Cost of Living in Riverside, CA
Housing
The housing market plays a significant role in determining the cost of living in Riverside, CA.
- Housing Index: 125.5 / 100
- Median Home Price is: $480,000
- Average Rent (2 BR Apartment): $2300 per month
- Average Rent (2 BR House): $2400 per month
When considering a move to Riverside, CA, the housing market indicates a competitive landscape with a housing index of 125.5. The median home price of 480000 suggests an investment challenge, particularly for buyers looking for affordable options. Renting appears to be a viable alternative, with average rents for a 2-bedroom apartment at 2300 and a 2-bedroom house at 2400. Additionally, it's useful to factor in local amenities and lifestyle to ensure the area aligns with your personal and financial aspirations. Making informed decisions hinges on balancing costs with quality of life.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Riverside, CA.
- Electricity Price: $32.99 USD (median by state)
- Natural Gas Price: $16.99 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Riverside, CA could entail higher utility costs. Electricity costs sit at $32.99, while natural gas is priced at $16.99 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Riverside is a financially viable option for your relocation.