Suburban-type governments paid the lowest interest rates on long-term bonds sold in 1982, holding bond characteristics constant, while totally urban and highly rural governments paid rates roughly equal to each other. Using 1982 municipal bond sales data matched with 1980 Census of Population data, this report examines the characteristics of municipal bonds categorized according to the rural percentage of the issuing government's population. Few instances of a simple linear relationship between key bond variables and rurality were found.