Cost of Living in Riverdale, NE

With a cost of living index of 77, Riverdale, NE is a very affordable place to live. Living here is 23% cheaper than the national average and 5% above the Nebraska state average of 72. Riverdale is a small community of 291 residents.

Housing costs are the biggest factor in Riverdale's cost of living. The median monthly rent is $1,125 (15% below the US median of $1,319), and the median home value sits at $131,300 (57% below the national median of $304,900). At current prices, the median home costs roughly 1.6x the median household income — well within traditional affordability guidelines.

The median household income in Riverdale is $81,000, which is 8% higher than the national median of $75,149. Residents spend roughly 17% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Climate is another factor for anyone considering a move to Riverdale. The area sees an average annual temperature of 51.9°F, with summers averaging 75°F and winters around 29°F. Annual rainfall totals 26.4 inches spread over roughly 91 days. Cold winters mean higher heating bills, an important cost-of-living consideration.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.