Cost of Living in Riverview, VA

With a cost of living index of 55, Riverview, VA is one of the most affordable cities in the country. Living here is 45% cheaper than the national average and 49% below the Virginia state average of 104. Riverview is a small community of 652 residents.

Housing costs are the biggest factor in Riverview's cost of living. The median monthly rent is $719 (45% below the US median of $1,319), and the median home value sits at $43,600 (86% below the national median of $304,900). At current prices, the median home costs roughly 0.9x the median household income — well within traditional affordability guidelines.

The median household income in Riverview is $50,870, which is 32% lower 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. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Climate is another factor for anyone considering a move to Riverview. The area sees an average annual temperature of 56.6°F, with summers averaging 74°F and winters around 39°F. Annual rainfall totals 44 inches spread over roughly 138 days.

Everyday prices in the Kingsport-Bristol, TN-VA (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 6 are priced lower 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.