Quick facts: Riverdale, GA

Quick Facts

97.5
Cost of Living
below US average
14,715
Population
82.7
Crime Rate per 1000
above US average
$61,622
Median Income
below US average
$220,000
Median House Price
above US average
$1556.88
Average Rent
above US average
20%
Poverty Rate
above US average
4.0%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $61,622.

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Income Needed to Buy

βœ— Stretch
$69k/year
Based on $220,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $69k vs median $61,622
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Income Needed to Rent

⚠ Stretch
$67k/year
Based on $1556.88/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $67k vs median $61,622
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Riverdale, GA

Riverdale is a vibrant city located in Clayton County, Georgia, just south of Atlanta. With a population of around 15,000, it is known for its diverse community and suburban feel. The city offers a rich cultural tapestry and is conveniently located near major transportation routes, including Interstate 85, making it accessible to nearby Atlanta and surrounding areas. Riverdale features various parks and recreational facilities, providing residents opportunities for outdoor activities. Notable parks include the Riverdale Town Center and the nearby McDonough Park, which host events and festivals throughout the year. The city is also home to several local businesses, shops, and restaurants, creating a buzz of activity. Education in Riverdale is served by the Clayton County School District, and there are also options for higher education nearby. The city is committed to community engagement and improvement, hosting events that bring together residents and foster a sense of belonging. Overall, Riverdale combines the charm of a smaller community with the conveniences of urban life, making it an appealing place to live for families and individuals alike.

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