Riverside, named for the nearby Santa Ana River, is the county seat of Riverside County, California and is the birthplace of the California citrus industry. It had a population of 305,255 in 2006. University of California, Riverside is located here. The average home value is $396,000; rent is $1,232 and average income is $48,372. Bank of America and Wells Fargo Bank are amongst the banks with extensive networks in this city.