Cost of Living in Riverside, NY

With a cost of living index of 144, Riverside, NY is one of the most expensive cities in the United States. Living here is 44% more expensive than the national average and 32% above the New York state average of 111. Riverside is a small community of 3,538 residents.

The median household income in Riverside is $41,397, which is 45% lower than the national median of $75,149. Residents spend roughly 76% of household income on rent. This is well above the 30% affordability threshold, indicating a significant housing cost burden for many residents.

Climate is another factor for anyone considering a move to Riverside. The area sees an average annual temperature of 50.2°F, with summers averaging 69°F and winters around 32°F. Annual rainfall totals 43.5 inches spread over roughly 131 days.

Everyday prices in the New York-Newark-Jersey City, NY-NJ (Metropolitan Statistical Area) metro area tend to run above the national average. Out of 6 common grocery and utility items tracked by the Bureau of Labor Statistics, 6 are priced higher than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

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.