Cost of Living in Riverton, IL
Population 3,506 · Illinois · Data vintage 2023
(100 = US avg)
Buyers in Riverton can reasonably expect a home to cost less than three years of household income — $140,000 against $75,527 in typical earnings — a ratio that has collapsed to 5:1 or worse in much of the country. The labor market has been unusually tight, with unemployment around 2.1% — below most comparable cities in the state.
Geographically, Riverton sits roughly 7 miles northeast of Springfield. Median home values run roughly 10% lower than Springfield's $155,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Riverton
The median home value in Riverton is $140,000 — 54% below the national median of $305,000. Median rent runs $1,035/month, 21% lower than the national median of $1,314/month. The median household income of $75,527/year is 1% higher than the US median of $74,580. The local unemployment rate is 2.1%, below the national average of 4.8%. Illinois's top state income tax rate is 5.0% and the combined sales tax is 8.7%. Overall, Riverton has a cost of living index of 59 versus the US average of 100, meaning it is 41% less expensive.
Riverton has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Riverton, IL?
Riverton has a cost index of 59 (100 = national average). It is 41% below the national average.
What is average rent in Riverton, IL?
The median gross rent in Riverton is $1,035 per month based on 2023 Census data.
What is the average home price in Riverton?
The median home value in Riverton is $140,000 according to Zillow and Census data.
What is the median income in Riverton?
The median household income in Riverton is $75,527 per year (2023 ACS 5-year estimates).
What is the sales tax in Riverton, IL?
The combined state and local sales tax rate in Riverton is 8.7%. The Illinois state income tax top rate is 5.0%.
Is Riverton, IL affordable?
Yes, Riverton is generally considered affordable, with a cost of living index of 59 — about 41% below the US national average of 100.
Riverton at a Glance
- Population
- 3,506
- Median Income
- $75,527
- Home Value
- $140,000
- Median Rent
- $1,035/mo
- Unemployment
- 2.1%
- Sales Tax
- 8.7%
Nearby Cities
Explore county-level cost of living data
Illinois Rankings
Similar Cost Cities
Cities in other states with comparable housing costs