Median Sales Price of Existing Single Family Homes-2000

Metro Area

Existing Home Price


Tampa

$116,800

Houston

$119,000

Albuquerque

$130,400

Riverside/San Bernardino

$134,900

Greater Phoenix

$136,700

Las Vegas

$139,800

Salt Lake City

$145,600

Reno

$158,500

Minneapolis

$159,200

Portland

$170,800

Chicago

$178,800

Denver

$200,200

Los Angeles

$200,600

New York

$231,400

Boston

$356,000

San Francisco

$371,600

U.S. Average

$142,800


Source: National Association of Realtors, 3rd Qtr. 2000.

City data

Time zone: Pacific
Area code
: 909 (Riverside only);213, 310, 323, 424, 562, 626, 714, 805 and 818 (greater
                    Los Angeles area)
County
: Riverside County, Calif.
Land area
: 77.7 square miles (Riverside only)
Altitude
: 858 feet above sea level
Derivation of name
: From the location beside the Santa Ana River
Nickname(s) or motto
: Home of the Orange; Mission City; Center of the Orange Empire;
                                        "People Serving People"
Neighboring cities
: Los Angeles, Ontario, Calif., and San Bernardino, Calif.
History
: Founded 1870; incorporated as city 1886; known for its citrus industry; home of the
                parent navel orange
Total population
:

Population density: 3,283 per square mile
Population growth (1992-99)
: 10 percent
Population influx, by state (percentage of American-born residents who are natives of other states) as of 1994
: 40.8 percent (for California) (No. 16 highest population influx among 50 U.S. states)

Projected population growth (projected population change: 1994 - 2020) as of 1998:
 
        200% (for Riverside County)
Per capita income (for the metropolitan statistical area, or MSA)
:
 
        $19,090 (8.6 percent increase 1990-96)

Housing

Typical corporate-level home (single-family, four-bedroom, 2-½-bath, 2,200-square-foot dwelling with two-car garage) (as of 1999):

  • $192,333 (for Riverside/Ontario, Calif.)

  • N/A (for Los Angeles specifically)

  • $743,825 (for northern Beverly Hills, Calif.)

  • $743,200 (for southern Beverly Hills)

  • $530,000 (for Hollywood Hills, Calif.)

  • $361,375 (for Long Beach, Calif.)

  • $537,750 (for Palos Verdes Estates, Calif.)

  • $499,125 (for Pasadena, Calif.)

  • $264,500 (for Santa Clarita, Calif.)

  • $354,675 (for Torrance, Calif.)

  • $387,950 (for Irvine, Calif.)

  • $336,725 (for Mission Viejo, Calif.)

  • $457,442 (for Newport Beach, Calif.)

  • $316,833 (for Yorba Linda, Calif.)

Property taxes, by state (property taxes per capita) (as of 1994):
 
        $602 per capita (for California) (No. 24 highest property taxes among 50 U.S. states)

Weather

Average temperature in January
(daily mean temperature in Fahrenheit degrees)
: 56.8 degrees (for Los Angeles)

Average temperature in July
(daily mean temperature in Fahrenheit degrees)
: 69.1 degrees (for Los Angeles)

Average annual snowfall: Only a trace amount annually (for Los Angeles)

Seasonal average humidity: 64 percent

Average number of rainy days each year: 35 rainy days annually (for Los Angeles)

Winter temperature range (in Fahrenheit degrees): 41/69 degrees

Spring temperature range (in Fahrenheit degrees): 47/86 degrees

Summer temperature range (in Fahrenheit degrees): 58/94 degrees

Fall temperature range (in Fahrenheit degrees): 41/82 degrees

Economic status

Annual cost-of-living index (1999)

U.S. average: 100.0

For Riverside, Calif. (with index weight for each component shown as percentage):

Composite (100% composite index): 111.0

  • Grocery items (16%): 108.3
  • Housing (28%): 112.0
  • Utilities (8%): 121.0
  • Transportation (10%): 117.3
  • Health care (5%): 120.6
  • Miscellaneous goods and services (33%): 105.7
Taxes for California 
  • Maximum personal income tax: 10.0 percent 
  • Sales tax: 7.75 percent

Employment -- March 2000 (for Riverside/San Bernardino, Calif.)
  
        1,492,900 employed; 4.5% unemployed

Projected job growth, by state (projected employment change: 1988-2020) as of 1994:
  
        30.5 percent (for California) (No. 5 highest projected job growth among 50 U.S. states)

Projected income growth, by state (proj. per-capita income change: 1988 - 2020) as of 1994:
  
        30.2 percent (for California) (No. 41 highest projected income growth among 
  
        50 U.S. states)

ACCRA Cost of Living Index
Fourth Quarter 1999

Metropolitan Area

ACCRA Cost of Living Index
(U.S. Average = 100)

New York (Manhattan) NY

240.1

 

Boston MA

136.9

 

Washington DC-MD-VA-WV

131.6

 

San Diego CA

126.7

 

Los Angeles-Long Beach CA

123.0

 

