States › Michigan › Riverview

Is Riverview, MI expensive to live in?

CheapRent takes 18 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,21831% lower than U.S. average
💵 Families earn per year (2026)$79,235about $6,603/month · 9% lower than U.S. average
🔑 House price$215,10035% lower than U.S. average

Rent is lower than in 75% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards.

How much money do I need?

To rent here comfortably, you should earn about $48,720 a year. That is $23 an hour at a full-time job.

Is rent cheaper than other Michigan cities?

Yes. Rent here is cheaper than in most of Michigan. It is number 70 of 179 cities from cheapest to most expensive.

Riverview
$1,218
New Baltimore
$1,149
Escanaba
$1,026
South Lyon
$1,521
Fenton
$1,557
Melvindale
$1,228
Niles
$950

How much do households earn in Riverview?

Under $25k
13.2%
$25k–50k
19.5%
$50k–100k
40.9%
$100k–150k
14.4%
$150k+
8.8%

Share of households by yearly income. 23.2% of households earn $100,000 or more.

Rent by apartment size in Riverview

SizeRiverviewU.S. average
Studio$1,973$1,338
1 bedroom$1,021$1,324
2 bedrooms$1,261$1,509
3 bedrooms$1,159$1,698

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

How expensive is Riverview overall?

Everyday prices in Michigan overall are 4% below the U.S. average (index 96.2, U.S. = 100).

Housing
82
Goods (food, clothes…)
96
Utilities
100
Other services
101
U.S. average
100

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

Taxes and bills in Riverview

🏛️ Property tax$4,079a year · 1.90% of home value · U.S. $3,119
⚡ Electric bill$165a month (typical) · U.S. $156

Life in Riverview

Commute to work24.3 minU.S.: 26.4 min
College degree21.3%U.S.: 35.7%
Own their home64.3%U.S.: 65.2%
Below poverty line7.3%U.S.: 12.5%
Unemployment2.3%U.S.: 5.2%

Is it cheaper to rent or buy in Riverview?

Renting is cheaper right now: about $274 a month less.

Renting
$1,218
Owning
$1,492

Owning assumes a typical $215,100 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $21,510 for the down payment.

Frequently asked questions

What is the average rent in Riverview, MI?

Renting in Riverview costs a median of about $1,218 a month in 2026, including utilities. The Michigan median is $1,314.

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

To keep rent under 30% of income, you need about $48,720 a year, or $23 an hour at a full-time job.

Is Riverview cheap or expensive?

Riverview is rated Cheap: rent takes 18.4% of the typical household income of $79,235. It ranks 70th cheapest of 179 Michigan cities we track.

How much are property taxes in Riverview?

The median homeowner in Riverview pays $4,079 a year in property taxes, about 1.90% of the median home value.

Is Riverview more expensive than the national average?

Overall prices in Michigan are 4% below the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Riverview?

The median home value in Riverview is $215,100, about 2.7 times the typical yearly household income.

12,186 people live in Riverview. Numbers are typical (middle) values.