Real Estate closing costs are either paid by the home seller or home buyer. It often depends on local custom and what the buyer or seller negotiates.
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Riverside City
Origins of the Riverside
Population: 319,600
County data
**Elder-care services refer to skilled nursing and assisted living facilities. Data from Total Living Choices.
(C) Cities with populations greater than 50,000 were not eligible for this year's Best Places to Live list.
(I) Income tax notes:
17 states have statutory provision for automatic adjustment of tax brackets, personal exemption or standard deductions to the rate of inflation. Massachusetts, Michigan, Nebraska and Ohio indexes the personal exemption amounts only.
For joint returns, the taxes are twice the tax imposed on half the income.
Tax credits.
An additional 1% tax is imposed on taxable income over $1 million.
Single-family new house construction building permits:
By 1900, Riverside had become one of the premiere winter resort communities in the nation. Engulfed in twenty thousand acres of Washington Navel orange groves, Riverside served as a center for agricultural innovation, bringing the revolution of corporate capitalism to the southwestern U.S. via the modern citrus enterprise. 
Located in the broad, inland valley of the Santa Ana River in Southern California, Riverside numbered among the wealthiest communities per capita in the nation. The University of California Citrus Experiment Station (core of the present University of California, Riverside) brought a tradition of ground-breaking scientific research to the city. Riverside’s renowned Mission Inn hotel, and its inspirational role in the development of the Arts & Craft Style, attracted some of America’s foremost entrepreneurs in search of new recreational, aesthetic and business opportunities. Riverside became a magnet for prosperous, educated practitioners of the Arts and Crafts Movement in the West. in the nation.
Out of this context came the Cornelius Earle Rumsey Indian Collection which later became the Riverside Municipal Museum now known as the Riverside Metropolitan Museum (RMM). The Museum opened in the basement of City Hall on December 12, 1924, when the widow of National Biscuit Company (NABISCO) magnate Cornelius Earle Rumsey donated his collection of Native American artifacts to the City of Riverside. An ordinance, amending the City Charter and establishing a Municipal Museum, was adopted by the City Council on August 27, 1925. The current mission statement found in the city ordinance states that, "All collections and exhibits of the Museum shall generally reflect but shall not necessarily be limited to the specific interpretations of the history, natural history and anthropology of the City and County of Riverside and the immediate environs of southern California." From 1924 on, the collections have grown, typically through donations by prominent citizens and organizations, contributing to RMM holdings in the disciplines of local history, natural history, and anthropology. From 1925-48, the RMM was located in the basement of the old City Hall building on Riverside’s Seventh Street (now Mission Inn Avenue).
In 1987, the main museum building and Heritage House were placed on the National Register of Historic Places. In 2005, the Riverside Municipal Museum changed its name to Riverside Metropolitan Museum.
Riverside, CA
Top 100 rank: N/ACPopulation: 319,600
| Financial | ||
| City stats | Best places avg. | |
| Median family income (per year) | $55,270 | $90,316 |
| Family purchasing power (annual, cost-of-living adjusted) | $45,340 | $82,867 |
| Sales tax | 7.80% | 6.74% |
| State income tax rate (highest bracket) | 9.30%I | 6.38% |
| State income tax rate (lowest bracket) | 1.00%I | 2.74% |
| Auto insurance premiums (Average for the state) | $2,076 | $2,121 |
| Job growth % (2000-2006) | 32.92% | 13.41% |
| Housing | ||
| City stats | Best places average | |
| Median home price | $435,848 | $359,352 |
| Average property taxes (2006) | $2,406 | $3,585 |
| Education | ||
| City stats | Best places average | |
| Colleges, universities and professional schools (within 30 miles) | 30 | 29 |
| Junior colleges and technical institutes (within 30 miles) | 32 | 18 |
| Test scores reading (% above/below state average) | -18.2% | 20.1% |
| Test scores math (% above/below average) | -2.0% | 24.8% |
| % students attending public/private schools (located within town limits) | 90.1/9.9 | 91.1/8.9 |
| Quality of life | ||
| City stats | Best places average | |
| Air quality index* (% of days AQI ranked as good) | 34.0% | 77.3% |
| Personal crime incidents (per 1,000) | 6 | 13 |
| Property crime incidents (per 1,000) | 41 | 206 |
| Median commute time (in minutes) | 21.2 | 23.1 |
| % population with commute 45 mins. or longer | 19.6% | 15.6% |
| % population walk or bike to work | 4.5% | 2.7% |
County data
**Elder-care services refer to skilled nursing and assisted living facilities. Data from Total Living Choices.
(C) Cities with populations greater than 50,000 were not eligible for this year's Best Places to Live list.
(I) Income tax notes:
17 states have statutory provision for automatic adjustment of tax brackets, personal exemption or standard deductions to the rate of inflation. Massachusetts, Michigan, Nebraska and Ohio indexes the personal exemption amounts only.
For joint returns, the taxes are twice the tax imposed on half the income.
Tax credits.
An additional 1% tax is imposed on taxable income over $1 million.
Single-family new house construction building permits:
- 2000: 13323 buildings, average cost: $185,000
- 2001: 16778 buildings, average cost: $179,800
- 2002: 20912 buildings, average cost: $174,000
- 2003: 25424 buildings, average cost: $177,300
- 2004: 29182 buildings, average cost: $186,500
- 2005: 30350 buildings, average cost: $197,700
- 2006: 20882 buildings, average cost: $210,200
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