Pittsburgh PA

117.3

 

Philadelphia PA

116.2

 

Riverside-San Bernardino CA (1)

114.7

 

Chicago IL (1)

113.1

 

Cleveland-Lorain-Elyria OH

110.3

 

Minneapolis-St. Paul MN-WI (3)

105.9

 

Holland MI

105.5

 

Atlanta GA

104.3

 

Phoenix-Mesa AZ

102.4

 

Dallas TX

100.3

 

Tampa (Clearwater) FL

99.4

 

St. Louis MO-IL

97.5

 

Baltimore MD

96.0

 

Houston TX

95.1

 


(1)Unweighted average of Riverside & Palm Springs, CA
(2) Unweighted average of Minneapolis & St. Paul, MN

(2) Unweighted average of Homewood &
     Joliet IL

Cost of Living Index

The following information will enable you to do your own city-by-city comparison of national cost-of-living differences. All index numbers are based on the composite prices of groceries, housing, utilities, transportation, health care, clothing and entertainment in each city listed, with 100.0 as the national average. To calculate your approximate purchasing power in various areas, use the adjacent salary comparison equation.

A cost of living comparison is available on the Internet at www.homefair.com.

Salary Comparison Equation

(City #1)
(City #2)

x Salary = $_______

• What is the Seattle equivalent of a $30,000 salary in Riverside?

  Seattle
Riverside

118.7
112.4

x $30,000 = $31,682

• What is the Riverside equivalent of a $30,000 salary in Seattle?

  Riverside
Seattle

112.4
118.7

x $30,000 = $28,408

City-by-City Index

Average City, U.S.A.

100.0

Alabama

Birmingham

97.6

Montgomery

97.6

Alaska

Anchorage

123.2

Arizona

Flagstaff

108.4

Phoenix

102.3

Tucson

100.1

Arkansas

Fayetteville

88.9

California

Fresno

107.2

Irvine (Orange County)

123*

Los Angeles/Long Beach

123.1

Riverside

112.4

Sacramento

106.6

San Diego

126.4

San Francisco

217*

Santa Barbara

121.0

Colorado

Boulder

121.4

Denver

108.3

Fort Collins

103.6

Connecticut

New Haven

122.4

Delaware

Dover

102.4

Wilmington

109.5

Florida

Miami/Dade County

106.4

Orlando

99.1

Tallahassee

109.2

Georgia

Atlanta

103.2

Hawaii

Honolulu

184*

Idaho

Boise

97.7

Illinois

Champaign/Urbana

101.8

Suburban Chicago

124*

Springfield

97.9

Indiana

Bloomington

99.1

Indianapolis

96.2

South Bend

92.3

Iowa

Ames

101.5

Cedar Rapids

96.9

Kansas

Lawrence

100.0

Manhattan

95.2

Kentucky

Lexington

96.9

Louisville

96.4

Louisiana

Baton Rouge

102.8

New Orleans

97.6

Maryland

Baltimore

97.0

Massachusetts

Boston

136.2

Michigan

Detroit

112.9

Lansing

104.9

Minnesota

Minneapolis

106.4

Rochester

101.4

Mississippi

Jackson

89.3

Missouri

Columbia

97.1

Kansas City

101.4

St. Louis

97.3

Montana

Billings

98.4

Bozeman

102.6

Nebraska

Lincoln

103.1

Omaha

94.7

Nevada

Las Vegas

106.7

Reno/Sparks

111.1

New Jersey

New Brunswick

101*

Trenton

95*

New Mexico

Albuquerque

103.6

Las Cruces

100.1

New York

Buffalo

99.0

Nassau County

143.5

New York City (Manhattan)

231.8

Syracuse

99.7

North Carolina

Chapel Hill

120.4

Charlotte

99.8

Raleigh

103.3

North Dakota

Bismarck/Mandan

100.9

Ohio

Cincinnati

97.9

Cleveland

112.2

Toledo

100.7

Oklahoma

Oklahoma City

90.4

Tulsa

95.0

Oregon

Corvallis

112.2

Eugene

107.4

Portland

112.4

Pennsylvania

Harrisburg

96.4

Philadelphia

116.9

Pittsburgh

106*

South Carolina

Charleston

104.4

Columbia

94.8

South Dakota

Rapid City

100.0

Sioux Falls

96.1

Tennessee

Chattanooga

98.4

Knoxville

93.4

Memphis

91.7

Nashville

95.3

Texas

Austin

99.3

Dallas

101.1

Houston

94.5

Lubbock

90.7

San Antonio

93.3

Utah

Provo/Orem

98.0

Salt Lake City

103.0

Vermont

Burlington

117.2

Virginia

Blacksburg

95.2

Richmond

105.3

Roanoke

94.1

Washington

Seattle

118.7

Spokane

105.2

Tacoma

104.2

Washington, D.C.


181*

West Virginia

Charleston

99.0

Wisconsin

Green Bay

99.9

Madison

107.7

Milwaukee

105.7

Wyoming

Cheyenne

97.6

*Source: VirtualRelocation.com