The PIN Magazine July 2020

Page 47

Looking to Buy in the Inland Empire? Talk to Frazier Realty Group First Ruby Frazier Demographics

Riverside is booming with opportunities. According to the most recent demographic data about Riverside released in December of 2019, Riverside County had a population of 2,383,286 and was ranked 4th in population data out of 10 in the area. The county in California that had the highest population was Los Angeles County, which had a population is 10,098,052, and comparing the two; LA is 4.2 times larger than Riverside. From 2010 to 2018, there was a population increase of 193,645 people or a 9% increase. In terms of density, the county has a density of 331, which is in the mid-range of most other counties in the area.

Economy

According to data from the Census Bureau, Riverside County has a median earning of $45,489, which is the 3rd most of all the surrounding counties in the region. The county with the highest median earnings is Orange county, which has to earn $54,966 and comparing the two counties, Orange county 20.8% larger. However, comparing the median earning of the United States with that of Riverside County, the country’s is larger by a margin of 4.9%. Additionally, Riverside county is ranked 4th based on the median household incomes. Residents or households in the county have a median household income of $63,948. Again, the county with the highest median household income is Orange county, which has a median household income of $85,398. Also, it is essential to note that Riverside county has 12.1% of its residents self-employed.

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