Riverside, IL Cost Of Living
Cost Of Living In Riverside, IL Summary
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 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 Riverside is 128, with 100 being the average.
The cost of living index in Riverside is 1.3x higher than the national average.
Riverside ranks as the #307 cheapest in Illinois out of 338.
Riverside ranks as the #5,183 cheapest out of 6,412 in the US.
The median home value in Riverside is $422,300.
The median income in Riverside is $128,808.
Table Of Contents
Riverside's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Riverside, IL?
According to the most recent data on the cost of living, Riverside has an overall cost of living index of 128, which is 1.3x higher than the national index of 100.
Compared to Illinois, Riverside has a cost of living index that's 1.4x higher than Illinois's index of 92.
The standard of living in Riverside ranks as #307 most affordable out of the 338 places we measured in Illinois. By definition, that implies Riverside ranks as the #31 most expensive place in the Prairie State.
For more reading on life in Riverside, check out:
- Living In Riverside
- Riverside Crime Report
- Search Homes For Sale In Riverside, IL
In Illinois
In America
Riverside Cost Of Living Vs. Illinois
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 114.
The Groceries index in Riverside is 107.
The Health index in Riverside is 97.
The Housing index in Riverside is 175.
The Transportation index in Riverside is 116.
The Utilities index in Riverside is 92.
| Living Expense | Riverside | Illinois | National Average | |
|---|---|---|---|---|
| Overall | 128 | 92 | 100 | |
| Services | 114 | 95 | 100 | |
| Groceries | 107 | 98 | 100 | |
| Health | 97 | 96 | 100 | |
| Housing | 175 | 81 | 100 | |
| Transportation | 116 | 105 | 100 | |
| Utilities | 92 | 90 | 100 | |
Riverside, IL Housing Cost Breakdown
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 Riverside is $422,300.
The Median Rent in Riverside is $1,249.
The Median Income in Riverside is $128,808.
The Home Value To Income in Riverside is 3.3x.
The Rent To Monthly Income in Riverside is 0.12x.
| Statistic | Riverside | Illinois | United States |
|---|---|---|---|
| Median Home Value | $422,300 | $212,600 | $244,900 |
| Median Rent | $1,249 | $1,097 | $1,163 |
| Median Income | $128,808 | $72,563 | $69,021 |
| Home Value To Income | 3.3x | 2.9x | 3.5x |
| Rent To Monthly Income | 0.12x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Riverside, IL Costs By Category
Detailed Riverside Services Costs Vs. Illinois
Detailed Riverside Groceries Costs Vs. Illinois
Detailed Riverside Health Costs Vs. Illinois
Detailed Riverside Transportation Costs Vs. Illinois
Detailed Riverside Utilities Costs Vs. Illinois
Riverside SnackAbility
/10
Cost Of Living In Cities Around Riverside
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:
Berwyn, IL has a cost of living index of 105, 0.8x Riverside.
Wheaton, IL has a cost of living index of 118, 0.9x Riverside.
Glenview, IL has a cost of living index of 147, 1.1x Riverside.
| City | Population | Cost Of Living | Vs. Riverside |
|---|---|---|---|
| Berwyn, IL | 56,960 | 105 | 0.8x |
| Wheaton, IL | 53,762 | 118 | 0.9x |
| Glenview, IL | 48,150 | 147 | 1.1x |
| Elmhurst, IL | 45,661 | 131 | 1.0x |
| Park Ridge, IL | 39,562 | 131 | 1.0x |
| Glen Ellyn, IL | 28,506 | 132 | 1.0x |
| Wilmette, IL | 27,895 | 166 | 1.3x |
| Brookfield, IL | 19,517 | 110 | 0.9x |
| Hinsdale, IL | 17,148 | 193 | 1.5x |
| Forest Park, IL | 14,297 | 111 | 0.9x |
