Riverview, FL Cost Of Living

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Riverview 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.
Index	Riverview	Florida	National
Cost of living index	99	99	100
Index	Riverview	Florida	National
Goods & Services index	95	99	100
Groceries index	104	105	100
Health care index	103	100	100
Housing index	103	96	100
Transportation index	99	98	100
Utilities index	90	102	100

A general summary of the cost of living index in Riverview, FL is shown above. Compared to the state average of Florida the cost of living index in Riverview, FL is 99, which is equal to the average in Florida and compared to the national average it is 1% lower 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 Riverview, FL goods and services come in at 3% lower than the average in Florida and are 5% lower than compared to the nationwide average.

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Did you know?

The cost of living in Riverview is equal to the Florida average.
The cost of living in Riverview is 1% lower than the national average.
The cost of housing in Riverview is 3% higher than the national average.
Florida general sales tax is 18% higher than the national average.
Florida state income tax is 100% lower than the national average.

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Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

The salary calculator allows you to compare how much your current salary in Riverview, FL would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Riverview, FL, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Riverview, FL salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$74,512	$6,209	$1,738	$2,236
Renters	$52,205	$4,350	$1,218	$1,566

The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Riverview, FL as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Riverview, FL homeowners, is $74,512. This would allow for a maximum of $1,738 per month to be spent on housing costs. For renters, the median monthly income is $52,205 which would result in a maximum of $1,218 to be spent on rental costs.

Florida Sales Tax

State	General Sales Tax	With Max Surtax
Florida	6%	7.5%

Florida Income Tax

State	Income Tax (Low)	Income Tax (High)
Florida	0%	0%

When you are determining the total cost of living in Riverview, FL you will want to make sure you consider both the Florida sales tax and the Florida income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in Florida is 6%, with the highest surtax being 7.5%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in Florida have a range from 0% to 0%.

Goods & Services

Item	Riverview	National avg.	Difference
Haircut	$14.30	$17.49	18.2%
Beauty Salon	$36.87	$38.17	3.4%
Toothpaste	$3.16	$2.32	36.2%
Shampoo	$1.01	$1.01	0.2%
Movie	$12.08	$10.72	12.6%
Bowling	$18.00	$13.86	29.9%

Groceries

Item	Riverview	National avg.	Difference
Ground Beef	$4.93	$3.90	26.4%
Fried Chicken	$1.79	$1.40	28.2%
Milk	$2.63	$1.96	34.0%
Potatoes	$3.79	$3.18	19.1%
Pizza	$9.99	$10.39	3.9%
Beer	$9.39	$9.23	1.7%

Health Care

Item	Riverview	National avg.	Difference
Optometrist	$82.00	$106.34	22.9%
Doctor	$114.00	$115.25	1.1%
Dentist	$113.30	$98.38	15.2%
Ibuprofen	$10.49	$9.26	13.3%
Lipitor	$425.48	$466.47	8.8%

Housing

Item	Riverview	National avg.	Difference
Home Price	$166,400.00	$184,700.00	9.9%
Avg. Mortgage Payment	$897.78	$1,273.32	29.5%
Apartment Rent	$1,249.00	$949.00	31.6%

Transportation

Item	Riverview	National avg.	Difference
Gasoline	$2.51	$2.59	3.3%
Tire Balancing	$52.46	$48.90	7.3%

Utilities

Item	Riverview	National avg.	Difference
All Electricity	$134.94	$167.60	19.5%
Phone	$186.69	$163.42	14.2%

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, State	Population	Cost of Living Index	National Avg.
University, FL	43,871	85	-15%
East Lake-Orient Park, FL	26,160	87	-13%
Mango, FL	11,916	87	-13%
Wimauma, FL	6,772	88	-12%
Dover, FL	3,380	89	-11%
Riverview, FL	84,590	99	-1%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Trenton, NJ	84,559	97	-3%
Champaign, IL	84,672	92	-8%
Bellingham, WA	84,462	120	20%
Bend, OR	84,416	125	25%
Edinburg, TX	84,399	77	-23%
Riverview, FL	84,590	99	-1%

Source: The Riverview, FL cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2019.

Riverview, FL Cost of Living