Riverside cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
Cost of living index223128100
Goods & Services index126123100
Groceries index122125100
Health care index115117100
Housing index459144100
Transportation index100105100
Utilities index132130100
A general summary of the cost of living index in Riverside, CT is shown above. Compared to the state average of Connecticut the cost of living index in Riverside, CT is 223, which is 74% higher than the average in Connecticut and compared to the national average it is 123% higher than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In Riverside, CT goods and services come in at 2% higher than the average in Connecticut and are 26% higher than compared to the nationwide average.

Did you know?

  • The cost of living in Riverside is 74% higher than the Connecticut average.
  • The cost of living in Riverside is 123% higher than the national average.
  • The cost of housing in Riverside is 359% higher than the national average.
  • Connecticut general sales tax is 25% higher than the national average.
  • Connecticut state income tax is 35% higher than the national average.

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Salary Calculator

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Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
Use the salary calculator to compare your current income in Riverside, CT to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Riverside, CT, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Riverside, CT salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
One can approximate the cost of living and the housing affordability in Riverside, CT by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Riverside, CT have a median income of $169,853. Therefore, the amount that a consumer should spend on housing costs should be no more than $3,963 per month to avoid calamity and poverty. The renters in the city have an income of about $71,094, which would make their monthly maximum allowable rental costs $1,659.

Connecticut Sales Tax

StateGeneral Sales TaxWith Max Surtax

Connecticut Income Tax

StateIncome Tax (Low)Income Tax (High)
When assessing the complete cost of living in Riverside, CT, the Connecticut income tax and the Connecticut sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Connecticut maximum surtax is 6.35%, and the Connecticut sales tax is 6.35%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 3% to 6.7% in Connecticut.

Goods & Services

ItemRiversideNational avg.Difference
Haircut $20.00$14.5937.0%
Beauty Salon $67.50$34.6894.6%
Toothpaste $4.04$2.4763.3%
Shampoo $0.88$1.0213.9%
Movie $14.75$9.8749.5%
Bowling $7.94$4.3980.8%


ItemRiversideNational avg.Difference
Ground Beef $3.99$4.4810.9%
Fried Chicken $1.04$1.4629.0%
Milk $2.26$2.364.1%
Potatoes $3.92$3.0628.0%
Pizza $10.00$9.248.2%
Beer $9.82$8.6313.8%

Health Care

ItemRiversideNational avg.Difference
Optometrist $111.67$99.7811.9%
Doctor $123.75$105.0317.8%
Dentist $110.00$88.7024.0%
Ibuprofen $10.33$9.419.8%
Lipitor $299.00$298.500.2%


ItemRiversideNational avg.Difference
Home Price $1,545,800.00$175,700.00779.8%
Avg. Mortgage Payment $2,127.00$1,081.0396.8%
Apartment Rent $1,851.00$920.00101.2%


ItemRiversideNational avg.Difference
Gasoline $2.06$2.091.5%
Tire Balancing $47.99$45.296.0%


ItemRiversideNational avg.Difference
All Electricity$262.56$170.8053.7%
Phone $29.01$28.262.7%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Greenville, NY5731044%
Hartsdale, NY5,34613636%
Fairview CDP (Westchester County), NY2,97814040%
Mount Vernon, NY67,96215353%
Huntington Station, NY34,00514343%
Riverside, CT8,682223123%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Mount Pleasant, IA8,68284-16%
Bay Minette, AL8,68288-12%
Box Elder, SD8,68390-10%
Old Orchard Beach, ME8,67911010%
Morrisville, PA8,68911616%
Riverside, CT8,682223123%
Source: The Riverside, CT cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.