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 Ohio, 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 85, with 100 being the average.
The cost of living index in Riverside is 0.8x lower than the national average.
Riverside ranks as the #53 cheapest in Ohio out of 286.
Riverside ranks as the #777 cheapest out of 6,412 in the US.
The median home value in Riverside is $103,300.
The median income in Riverside is $52,739.
According to the most recent data on the cost of living, Riverside has an overall cost of living index of 85, which is 0.8x lower than the national index of 100.
Compared to Ohio, Riverside has a cost of living index that's 0.9x lower than Ohio's index of 91.
The standard of living in Riverside ranks as #53 most affordable out of the 286 places we measured in Ohio. By definition, that implies Riverside ranks as the #233 most expensive place in the Buckeye 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 102.
The Groceries index in Riverside is 94.
The Health index in Riverside is 87.
The Housing index in Riverside is 56.
The Transportation index in Riverside is 100.
The Utilities index in Riverside is 93.
Living Expense | Riverside | Ohio | National Average | |
---|---|---|---|---|
Overall | 85 | 91 | 100 | |
Services | 102 | 98 | 100 | |
Groceries | 94 | 101 | 100 | |
Health | 87 | 95 | 100 | |
Housing | 56 | 73 | 100 | |
Transportation | 100 | 98 | 100 | |
Utilities | 93 | 93 | 100 |
Housing swings affordability the most between places in Ohio, 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 $103,300.
The Median Rent in Riverside is $888.
The Median Income in Riverside is $52,739.
The Home Value To Income in Riverside is 2.0x.
The Rent To Monthly Income in Riverside is 0.2x.
Statistic | Riverside | Ohio | United States |
---|---|---|---|
Median Home Value | $103,300 | $159,900 | $244,900 |
Median Rent | $888 | $870 | $1,163 |
Median Income | $52,739 | $61,938 | $69,021 |
Home Value To Income | 2.0x | 2.6x | 3.5x |
Rent To Monthly Income | 0.2x | 0.17x | 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:
Dayton, OH has a cost of living index of 81, 1.0x Riverside.
Kettering, OH has a cost of living index of 88, 1.0x Riverside.
Beavercreek, OH has a cost of living index of 101, 1.2x Riverside.
City | Population | Cost Of Living | Vs. Riverside |
---|---|---|---|
Dayton, OH | 138,416 | 81 | 1.0x |
Kettering, OH | 57,503 | 88 | 1.0x |
Beavercreek, OH | 46,320 | 101 | 1.2x |
Huber Heights, OH | 42,650 | 90 | 1.1x |
Fairborn, OH | 34,398 | 89 | 1.0x |
Centerville, OH | 24,281 | 98 | 1.2x |
Springboro, OH | 18,831 | 101 | 1.2x |
Vandalia, OH | 15,155 | 92 | 1.1x |
Clayton, OH | 13,246 | 93 | 1.1x |
Bellbrook, OH | 7,266 | 97 | 1.1x |