States › Maryland › Riverside

Is Riverside, MD expensive to live in?

CheapRent takes 19 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,7822% higher than U.S. average
💵 Families earn per year (2026)$114,089about $9,507/month · 31% higher than U.S. average
🔑 House price$246,10026% lower than U.S. average

Rent is higher than in 56% 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 31.1 minutes each way.

How much money do I need?

To rent here comfortably, you should earn about $71,280 a year. That is $34 an hour at a full-time job.

Is rent cheaper than other Maryland cities?

Yes. Rent here is cheaper than in most of Maryland. It is number 53 of 200 cities from cheapest to most expensive.

Riverside
$1,782
Lutherville
$1,497
Fountainhead-Orchard Hills
$1,312
Chesapeake Beach
$1,848
Walkersville
$1,558
Glenarden
$1,705
Forest Glen
$1,665

How much do households earn in Riverside?

Under $25k
5.1%
$25k–50k
11.1%
$50k–100k
42.4%
$100k–150k
30.0%
$150k+
9.3%

Share of households by yearly income. 39.4% of households earn $100,000 or more.

Rent by apartment size in Riverside

SizeRiversideU.S. average
2 bedrooms$1,874$1,509
3 bedrooms$2,262$1,698

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Riverside overall?

Everyday prices in Maryland overall are 5% above the U.S. average (index 105.0, U.S. = 100).

Housing
121
Goods (food, clothes…)
103
Utilities
111
Other services
102
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Riverside, so the Maryland figure is shown.

Taxes and bills in Riverside

🏛️ Property tax$1,982a year · 0.81% of home value · U.S. $3,119
⚡ Electric bill$170a month (typical) · U.S. $156

Life in Riverside

Commute to work31.1 minU.S.: 26.4 min
College degree39.5%U.S.: 35.7%
Own their home64.6%U.S.: 65.2%
Below poverty line5.7%U.S.: 12.5%
Unemployment2%U.S.: 5.2%

Is it cheaper to rent or buy in Riverside?

Buying is cheaper month to month: about $74 a month less than renting.

Renting
$1,782
Owning
$1,708

Owning assumes a typical $246,100 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $24,610 for the down payment.

Frequently asked questions

What is the average rent in Riverside, MD?

Renting in Riverside costs a median of about $1,782 a month in 2026, including utilities. The Maryland median is $2,010.

How much do I need to make to live in Riverside?

To keep rent under 30% of income, you need about $71,280 a year, or $34 an hour at a full-time job.

Is Riverside cheap or expensive?

Riverside is rated Cheap: rent takes 18.7% of the typical household income of $114,089. It ranks 53rd cheapest of 200 Maryland cities we track.

How much are property taxes in Riverside?

The median homeowner in Riverside pays $1,982 a year in property taxes, about 0.81% of the median home value.

Is Riverside more expensive than the national average?

Overall prices in Maryland are 5% 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 $246,100, about 2.2 times the typical yearly household income.

6,585 people live in Riverside. Numbers are typical (middle) values.