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.
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.
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.
| 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% |
