Riverview is considered moderately affordable in 2025, with average rent for a 2-bedroom apartment around $1,750 and slightly lower grocery costs compared to the national average.
Housing Costs in Riverview
Housing is the biggest expense for most Riverview residents. In 2025, a typical 2-bedroom apartment rents for $1,600 to $1,900 per month, with a median of $1,750. Prices vary based on location, with apartments closer to downtown and major employers tending to cost more.
For those looking to purchase a home, a 3-bedroom single-family house in Riverview ranges from $325,000 to $450,000, with a median price around $375,000. Newer developments and gated communities command higher prices. Homeowners should budget for property taxes, which average 1.2% of assessed value annually.
Many neighborhoods have homeowners associations (HOAs) that charge monthly or annual fees. Typical HOA dues in Riverview range from $150 to $350 per month and cover amenities like community pools, fitness centers, and landscaping. While not mandatory, HOAs are common in newer subdivisions.
Utilities and Energy Bills
Utility costs in Riverview are slightly below the national average. Expect to pay around $150 per month for electricity for a 2-bedroom apartment, with costs spiking 20-30% in the hot summer months due to air conditioning. Water, sewer, and trash are often included in rent but can add $50-75 per month otherwise.
High-speed internet from providers like Spectrum or Frontier costs $50-80 monthly for speeds of 100-500 Mbps, suitable for working from home and streaming. Budget $100-150 per month for mobile phone service for two lines with a major carrier like Verizon or AT&T.
| Utility | Typical Monthly Cost |
|---|---|
| Electricity | $150 |
| Water/Sewer/Trash | $50-75 |
| Internet | $50-80 |
| Mobile Phone (2 lines) | $100-150 |
Groceries and Daily Expenses
Riverview residents spend about $350 per person monthly on groceries, slightly less than the U.S. average. A gallon of milk costs around $3.50, a loaf of bread $2.75, and a dozen eggs $2.50 at popular supermarkets like Publix, Winn-Dixie, and Aldi.
Eating out costs $12-15 per person for a basic meal at a casual restaurant, while a nicer dinner for two averages $50-70 including tip. Riverview has a good mix of affordable chain eateries and local gems.
- Monthly groceries per person: $350
- Gallon of milk: $3.50
- Loaf of bread: $2.75
- Dozen eggs: $2.50
- Casual restaurant meal: $12-15 per person
- Nice dinner for two: $50-70 with tip
Taxes and Fees
Florida has no state income tax, which helps offset other costs. However, Riverview residents pay a 7.5% sales tax on most purchases and an average effective property tax rate of 1.2% of their home’s assessed value.
Vehicle owners must pay an annual registration fee, which costs $225 for a new car and decreases as the vehicle ages. Drivers also face tolls on some highways, which can add up for frequent commuters. Most toll roads cost $1-2 per trip.
| Tax/Fee Type | Rate |
|---|---|
| Sales Tax | 7.5% |
| Property Tax | 1.2% average |
| State Income Tax | 0% |
| Vehicle Registration (new car) | $225 annually |
Monthly Budget Summary
So what does it really cost to live comfortably in Riverview? Here’s a sample monthly budget for common household types, based on gross income (before taxes). Keep in mind these are general estimates.
| Expense | Single Adult | Couple | Family of 4 |
|---|---|---|---|
| Housing (rent or mortgage) | $1,200 | $1,750 | $2,000 |
| Utilities | $250 | $350 | $500 |
| Groceries & Dining Out | $500 | $800 | $1,200 |
| Transportation | $300 | $500 | $800 |
| Healthcare | $250 | $600 | $1,000 |
| Other Necessities & Savings | $500 | $1,000 | $1,500 |
| Monthly Total (Gross) | $3,000 | $5,000 | $7,000 |
Lifestyle Considerations
Riverview offers a suburban lifestyle with relatively affordable housing compared to Tampa proper. However, lower costs come with tradeoffs like longer commutes and fewer walkable amenities.
Most homes in Riverview are newer construction, built in the 1990s or later. While this means modern features, it also means smaller lot sizes and less mature landscaping than some older neighborhoods. Riverview also has fewer parks and public spaces than central Tampa.
On the plus side, Riverview is known for good public schools, low crime rates, and a family-friendly vibe. It’s a popular choice for those working in healthcare, education, and service industries. And with downtown Tampa just a 20-30 minute drive away, big city amenities aren’t far out of reach.
Frequently Asked Questions
- Is Riverview cheaper than living in Tampa?
Yes, housing costs in Riverview are about 20% lower on average than in Tampa proper. However, transportation costs are often higher for Riverview commuters. - Are utilities expensive in Riverview?
Riverview utility costs are slightly below the national average. The biggest variable is electricity, which spikes in summer due to air conditioning. - How much do I need to make to live comfortably in Riverview?
A single adult can live comfortably in Riverview on a gross income of about $3,000 per month. For a family of four, a combined household income of $7,000 per month allows for a solid middle-class lifestyle. - What are the biggest unexpected costs in Riverview?
New residents are often surprised by HOA fees, tolls, and the high cost of flood insurance. Riverview’s proximity to the coast means flood risk, which can add $50-100 to monthly housing costs. - Is Riverview a good place to retire?
Riverview can be a smart choice for retirees, thanks to Florida’s low tax burden and relatively affordable housing. However, those on a fixed income should budget carefully for rising healthcare costs. - How does the cost of living in Riverview compare to other Tampa suburbs?
Riverview is among the more affordable communities in the Tampa area. Costs are lower than trendier suburbs like Wesley Chapel and Brandon but slightly higher than working-class areas like Gibsonton and Ruskin.