Cost of living in Riverdale 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 Riverdale is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Illinois, 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 Riverdale is 94, with 100 being the average.
The cost of living index in Riverdale is 0.9x lower than the national average.
Riverdale ranks as the #120 cheapest in Illinois out of 338.
Riverdale ranks as the #2,290 cheapest out of 6,412 in the US.
The median home value in Riverdale is $83,000.
The median income in Riverdale is $38,233.
According to the most recent data on the cost of living, Riverdale has an overall cost of living index of 94, which is 0.9x lower than the national index of 100.
Compared to Illinois, Riverdale has a cost of living index that's 1.0x higher than Illinois's index of 92.
The standard of living in Riverdale ranks as #120 most affordable out of the 338 places we measured in Illinois. By definition, that implies Riverdale ranks as the #218 most expensive place in the Prairie State.
For more reading on life in Riverdale, check out:
Six factors go into calculating the cost of living index in Riverdale. Here is how it fairs on each of the criteria:
The Services index in Riverdale is 116.
The Groceries index in Riverdale is 105.
The Health index in Riverdale is 98.
The Housing index in Riverdale is 60.
The Transportation index in Riverdale is 116.
The Utilities index in Riverdale is 94.
|Living Expense||Riverdale||Illinois||National Average|
Housing swings affordability the most between places in Illinois, 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 Riverdale is $83,000.
The Median Rent in Riverdale is $1,170.
The Median Income in Riverdale is $38,233.
The Home Value To Income in Riverdale is 2.2x.
The Rent To Monthly Income in Riverdale is 0.37x.
|Median Home Value||$83,000||$212,600||$244,900|
|Home Value To Income||2.2x||2.9x||3.5x|
|Rent To Monthly Income||0.37x||0.18x||0.2x|
The cost of living varies in the cities and towns around Riverdale. Here's a quick look at the cost of living in the most populous nearby places:
Tinley Park, IL has a cost of living index of 105, 1.1x Riverdale.
Blue Island, IL has a cost of living index of 96, 1.0x Riverdale.
Darien, IL has a cost of living index of 111, 1.2x Riverdale.
|City||Population||Cost Of Living||Vs. Riverdale|
|Tinley Park, IL||55,988||105||1.1x|
|Blue Island, IL||22,934||96||1.0x|
|South Holland, IL||21,524||106||1.1x|
|La Grange, IL||16,220||137||1.5x|
|Western Springs, IL||13,550||153||1.6x|
|Palos Heights, IL||12,116||124||1.3x|