Cost of Living in Riverside, IL

Get 300+ Local Insights for Any Address in Riverside, IL

Get Access to 300+ Local Data Points
F
28%
Overall NAT. AVG.
1%
Groceries NAT. AVG.
93%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Riverside Illinois National
Cost of living12898100
Groceries101100100
Health care98100100
Housing19395100
Transportation103101100
Utilities10099100
Lifestyle & Entertainment100100100
Household Items102100100
Education & Childcare100100100
Does this Area Fit Your Budget? Local Insights Report
  • Know the community before you call it home
  • Compare multiple areas side by side
  • Access over 300 data points for any address
Local Insights Report

Homes For Sale In Riverside, IL

property for sale

204 Parkview Rd

Riverside, IL
property for sale

285 Desplaines Ave

Riverside, IL
property for sale

10 E Burlington St Unit 2J

Riverside, IL
property for sale

10 E Burlington St Unit 3B

Riverside, IL

Cost Of Living Quick Facts

  • The cost of living in Riverside is 31% higher than the Illinois average
  • The cost of living in Riverside is 28% higher than the national average
  • Riverside housing is 93% higher than the national average
  • Illinois general sales tax is 22% higher than the national average
  • Illinois state income tax is 91% higher than the national average

Most Affordable Places to Live in and Around Riverside

See all the best places to live around Riverside

Compare Riverside, IL Cost of Living

City Image
    City Default Image
      vs
      How would you rate the cost of living in Riverside?
      Write a review to give others more information about this area.
      Is the cost of living increasing or decreasing in Riverside?
      Write a review to give others more information about this area.
      See all Riverside poll results

      The best places in Illinois

      Here are the best places to live in IllinoisThese are the largest cities in IllinoisThese are the 10 cheapest cities in IllinoisCheck out the 10 most dangerous cities in Illinois
      Best Places in Illinois

      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index
      Lifestyle index
      Household index
      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$198,219$16,518$4,625$5,947
      Renters$119,399$9,950$2,786$3,582
      The affordability of the housing market in Riverside, IL as well as the overall cost of living can be predicted by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Riverside homeowners, the median income is $198,219. This indicates that a monthly maximum of $4,625 should be spent by homeowners on all housing related costs. Renters have a median income of $119,399. This indicates that renters would have a maximum of $2,786 for their rent related monthly costs.

      Illinois Sales Tax

      State General Sales Tax With Max Surtax
      Illinois 6.25% 10.25%

      Illinois Income Tax

      State Income Tax (Low) Income Tax (High)
      Illinois 4.95% 4.95%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      Hodgkins, IL1,8178316.9%
      Dixmoor, IL3,6638712.6%
      Hometown, IL4,3508911.2%
      Robbins, IL5,2418910.5%
      Riverdale, IL12,8788910.8%
      Riverside, IL9,04412828.4%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Andalusia, AL9,0418614.2%
      McFarland, WI9,04011010.1%
      New Albany, MS9,0398712.7%
      Palm Beach, FL9,038230130.3%
      Frankfort Square, IL9,03711110.7%
      Riverside, IL9,04412828.4%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
      General
      For Professionals
      Follow Us
      AV on Twitter AV on Facebook
      © AreaVibes Inc. 2010-2026