Living in Ridgway, Illinois
Cost of living, income, home prices, rent and demographics of Ridgway · Census data 2020–2024
Ridgway has 779 residents with a median age of 47.2. The median household income is $46,000 (45% lower than the Illinois median), the median home value is $75,000, the median rent is $667/month.
Ridgway is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Ridgway at a glance
- Population
- 779
- Median age
- 47.2State: 39
- Median household income
- $46,000State: $83,390
- Median home value
- $75,000State: $263,300
- Median rent
- $667/moState: $1,274
- Homeowners
- 79.7%
- Bachelor's degree or higher
- 17.9%
- Average commute
- 26 min
Is Ridgway a good place to live?
Pros: Home values 72% lower than the state median; an average commute of 26 minutes; unemployment of 4.6%; a poverty rate of 9.7%.
Cons: Median household income 45% lower than the Illinois median.
The weather is best in May and August to October.
Cost of living in Ridgway
Housing is the biggest part of the cost of living. In Ridgway the median home value is $75,000, 77% lower than the U.S. median. Renters pay a median of $667 per month, which is 22.3% of household income. Homeowners with a mortgage pay $762 a month in housing costs.
Ridgway median household income
The median household income in Ridgway is $46,000 and the income per person is $35,963. 9.7% of residents live below the poverty line (Illinois: 11.8%).
Housing in Ridgway: homes for sale and rent
- Housing units
- 486
- Owner-occupied
- 79.7%
- Renter-occupied
- 20.3%
- Vacant
- 16%Includes seasonal homes
- Median year built
- 1967
- Average household size
- 1.85
Ridgway demographics
- Population
- 779
- Median age
- 47.2
- Under 18
- 18%
- 65 and older
- 36.1%
- Households
- 408
- Foreign-born
- 0.8%
- Veterans
- 5%Adults 18+
Hispanic or Latino can be of any race. Population history of Ridgway ›
Education in Ridgway
17.9% of adults 25 and older in Ridgway have a bachelor's degree or higher (Illinois: 37.8%), and 10.2% have a graduate or professional degree.
Jobs and commute in Ridgway
- Unemployment rate
- 4.6%State: 5.8%
- Average commute
- 26 minState: 28 min
- Work from home
- 4%
- Drive alone
- 93%
- Public transit
- 0%
- Walk to work
- 0.6%
- Homes with broadband
- 71.1%
Ridgway vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Ridgway | 779 | $46,000 | $75,000 | $667 |
| Equality | 609 | $42,443 | $82,900 | $428 |
| Omaha | 171 | $57,321 | $47,500 | $810 |
| Shawneetown | 1,087 | $48,194 | $85,700 | $428 |
| Eldorado | 3,771 | $37,154 | $66,200 | $657 |
| New Haven | 464 | $36,250 | $61,000 | $490 |
| Norris City | 1,624 | $42,333 | $86,700 | $711 |
| Broughton | 206 | $54,375 | — | — |
| Raleigh | 235 | $49,167 | $80,000 | $600 |
More for people moving to Ridgway
Ridgway ZIP code ›Weather and climate ›Living in Ridgway: FAQ
What is the median household income in Ridgway, IL?
The median household income in Ridgway is $46,000, 45% lower 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 Ridgway?
The median home value in Ridgway is $75,000, compared with $263,300 in Illinois.
How much is rent in Ridgway?
The median gross rent in Ridgway is $667 per month, about 22.3% of household income.
Is Ridgway, IL a good place to live?
Pluses: home values 72% lower than the state median; an average commute of 26 minutes; unemployment of 4.6%; a poverty rate of 9.7%. Minuses: median household income 45% lower than the Illinois median.
What is the median age in Ridgway?
The median age in Ridgway is 47.2 years (Illinois: 39).
How long is the commute in Ridgway?
The average commute to work in Ridgway is 26 minutes; 4% of workers work from home.
What is the unemployment rate in Ridgway?
The unemployment rate in Ridgway is 4.6% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Ridgway?
17.9% 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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