Riverdale, MI
Population 262 · Michigan
About Riverdale, MI
Riverdale is a small community located in Michigan with a population of 262 residents according to the latest US Census Bureau American Community Survey data. The median household income is $0 per year, which is 100% below the national median of $75,149. The median age of 45.3 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Riverdale features a median home value of $85,500, which is 65% below the national median of $244,900. This makes Riverdale one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 149 total housing units, 100% are owner-occupied (104 units) and 0% are renter-occupied (0 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Riverdale shows an unemployment rate of 10.1%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 36.3%, above the national average of 12.4%. Workers in Riverdale have an average one-way commute time of 19.5 minutes, one of the shorter commutes in the region.
Education & Demographics
13.6% of Riverdale residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 5.7% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Riverdale, MI
Compared to national averages, Riverdale has a median household income of $0 (100% below the national median of $75,149). Home values average $85,500, which is 65% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Michigan, Riverdale's income is 100% below the state average of $66,017, and home values are 53% below the state median of $183,391.
Why Live in Riverdale, MI?
Riverdale offers affordable housing with a median home value of $85,500, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and short commute times averaging just 19.5 minutes.
Potential considerations include median household income ($0) that falls below the national average. However, Riverdale’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Riverdale has a population of 262 with a median age of 45.3 years. Compare Riverdale with other cities to see how it stacks up, or explore all cities in Michigan.
Similar Cities Near Riverdale
Cities in Michigan with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Amasa | 262 | $35,536 | $56,900 | Compare |
| Jennings | 263 | $41,055 | $88,800 | Compare |
| Mohawk | 260 | $46,397 | $176,400 | Compare |
| Bear Lake | 265 | $54,886 | $126,400 | Compare |
| St. James | 259 | $82,708 | $275,000 | Compare |
| Bruce Crossing | 266 | $70,417 | $105,100 | Compare |
| Walloon Lake | 258 | $84,250 | $260,000 | Compare |
| Grand Marais | 255 | $55,809 | $158,500 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Michigan
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Riverdale With Other Cities
Frequently Asked Questions about Riverdale
What is the population of Riverdale, MI?
The population of Riverdale, MI is 262 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Michigan.
What is the median household income in Riverdale?
The median household income in Riverdale, MI is $0 per year, which is 100% below the national median of $75,149.
What is the median home value in Riverdale?
The median home value in Riverdale, MI is $85,500, which is 65% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Riverdale?
The median monthly rent in Riverdale, MI is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Riverdale?
The unemployment rate in Riverdale, MI is 10.1%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Riverdale, MI a good place to live?
Riverdale offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 262 and a median age of 45.3, the city appeals to established professionals and retirees.
How educated is Riverdale, MI?
13.6% of residents in Riverdale aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Riverdale?
Key cost-of-living indicators for Riverdale, MI: median home value is $85,500 (65% below national), median rent is $0/month, and median household income is $0. The home-value-to-income ratio is Infinityx, which suggests housing may be stretched relative to local earnings.
What is the poverty rate in Riverdale?
The poverty rate in Riverdale, MI is 36.3%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Riverdale, MI?
Riverdale's population is 5.7% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.