Living in Ridgewood, Illinois
Cost of living, income, home prices, rent and demographics of Ridgewood · Census data 2020–2024
Ridgewood has 2,795 residents with a median age of 33.3. The median household income is $92,500 (11% higher than the Illinois median), the median home value is $161,300, the median rent is $1,634/month.
Ridgewood at a glance
- Population
- 2,795
- Median age
- 33.3State: 39
- Median household income
- $92,500State: $83,390
- Median home value
- $161,300State: $263,300
- Median rent
- $1,634/moState: $1,274
- Homeowners
- 69.5%
- Bachelor's degree or higher
- 10.8%
- Average commute
- 29 min
Is Ridgewood a good place to live?
Pros: Median household income 11% higher than the Illinois median; home values 39% lower than the state median.
Cons: An average commute of 29 minutes; unemployment of 8.7%; a poverty rate of 22.8%.
The weather is best in June to September.
Cost of living in Ridgewood
Housing is the biggest part of the cost of living. In Ridgewood the median home value is $161,300, 52% lower than the U.S. median. Renters pay a median of $1,634 per month, which is 51% of household income. Homeowners with a mortgage pay $1,385 a month in housing costs.
Ridgewood median household income
The median household income in Ridgewood is $92,500 and the income per person is $29,869. 22.8% of residents live below the poverty line (Illinois: 11.8%).
Housing in Ridgewood: homes for sale and rent
- Housing units
- 848
- Owner-occupied
- 69.5%
- Renter-occupied
- 30.5%
- Vacant
- 0%Includes seasonal homes
- Median year built
- 1955
- Average household size
- 3.30
Ridgewood demographics
- Population
- 2,795
- Median age
- 33.3
- Under 18
- 31.2%
- 65 and older
- 4.9%
- Households
- 848
- Foreign-born
- 25.7%
- Veterans
- 2.2%Adults 18+
Hispanic or Latino can be of any race. Population history of Ridgewood ›
Education in Ridgewood
10.8% of adults 25 and older in Ridgewood have a bachelor's degree or higher (Illinois: 37.8%), and 2.6% have a graduate or professional degree.
Jobs and commute in Ridgewood
- Unemployment rate
- 8.7%State: 5.8%
- Average commute
- 29 minState: 28 min
- Work from home
- 5.3%
- Drive alone
- 80.8%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 97.6%
Ridgewood vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Ridgewood | 2,795 | $92,500 | $161,300 | $1,634 |
| Ingalls Park | 3,015 | $57,917 | $157,800 | $1,408 |
| Fairmont | 2,617 | $70,795 | $182,300 | $1,455 |
| Preston Heights | 2,449 | $51,625 | $144,100 | $1,197 |
| Lockport | 26,409 | $111,981 | $316,000 | $1,525 |
| New Lenox | 28,006 | $140,865 | $399,900 | $1,431 |
| Bonnie Brae | 846 | $60,500 | $219,800 | $1,835 |
| Rockdale | 2,553 | $59,135 | $188,300 | $1,256 |
| Crest Hill | 20,628 | $73,033 | $232,900 | $1,481 |
More for people moving to Ridgewood
Ridgewood ZIP code ›Weather and climate ›Living in Ridgewood: FAQ
What is the median household income in Ridgewood, IL?
The median household income in Ridgewood is $92,500, 11% higher than the Illinois median of $83,390 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Ridgewood?
The median home value in Ridgewood is $161,300, compared with $263,300 in Illinois.
How much is rent in Ridgewood?
The median gross rent in Ridgewood is $1,634 per month, about 51% of household income.
Is Ridgewood, IL a good place to live?
Pluses: median household income 11% higher than the Illinois median; home values 39% lower than the state median. Minuses: an average commute of 29 minutes; unemployment of 8.7%; a poverty rate of 22.8%.
What is the median age in Ridgewood?
The median age in Ridgewood is 33.3 years (Illinois: 39).
How long is the commute in Ridgewood?
The average commute to work in Ridgewood is 29 minutes; 5.3% of workers work from home.
What is the unemployment rate in Ridgewood?
The unemployment rate in Ridgewood is 8.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Ridgewood?
10.8% of adults in Ridgewood 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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