Cost of Living in Riva, MD

Population 4,798 · Maryland · Data vintage 2023

182
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Home prices in Riva run well above the national baseline, with a median of $612,000, though local incomes keep the cost-to-earnings ratio tighter than in coastal metros with comparable sticker prices. Median household earnings of $156,389 place the city among the better-paid Maryland metros. The labor market has been unusually tight, with unemployment around 1.3% — below most comparable cities in the state.

Geographically, Riva sits roughly 25 miles southeast of Columbia. Median home values run roughly 27% higher than Columbia's $480,000.

Cost Overview

Housing 201
Rent 154

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

About the Cost of Living in Riva

The median home value in Riva is $611,600 — 101% above the national median of $305,000. Median rent runs $2,018/month, 54% higher than the national median of $1,314/month. The median household income of $156,389/year is 110% higher than the US median of $74,580. The local unemployment rate is 1.3%, below the national average of 4.8%. Maryland's top state income tax rate is 5.8% and the combined sales tax is 6.0%. Overall, Riva has a cost of living index of 182 versus the US average of 100, meaning it is 82% more expensive.

🏠 Housing

Median Home Value
$611,600
101% above avg
Zillow Home Value
$177,885
Zillow ZHVI
Median Rent
$2,018/mo
54% above avg
Price-to-Rent Ratio
25.3x
Favors renting
Property Tax Rate
1.1%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$1,407
1 BR
$1,604
2 BR
$1,898
3 BR
$2,407
4 BR
$2,822
Owner-occupied 96.6%
Renter-occupied 3.4%

💰 Estimated Monthly Budget

Rent median rent
$2,018
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,632/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
36.1 min
34% above avg
Gas Price
$3.145/gal
0% below avg
Work From Home
25.2%

Commute Mode

Drove alone
65.6%
Carpooled
5.1%
Public transit
1.2%
Work from home
25.2%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax 5.8%
Total Sales Tax 6.0%
State rate 6.0%
Avg local rate 0.0%
Property Tax 1.1%

💼 Income & Employment

Median Household Income
$156,389
110% above avg
Per Capita Income
$74,615
Unemployment Rate
1.3%
74% below avg
Poverty Rate
0.7%
Labor Force Participation
62.4%

🎓 Education

Bachelor's degree+ 31.2%
Graduate degree 22.9%

👥 Demographics

Median Age 42.9
Male median age 40.8
Female median age 46.2

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 40 — Good
85.6%
Good air days/yr
150
Max AQI recorded
0
PM2.5 days
244
Ozone days

Frequently Asked Questions

What is the cost of living in Riva, MD?

Riva has a cost index of 182 (100 = national average). It is 82% above the national average.

What is average rent in Riva, MD?

The median gross rent in Riva is $2,018 per month based on 2023 Census data.

What is the average home price in Riva?

The median home value in Riva is $611,600 according to Zillow and Census data.

What is the median income in Riva?

The median household income in Riva is $156,389 per year (2023 ACS 5-year estimates).

What is the sales tax in Riva, MD?

The combined state and local sales tax rate in Riva is 6.0%. The Maryland state income tax top rate is 5.8%.

Is Riva, MD affordable?

Riva is above average in cost of living, with an index of 182 — about 82% higher than the national average.

Riva at a Glance

Population
4,798
Median Income
$156,389
Home Value
$611,600
Median Rent
$2,018/mo
Unemployment
1.3%
Sales Tax
6.0%
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🗺️ County data for Maryland

Explore county-level cost of living data

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