The absolute magnitude of the RR Lyrae stars is integral to determining the distances to old stellar systems in our Galaxy and other nearby galaxies. The variation in absolute magnitude with metal abundance [Fe/H] is also a key to deriving the age spread and age-metallicity relation in the Galactic globular cluster system, which in turn places important constraints on Galactic formation scenarios. A number of methods have been used to estimate the RR Lyrae absolute magnitude, including Baade-Wesselink (surface brightness) analyses (Jones et al. 1992), main sequence fitting of globular clusters (Buonanno et al. 1988), application of stellar pulsation theory to field stars (Sandage \& Cacciari 1990), horizontal branch evolution theory (Lee et al. 1990) and previous applications of the statistical parallax method (Hawley et al. 1986, Strugnell et al. 1986). Carney et al. (1992) reviewed these recent efforts and formed an absolute magnitude -- metallicity relation using several of the methods. There is still a rather large zero point discrepancy between the statistical parallax value (from field stars) and many of the globular cluster and theoretical methods. Recent improvements in the data available for the local field RR Lyrae stars make it an opportune time for a new statistical parallax investigation. We follow the method of Hawley et al. 1986, using improved data, more stars, and with more care in the population separation in order to determine whether a trend in the absolute magnitude with metallicity can be detected.