Cost of Living in Riverside, OR

With a cost of living index of 92, Riverside, OR is slightly more affordable than average. Living here is 8% cheaper than the national average and 14% below the Oregon state average of 106. Riverside is a small community of 367 residents.

Housing costs are the biggest factor in Riverside's cost of living. The median monthly rent is $1,188 (10% below the US median of $1,319), and the median home value sits at $235,500 (23% below the national median of $304,900). At current prices, the median home costs roughly 2.4x the median household income — well within traditional affordability guidelines.

The median household income in Riverside is $97,500, which is 30% higher than the national median of $75,149. Residents spend roughly 15% 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 Riverside. The area sees an average annual temperature of 52.1°F, with summers averaging 70°F and winters around 36°F. Annual rainfall totals 12.8 inches spread over roughly 100 days.

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.