salaryRent here is among the highest 10% in the country. Household incomes are higher than in 99% of U.S. cities. A typical house costs about 7.6 years of household income, so buying is hard for most locals. Commutes are long, about 35.4 minutes each way. Most homes (80.6%) are owned, so rentals can be hard to find. It is a highly educated city: 78.8% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $140,040 a year. That is $67 an hour at a full-time job.
Is rent cheaper than other Connecticut cities?
No. Rent here is more expensive than in most of Connecticut. It is number 59 of 64 cities from cheapest to most expensive.
How much do households earn in Riverside?
Share of households by yearly income. 76.1% of households earn $100,000 or more.
Rent by apartment size in Riverside
| Size | Riverside | U.S. average |
|---|---|---|
| 1 bedroom | $1,344 | $1,324 |
| 2 bedrooms | $3,034 | $1,509 |
| 3 bedrooms | $3,500+ | $1,698 |
| 4 bedrooms | $3,500+ | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Riverside overall?
Everyday prices in Connecticut overall are 4% above the U.S. average (index 103.6, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Riverside, so the Connecticut figure is shown.
Taxes and bills in Riverside
Life in Riverside
Is it cheaper to rent or buy in Riverside?
Renting is cheaper right now: about $9,684 a month less.
Owning assumes a typical $1,900,300 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $190,030 for the down payment.
Frequently asked questions
What is the average rent in Riverside, CT?
Renting in Riverside costs a median of about $3,500+ a month in 2026, including utilities. The Connecticut median is $1,920.
How much do I need to make to live in Riverside?
To keep rent under 30% of income, you need about $140,040 a year, or $67 an hour at a full-time job.
Is Riverside cheap or expensive?
Riverside is rated Cheap: rent takes 16.8% of the typical household income of $250,000+. It ranks 59th cheapest of 64 Connecticut cities we track.
How much are property taxes in Riverside?
The median homeowner in Riverside pays $10,000+ a year in property taxes, about 0.53% of the median home value.
Is Riverside more expensive than the national average?
Overall prices in Connecticut are 4% above the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Riverside?
The median home value in Riverside is $1,900,300, about 7.6 times the typical yearly household income.
8,954 people live in Riverside. Numbers are typical (middle) values.