Living in Ridgway, Colorado
Cost of living, income, home prices, rent and demographics of Ridgway · Census data 2020–2024
Ridgway has 1,237 residents with a median age of 40.5. The median household income is $83,750 (12% lower than the Colorado median), the median home value is $709,900, the median rent is $1,577/month.
Ridgway is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Ridgway at a glance
- Population
- 1,237
- Median age
- 40.5State: 37.7
- Median household income
- $83,750State: $95,470
- Median home value
- $709,900State: $539,400
- Median rent
- $1,577/moState: $1,761
- Homeowners
- 72.9%
- Bachelor's degree or higher
- 60.7%
- Average commute
- 27 min
Is Ridgway a good place to live?
Pros: A poverty rate of 7.2%.
Cons: Median household income 12% lower than the Colorado median; home values 32% higher than the state median; an average commute of 27 minutes; unemployment of 8.5%.
The weather is best in June to September.
Cost of living in Ridgway
Housing is the biggest part of the cost of living. In Ridgway the median home value is $709,900, 113% higher than the U.S. median. Renters pay a median of $1,577 per month, which is 28.4% of household income. Homeowners with a mortgage pay $1,517 a month in housing costs.
Ridgway median household income
The median household income in Ridgway is $83,750 and the income per person is $48,325. 7.2% of residents live below the poverty line (Colorado: 9.4%).
Housing in Ridgway: homes for sale and rent
- Housing units
- 663
- Owner-occupied
- 72.9%
- Renter-occupied
- 27.1%
- Vacant
- 10.4%Includes seasonal homes
- Median year built
- 2003
- Average household size
- 2.08
Ridgway demographics
- Population
- 1,237
- Median age
- 40.5
- Under 18
- 23.4%
- 65 and older
- 18%
- Households
- 594
- Foreign-born
- 2.3%
- Veterans
- 5.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Ridgway ›
Education in Ridgway
60.7% of adults 25 and older in Ridgway have a bachelor's degree or higher (Colorado: 45.7%), and 19.9% have a graduate or professional degree.
Jobs and commute in Ridgway
- Unemployment rate
- 8.5%State: 4.6%
- Average commute
- 27 minState: 25 min
- Work from home
- 23.8%
- Drive alone
- 51.7%
- Public transit
- 0%
- Walk to work
- 10.8%
- Homes with broadband
- 99.2%
Ridgway vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Ridgway | 1,237 | $83,750 | $709,900 | $1,577 |
| Loghill Village | 618 | $89,297 | $823,700 | — |
| Ouray | 985 | $78,182 | $588,300 | $1,346 |
| Colona | 108 | $128,750 | — | — |
| Telluride | 2,160 | $102,405 | — | $3,056 |
| Mountain Village | 2,185 | $52,923 | $2,000,001 | $1,072 |
| Placerville | 333 | $105,972 | $1,133,100 | $2,194 |
| Ophir | 120 | $135,179 | $906,300 | — |
| Montrose | 21,044 | $70,386 | $387,900 | $1,197 |
More for people moving to Ridgway
Ridgway ZIP code ›Weather and climate ›Living in Ridgway: FAQ
What is the median household income in Ridgway, CO?
The median household income in Ridgway is $83,750, 12% lower than the Colorado median of $95,470 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Ridgway?
The median home value in Ridgway is $709,900, compared with $539,400 in Colorado.
How much is rent in Ridgway?
The median gross rent in Ridgway is $1,577 per month, about 28.4% of household income.
Is Ridgway, CO a good place to live?
Pluses: a poverty rate of 7.2%. Minuses: median household income 12% lower than the Colorado median; home values 32% higher than the state median; an average commute of 27 minutes; unemployment of 8.5%.
What is the median age in Ridgway?
The median age in Ridgway is 40.5 years (Colorado: 37.7).
How long is the commute in Ridgway?
The average commute to work in Ridgway is 27 minutes; 23.8% of workers work from home.
What is the unemployment rate in Ridgway?
The unemployment rate in Ridgway is 8.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Ridgway?
60.7% of adults in Ridgway have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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