Development Department - Economic Development
:: City Facts at a Glance

Year of Incorporation - 1883

POPULATION

   
  Population, 2007 291,398 *1
  Population Growth, 2000-2007 36,232 *1
  Population Growth Percent (annual) 2.03% *1
  Population per mile 3,598 *1
  Median Age 29.7 *1

INCOME

   
  Average Household Income $67,298 *1

HIGH-END RETAIL POTENTIAL

   
  Riverside Zone of Influence Population 321,375 *4
  90,715 Households (278,403 People) Ave. HH Income $79,801 *4
  54,615 Households (173,139 People) Ave. HH Income $108,533 *4

EDUCATION

   
  Enrollment, K-12: 63,415  
  Higher Education Student Population 50,000  
  Institutions of Higher Living:
University California-Riverside, California Baptist University, La Sierra University, and Riverside Community College
   

EMPLOYMENT

   
City of Riverside    
  Total Jobs (Q2 2007) 167,197 *5
  Total Workforce (Q2 2007) 159,700 *5
  Unemployment Rate (1/08 prelim) 7.1% *5
Riverside-San Bernardino MSA    
  Total Jobs (1/08 prelim) 1,271,300 *5
  Total Workforce (1/08 prelim.) 1,805,800 *5
  Unemployment Rate (1/08 prelim) 6.7% *5

NEW/EXISTING HOME SALES

   
  Median Home Price, Single Family Res. (1/08) $359,482 *2
  Median Home Price, Condominiums (1/08) $217,625 *3

RETAIL SALES

   
  Taxable sales, 2007 (billions) 4.8 *4
  Taxable sales growth, 2003-2007 126% *4
  Taxable sales per capita, 2007 $16,423 *4

CLIMATE

   
  Winter-Average High 66 degrees  
  Summer-Average High 94 degrees  

TRANSPORTATION CORRIDORS AND FACILITIES

   
 
  • I-215, 91 and 60 Freeways
  • Riverside Municipal Airport
  • BNSF and UPSP railroads
  • Federal Express Ground (Rialto)
  • Ontario International Airport-Southern California’s second largest air cargo & second busiest air passenger facility
  • DHL West Coast Hub-March ARB (Riverside)
  • March Inland Cargo Port (Riverside)
   
* Source References    
  1 - California Department of Finance
2 - ESRI 2008
3 - California Board of Equalization
4 - State of California Employment Development Dept.
5 - Dataquick
 
 
Economic Development Links
Resources for Businesses
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