Quick facts: Riverside, RI

Quick Facts

113.8
Cost of Living
above US average
9,351
Population
15.19
Crime Rate per 1000
below US average
$85,000
Median Income
above US average
$469,900
Median House Price
above US average
$2046.05
Average Rent
above US average
6%
Poverty Rate
below US average
4.2%
Unemployment Rate
above 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 $85,000.

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Income Needed to Buy

βœ— Stretch
$147k/year
Based on $469,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $147k vs median $85,000
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Income Needed to Rent

⚠ Stretch
$88k/year
Based on $2046.05/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $88k vs median $85,000
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Riverside, RI

Riverside is a charming village located within the town of East Providence, Rhode Island, and is known for its picturesque setting along the shores of the Seekonk River. With a rich history dating back to the 19th century, Riverside offers a blend of residential areas, local shops, and parks, making it an inviting community for families and individuals alike. The area features a diverse mix of older homes and newer constructions, reflective of its evolving character. Riverside is also home to several parks, including the popular Crescent Park, which was once an amusement park and now serves as a recreational space with walking paths and picnic areas. Additionally, Riverside's community is characterized by its accessibility to major highways, making it convenient for commuters heading to nearby Providence and beyond. The local schools are part of the East Providence School District, providing education from elementary through high school levels. With its serene riverside views, recreational facilities, and close-knit community feel, Riverside is a delightful place to live in Rhode Island.

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