting, and mining (12.8%).<ref name=Census2010/>

The cost of living in Russell is relatively low; compared to a U.S. average of 100, the cost of living index for the city is 77.2.<ref name=CityData>{{cite web | title = Russell, Kansas | publisher = City-Data.com | url = http://www.city-data.com/city/Russell-Kansas.html | access-date = 2014-09-16}}</ref> As of 2012, the median home value in the city was $63,200, the median selected monthly owner cost was $935 for housing units with a mortgage and $412 for those without, and the median gross rent was $657.<ref name=Census2010/>