Housing costs in Riverside?
A typical home costs
$510,000, which is 50.8% more expensive than the national average of
$338,100 and 30.5% less expensive than the average California home, at
$733,500. Renting a two-bedroom unit in Riverside costs
$1,570 per month, which is 27.0% cheaper than the national average of
$2,150 and 11.5% cheaper than the state average of
$1,750.
Can I afford Riverside?
To live comfortably in Riverside (zip 92501), California, a minimum annual income of
$97,560 for a family, and
$50,000 for a single person is recommended.
What does A.I. say about Riverside?
Living in 92501 Riverside, CA is relatively affordable. According to BestPlaces, the cost of living index for Riverside is about 86.4 out of 100, making it 4% cheaper than the national average. The rent for a one-bedroom apartment in the city center averages around $1200, while outside of downtown it averages around $1000. Groceries and other necessities are also quite affordable, with food costs generally 8% lower than the national average. Transportation costs are slightly above average, but there are plenty of public transportation options available within the city. All in all, living in 92501 Riverside, CA is fairly economical and a great option for those looking to stretch their budget further.