salaryRent is lower than in 51% of U.S. cities. Household incomes are higher than in 93% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards. Commutes are long, about 32.5 minutes each way. Most homes (84.8%) are owned, so rentals can be hard to find. It is a highly educated city: 72.5% of adults have a college degree.
How much money do I need?
To rent here comfortably, you should earn about $65,640 a year. That is $32 an hour at a full-time job.
Is rent cheaper than other Illinois cities?
No. Rent here is more expensive than in most of Illinois. It is number 196 of 334 cities from cheapest to most expensive.
How much do households earn in Riverside?
Share of households by yearly income. 57.7% of households earn $100,000 or more.
Rent by apartment size in Riverside
| Size | Riverside | U.S. average |
|---|---|---|
| 1 bedroom | $1,398 | $1,324 |
| 2 bedrooms | $1,654 | $1,509 |
| 3 bedrooms | $2,233 | $1,698 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Riverside overall?
Everyday prices in Illinois overall are same as the U.S. average (index 100.0, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Riverside, so the Illinois 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 $1,769 a month less.
Owning assumes a typical $491,400 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $49,140 for the down payment.
Frequently asked questions
What is the average rent in Riverside, IL?
Renting in Riverside costs a median of about $1,641 a month in 2026, including utilities. The Illinois median is $1,517.
How much do I need to make to live in Riverside?
To keep rent under 30% of income, you need about $65,640 a year, or $32 an hour at a full-time job.
Is Riverside cheap or expensive?
Riverside is rated Cheap: rent takes 11.9% of the typical household income of $165,750. It ranks 196th cheapest of 334 Illinois cities we track.
How much are property taxes in Riverside?
The median homeowner in Riverside pays $10,000+ a year in property taxes, about 2.04% of the median home value.
Is Riverside more expensive than the national average?
Overall prices in Illinois are same as 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 $491,400, about 3.0 times the typical yearly household income.
9,039 people live in Riverside. Numbers are typical (middle) values.