Retire in Riverside

Affordability

Find out how much it costs to live in Riverside.

Cost of Living

There's no way to sugar coat this, so we won't: Riverside, California is pretty damn expensive, with a cost of living much higher than the national average. You won't find much of a break in the way of taxes either, with a "Least Tax Friendly" rating from Kiplinger. Whether or not the California lifestyle is worth the cost will be solely up to you.

Kiplinger Rating:

Least Tax Friendly

State Income Tax:

1-13.3%

Social Security Tax?

None

County + State Sales Tax

8%

Property Tax Rate *

1%

Property Tax Ranking (County Property Tax rank out of 2,773, higher rank=lower rate) *

1504

* 2008-2010

Cost of Living Index (100=average):

136.9

Housing + transportation costs as % of income:

53%

Tax Details

State Sales Tax Breaks for Seniors:

None

Pensions Taxed?

Yes

Tax burden: % income going to state and local taxes:

11.4%

Inheritance and estate taxes (per Kiplinger):

None

Taxing of other retirement income (per Kiplinger):

Yes

Property Tax Break for Seniors (per Kiplinger):

In 2014, the Governor reinstated the property tax postponement program, which provides property-tax relief to senior citizens, with revisions. Senior, blind and disabled citizens with an annual income of less than $35,000 and 40% equity in their homes can defer payment of property taxes, beginning September 2016. Each county may also implement a property tax postponement program of its own if it elects to do so.

 

For more detailed tax information from Kiplinger, visit www.kiplinger.com/tool/retirement/T055-S001-state-by-state-guide-to-taxes-on-retirees/

Real Estate

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Real Estate overview not available for Riverside

To learn more about real estate in Riverside book a visit and we'll help you find the right place to live.

Work Potential

Riverside has a slightly higher unemployment rate than some cities on our list, and the percentage of residents age 65+ which are employed hovers slightly below average. That being said, some of the top hiring industries include healthcare, administrative and waste management services, and wholesale trade.

  • Area
  • National Average

5 Largest Companies

  • University of California
  • Riverside Unified School District
  • City of Riverside
  • AT&T
  • Kaiser Permanente

GDP Growth Last 3 Years

10.1%

Income Growth Last 3 Years

6.7%

Employment Growth Last 3 Years

6.7%

Top Industries Hiring

  • Health care and social assistance
  • Construction
  • Administrative and waste management services
  • Transportation and warehousing
  • Wholesale trade

Breakdown Fulltime vs Part Time over 65 (%)

  • Part Time over 65
  • Full Time Over 65

Occupation Breakdown (%)

  • Management, Business, Science & Arts (MBSA)
  • Natural Resources, Contruction & Maintenance (NRCM)
  • Production, Transportation, Materials & Moving (PTMM)
  • Sales & Office (S&O)
  • Service

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