Economy in Riverside, California

Riverside, CA is a city located in Southern California known for its beautiful scenery and outdoor activities. The cost of living in Riverside is slightly higher than the national average, with a 2 bedroom rent of $2,040 compared to $1,430 nationally. Grocery costs are also on par with the US average with an index score of 100. The city boasts numerous local businesses, such as Chase Bank, Home Depot, and Staples. Additionally, Riverside provides plenty of job opportunities due to its central location within the state. With all these features combined, Riverside offers an excellent place to live while still being affordable.

Riverside has an unemployment rate of 7.1%. The US average is 6.0%.

Riverside has seen the job market increase by 2.2% over the last year. Future job growth over the next ten years is predicted to be 38.7%, which is higher than the US average of 33.5%.

Tax Rates for Riverside
- The Sales Tax Rate for Riverside is 8.8%. The US average is 7.3%.
- The Income Tax Rate for Riverside is 9.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Riverside
- The average income of a Riverside resident is $22,212 a year. The US average is $28,555 a year.
- The Median household income of a Riverside resident is $76,755 a year. The US average is $69,021 a year.