Riverview, MI Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Riverview, MI Summary

Cost of living in Riverview 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 Riverview is expensive. An index value below 100 means the city is a relatively cheap place to live.

On a city-by-city basis in Michigan, 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 Riverview is 95, with 100 being the average.

  • The cost of living index in Riverview is 0.9x lower than the national average.

  • Riverview ranks as the #124 cheapest in Michigan out of 175.

  • Riverview ranks as the #2,449 cheapest out of 6,412 in the US.

  • The median home value in Riverview is $166,100.

  • The median income in Riverview is $62,992.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
95
Riverview's Overall Cost Of Living
0.9x
Lower Than The National Average

What is the cost of living in Riverview, MI?

According to the most recent data on the cost of living, Riverview has an overall cost of living index of 95, which is 0.9x lower than the national index of 100.

Compared to Michigan, Riverview has a cost of living index that's 1.0x higher than Michigan's index of 92.

The standard of living in Riverview ranks as #124 most affordable out of the 175 places we measured in Michigan. By definition, that implies Riverview ranks as the #51 most expensive place in the Wolverine State.

For more reading on life in Riverview, check out:

124 out of 175
In Michigan
2,449 out of 6,412
In America

Riverview Cost Of Living Vs. Michigan

Six factors go into calculating the cost of living index in Riverview. Here is how it fairs on each of the criteria:

  • The Services index in Riverview is 110.

  • The Groceries index in Riverview is 101.

  • The Health index in Riverview is 97.

  • The Housing index in Riverview is 68.

  • The Transportation index in Riverview is 108.

  • The Utilities index in Riverview is 96.

Living Expense Riverview Michigan National Average
Overall 95 92 100
Services 110 96 100
Groceries 101 96 100
Health 97 94 100
Housing 68 80 100
Transportation 108 97 100
Utilities 96 100 100
For more reading on cost of living around Michigan, check out:
Riverview Cost of Living Vs. MI

Riverview, MI Housing Cost Breakdown

Housing swings affordability the most between places in Michigan, 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 Riverview is $166,100.

  • The Median Rent in Riverview is $910.

  • The Median Income in Riverview is $62,992.

  • The Home Value To Income in Riverview is 2.6x.

  • The Rent To Monthly Income in Riverview is 0.17x.

Statistic Riverview Michigan United States
Median Home Value $166,100 $172,100 $244,900
Median Rent $910 $946 $1,163
Median Income $62,992 $63,202 $69,021
Home Value To Income 2.6x 2.7x 3.5x
Rent To Monthly Income 0.17x 0.18x 0.2x
Search Homes For Sale In Riverview, MI
$166,100
Median Home Value
$910
Median Rent
$62,992
Median Income

Riverview, MI Costs By Category

Detailed Riverview Services Costs Vs. Michigan

Item Riverview Michigan
Shampoo $0.94 $1.06
Movie $11.26 $10.68
Bowling $19.8 $14.67
Haircut $18.95 $18.62
Beauty Salon $54.27 $39.05

Detailed Riverview Groceries Costs Vs. Michigan

Item Riverview Michigan
Ground Beef $4.55 $4.22
Fried Chicken $1.13 $1.39
Milk $1.44 $2.05
Potatoes $4.18 $3.29
Pizza $10.82 $10.62
Beer $8.42 $9.38
Toothpaste $2.43 $2.34

Detailed Riverview Health Costs Vs. Michigan

Item Riverview Michigan
Optometrist $81.52 $108.57
Doctor $104.59 $116.17
Dentist $99.57 $99.13

Detailed Riverview Transportation Costs Vs. Michigan

Item Riverview Michigan
Gasoline $2.25 $2.22
Tire Balancing $58.95 $50.07

Detailed Riverview Utilities Costs Vs. Michigan

Item Riverview Michigan
All Electricity $159.51 $167.67
Phone $178.81 $175.64

Riverview SnackAbility

6
/10
Overall SnackAbility
Jobs
8/10
Housing
7
Affordability
8
Diversity
6
Safety
8.5
Amenities
8.5
Education
7
Commute
7

Cost Of Living In Cities Around Riverview

The cost of living varies in the cities and towns around Riverview. Here's a quick look at the cost of living in the most populous nearby places:

  • Dearborn, MI has a cost of living index of 96, 1.0x Riverview.

  • Livonia, MI has a cost of living index of 102, 1.1x Riverview.

  • Westland, MI has a cost of living index of 92, 1.0x Riverview.

City Population Cost Of Living Vs. Riverview
Dearborn, MI 107,985 96 1.0x
Livonia, MI 95,294 102 1.1x
Westland, MI 84,961 92 1.0x
Taylor, MI 63,071 88 0.9x
Dearborn Heights, MI 62,334 91 1.0x
Lincoln Park, MI 39,741 89 0.9x
Southgate, MI 29,990 92 1.0x
Allen Park, MI 28,431 91 1.0x
Wyandotte, MI 24,992 88 0.9x
Trenton, MI 18,489 96 1.0x

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