Russell is located in southwest Minnesota. Russell is part of Lyon County. Russell has 0.91 square miles of land area and 0.05 square miles of water area. As of 2010-2014, the total Russell population is 404, which has grown 8.89% since 2000. The population growth rate is lower than the state average rate of 9.44% and is lower than the national average rate of 11.61%. Russell median household income is $55,893 in 2010-2014 and has grown by 74.42% since 2000. The income growth rate is much higher than the state average rate of 29.12% and is much higher than the national average rate of 27.36%. Russell median house value is $89,400 in 2010-2014 and has grown by 60.79% since 2000. The house value growth rate is higher than the state average rate of 51.31% and is higher than the national average rate of 46.91%. As a reference, the national Consumer Price Index (CPI) inflation rate for the same period is 26.63%. On average, the public school district that covers Russell is much better than the state average in quality. The Russell area code is 507.