Cost of living in Riverside research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Riverside is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Connecticut, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Riverside is 242, with 100 being the average.
The cost of living index in Riverside is 2.4x higher than the national average.
Riverside ranks as the #54 cheapest in Connecticut out of 55.
Riverside ranks as the #6,383 cheapest out of 6,412 in the US.
The median home value in Riverside is $1,570,200.
The median income in Riverside is $250,001.
According to the most recent data on the cost of living, Riverside has an overall cost of living index of 242, which is 2.4x higher than the national index of 100.
Compared to Connecticut, Riverside has a cost of living index that's 2.1x higher than Connecticut's index of 114.
The standard of living in Riverside ranks as #54 most affordable out of the 55 places we measured in Connecticut. By definition, that implies Riverside ranks as the #1 most expensive place in the Constitution State.
For more reading on life in Riverside, check out:
Six factors go into calculating the cost of living index in Riverside. Here is how it fairs on each of the criteria:
The Services index in Riverside is 120.
The Groceries index in Riverside is 108.
The Health index in Riverside is 115.
The Housing index in Riverside is 536.
The Transportation index in Riverside is 117.
The Utilities index in Riverside is 133.
|Living Expense||Riverside||Connecticut||National Average|
Housing swings affordability the most between places in Connecticut, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Riverside is $1,570,200.
The Median Rent in Riverside is $2,400.
The Median Income in Riverside is $250,001.
The Home Value To Income in Riverside is 6.3x.
The Rent To Monthly Income in Riverside is 0.12x.
|Median Home Value||$1,570,200||$286,700||$244,900|
|Home Value To Income||6.3x||3.4x||3.5x|
|Rent To Monthly Income||0.12x||0.18x||0.2x|
The cost of living varies in the cities and towns around Riverside. Here's a quick look at the cost of living in the most populous nearby places:
Stamford, CT has a cost of living index of 154, 0.6x Riverside.
Port Chester, NY has a cost of living index of 148, 0.6x Riverside.
Plainview, NY has a cost of living index of 155, 0.6x Riverside.
|City||Population||Cost Of Living||Vs. Riverside|
|Port Chester, NY||31,317||148||0.6x|
|Rye Brook, NY||9,909||182||0.8x|
|Briarcliff Manor, NY||7,587||175||0.7x|
|Williston Park, NY||7,571||163||0.7x|