Quick facts: Riverside, CA

Quick Facts

127.6
Cost of Living
above US average
320,764
Population
36.01
Crime Rate per 1000
above US average
$83,448
Median Income
above US average
$569,000
Median House Price
above US average
$2641.59
Average Rent
above US average
12%
Poverty Rate
above US average
4.9%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $83,448.

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Income Needed to Buy

βœ— Stretch
$179k/year
Based on $569,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $179k vs median $83,448
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Income Needed to Rent

⚠ Stretch
$113k/year
Based on $2641.59/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $113k vs median $83,448
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Riverside, CA

Riverside, California, located in the heart of the Inland Empire, is a vibrant city known for its rich history and cultural diversity. Established in the 1870s, Riverside became a key player in the citrus industry, earning the nickname "The City of Trees." Today, it boasts a unique blend of architectural styles, with historic landmarks such as the Riverside International Automotive Museum and the Mission Inn, a stunning Spanish-Mission-style hotel. The city is home to more than 300,000 residents, offering a variety of amenities, parks, and outdoor activities. The scenic Mount Rubble and the Santa Ana River provide opportunities for hiking, biking, and picnicking. Riverside also has a thriving arts scene, with galleries, theaters, and annual events like the Riverside Festival of Lights, which showcases dazzling holiday displays. Educationally, Riverside is served by the University of California, Riverside, which is known for its innovative research programs. With a growing economy, diverse neighborhoods, and a commitment to preserving its historical sites, Riverside offers a unique blend of small-town charm and urban convenience.

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