Cost of Living in Riverview, FL

Population 107,776 · Florida · Data vintage 2023

125

Cost Index
(100 = US avg)

Page updated: April 2026 · Data vintage: 2023 ACS 5-Year

Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

A 38-minute average commute puts Riverview squarely in exurban territory — the kind of place where many households optimize for housing cost over proximity to work. Home values of $341,000 reflect that spatial discount.

Cost Overview

Housing 112

Rent 144

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Riverview

The median home value in Riverview is $341,200 — 12% above the national median of $305,000. Median rent runs $1,890/month, 44% higher than the national median of $1,314/month. The median household income of $95,442/year is 28% higher than the US median of $74,580. The local unemployment rate is 4.8%, below the national average of 4.8%. Florida charges no state income tax, a meaningful advantage for take-home pay. Overall, Riverview has a cost of living index of 125 versus the US average of 100, meaning it is 25% more expensive.

🏠 Housing

Median Home Value

$341,200

12% above avg

Zillow Home Value

$363,993

Zillow ZHVI

Median Rent

$1,890/mo

44% above avg

Zillow Rent

$2,143/mo

Zillow ZORI

Price-to-Rent Ratio

15.0x

Favors buying

Property Tax Rate

0.9%

Effective rate

HUD Fair Market Rents by Bedroom

Studio

$1,085

1 BR

$1,181

2 BR

$1,427

3 BR

$1,797

4 BR

$2,099

Owner-occupied 75.2%

Renter-occupied 24.8%

💰 Estimated Monthly Budget

Rent median rent

$1,890

Groceries national estimate

$400

Utilities local estimate

$88

Transportation local gas prices

$126

Estimated Total $2,504/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚

Eggs (dozen)

$0.548

🍞

White Bread (lb)

$1.912

🥩

Ground Beef (lb)

$5.61

🚗 Transportation

Avg Commute

38.0 min

41% above avg

Gas Price

$3.145/gal

0% below avg

Work From Home

20.9%

Commute Mode

Drove alone

70.0%

Carpooled

7.2%

Public transit

0.1%

Walked

0.5%

Bicycle

0.0%

Work from home

20.9%

⚡ Utilities

Electricity

$0.176/kWh

0% below avg

📋 Taxes

State Income Tax (flat) None

Total Sales Tax 7.0%

State rate 6.0%

Avg local rate 1.1%

Property Tax 0.9%

💼 Income & Employment

Median Household Income

$95,442

28% above avg

Per Capita Income

$39,388

Unemployment Rate

4.8%

1% below avg

Poverty Rate

7.8%

Labor Force Participation

71.6%

🎓 Education

Bachelor's degree+ 21.6%

Graduate degree 13.1%

👥 Demographics

Median Age 36

Male median age 34.8

Female median age 37.1

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 51 — Moderate

42.7%

Good air days/yr

114

Max AQI recorded

261

PM2.5 days

102

Ozone days

Frequently Asked Questions

What is the cost of living in Riverview, FL?

Riverview has a cost index of 125 (100 = national average). It is 25% above the national average.

What is average rent in Riverview, FL?

The median gross rent in Riverview is $1,890 per month based on 2023 Census data.

What is the average home price in Riverview?

The median home value in Riverview is $341,200 according to Zillow and Census data.

What is the median income in Riverview?

The median household income in Riverview is $95,442 per year (2023 ACS 5-year estimates).

What is the sales tax in Riverview, FL?

The combined state and local sales tax rate in Riverview is 7.0%. Florida has no state income tax.

Is Riverview, FL affordable?

Riverview is above average in cost of living, with an index of 125 — about 25% higher than the national average.

Riverview at a Glance

Population: 107,776
Median Income: $95,442
Home Value: $341,200
Median Rent: $1,890/mo
Unemployment: 4.8%
Sales Tax: 7.0%

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