Personal loans Riverside, CA

Riverside is a city located in the state of California, and it’s California’s twelfth most populated city, with more than 320,000 residents. The city was given its name based on its location near the Santa Ana River.

Riverside is also part of the “Inland Empire,” which is the name given to a southern California metropolitan area that includes Riverside County, San Bernardino County, Palm Springs, and the Coachella Valley. The gross domestic product of Riverside was approximately $157 billion in 2017, and its median household income was $60,807 during the same time.

Historically, the city’s economic activity was initially concentrated in farming and agriculture, with a special emphasis on the cultivation of citrus. Currently, Riverside has expanded the scope of its domestic economy toward a more diverse range of industries, including automotive, packaged foods, and aircraft components.

The city is the home of the University of California, Riverside, which was ranked by Business Insider as the country’s second best university for financial aid in 2019. It had more than 23,000 enrolled students during its fall 2018 semester.

Riverside had more than 150,000 active employees in 2017, and almost 23% of the city’s employment is concentrated in occupations such as office, administrative, support, and sales positions. The city’s median property value is also roughly $368,600, and property taxes are, on average, $3,000 per household.

What Are Personal Loans?

A personal loan allows you to cover for sudden, short-term expenses. It can also be used as a supplement to your primary income stream, in case you are facing a temporary increase in your cost of living – it could be a payday loan or installment loan.

References

1. Riverside, CA | Data USA
2. Total Gross Domestic Product for Riverside-San Bernardino-Ontario, CA (MSA) (NGMP40140) | FRED | St. Louis Fed