Cost of Living in Riverdale, MI
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
56.9
100 = national avg
-43.1 vs national average
Living Wage (1 Adult)
$25,016
per year
Living Wage (Family of 4)
$59,128
per year
Cost Index by Category
Housing48.9
Utilities84.7
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$742
per month
2 Bedroom
$973
per month
The overall cost of living index in Riverdale is 56.9, which is 43.1% below the national average. Housing costs are below the national average at an index of 48.9. A single adult needs to earn approximately $25,016 per year to cover basic expenses.