Riverdale, IL

Very Low · 67

Illinois · Population 10,515 · Updated March 2026

$1,204
Median Rent / Month
$45,709
Median Income
$104,800
Median Home Value
$1,182
Owner Costs / Month

Affordability

How far your income goes in Riverdale

31.6%
Rent-to-Income Ratio
Moderate
Rent takes 25-35% of median income — moderate affordability.

Tax Burden in Illinois

State-level tax rates that affect your costs

4.95%
Income Tax (Top Rate)
6.25%
Sales Tax
2.07%
Property Tax Rate

Estimated Annual Costs

$14,448
Annual Rent
$2,263
State Income Tax
$2,169
Property Tax (est.)

Cost of Living Overview

Riverdale is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 67 (where 100 equals the national median), Riverdale residents can expect to pay median rent of $1,204/month while earning a median household income of $45,709/year.

The median home value in Riverdale, IL is $104,800, with typical monthly owner costs around $1,182 including mortgage, insurance, and taxes. At 31.6% rent-to-income ratio, residents of Riverdale are spending more than the recommended 30% of income on housing, indicating moderate cost burden.

Illinois has a moderate income tax rate of 4.95%. Combined with a 6.25% sales tax rate and 2.07% effective property tax rate, the overall tax environment is a factor in the total cost of living in Riverdale.

Frequently Asked Questions

Common questions about living costs in Riverdale

What is the cost of living in Riverdale, IL?
The cost of living index in Riverdale, IL is 67 (US average = 100). Median monthly rent is $1,204, median household income is $45,709/year, and the median home value is $104,800.
Is Riverdale, IL affordable?
Yes, Riverdale is more affordable than the national average with a cost index of 67. The rent-to-income ratio is 31.6%—above the 30%% affordability threshold.
What is the average rent in Riverdale, IL?
The median gross rent in Riverdale, IL is $1,204 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $14,448.
What is the median household income in Riverdale?
The median household income in Riverdale, IL is $45,709 per year. This compares to the national median of approximately $80,000.
What are the taxes like in Illinois?
Illinois has a top income tax rate of 4.95%, a sales tax of 6.25%, and an effective property tax rate of 2.07%.