Total monthly cost of ownership
Cost to Own a Home in Riviera Beach, Florida
A $312,000 home here costs
$2,495per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,604. The real number is $891 higher every month — 56% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Riviera Beach against Palm Beach County and Florida
| Measure | Riviera Beach | Palm Beach County |
|---|---|---|
| Median home value | $311,900 | $407,300 |
| Median property tax | $2,860 | $3,600 |
| Effective tax rate | 0.917% | 0.884% |
| Median gross rent | $1,489 | $1,818 |
| Population | 38,032 | 1,507,453 |
The weather behind that power bill
Riviera Beach sits in Palm Beach County, which averages a high of 90.0°F in its hottest month and a low of 57.9°F in its coldest, with 61.75" of precipitation a year and 37% of it in a single three-month stretch. That climate drives 4,166 cooling and 202 heating degree days, which is what sets the $136 electricity line above.
See the full climate breakdown for Palm Beach County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Palm Beach County
Full Palm Beach County cost breakdown · Every county in Florida
Common questions
How much does it cost to own a home in Riviera Beach?
A $312,000 home in Riviera Beach, Florida costs approximately $2,495 per month with 20% down at 6.66%. That is $1,604 principal and interest, $238 property tax, $189 homeowners insurance, $204 utilities and $260 set aside for maintenance.
What is the property tax rate in Riviera Beach?
Riviera Beach has an effective property tax rate of 0.917%, based on a median home value of $311,900 and median real estate taxes of $2,860. That is higher than the Palm Beach County average of 0.884%.
What is the average home price in Riviera Beach?
The median owner-occupied home value in Riviera Beach, Florida is $311,900, against $407,300 across Palm Beach County.
Is it cheaper to rent or buy in Riviera Beach?
Median gross rent in Riviera Beach is $1,489 a month, against $2,495 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Riviera Beach — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Florida.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.