Living in Ridgely, Tennessee
Cost of living, income, home prices, rent and demographics of Ridgely · Census data 2020–2024
Ridgely has 1,796 residents with a median age of 35.8. The median household income is $24,390 (65% lower than the Tennessee median), the median home value is $83,300, the median rent is $560/month.
Ridgely at a glance
- Population
- 1,796
- Median age
- 35.8State: 38.9
- Median household income
- $24,390State: $69,595
- Median home value
- $83,300State: $286,700
- Median rent
- $560/moState: $1,189
- Homeowners
- 41.7%
- Bachelor's degree or higher
- 12.1%
- Average commute
- 22 min
Is Ridgely a good place to live?
Pros: Home values 71% lower than the state median; an average commute of 22 minutes.
Cons: Median household income 65% lower than the Tennessee median; unemployment of 8%; a poverty rate of 43.6%.
The weather is best in May and August to October.
Cost of living in Ridgely
Housing is the biggest part of the cost of living. In Ridgely the median home value is $83,300, 75% lower than the U.S. median. Renters pay a median of $560 per month, which is 26.9% of household income. Homeowners with a mortgage pay $961 a month in housing costs.
Ridgely median household income
The median household income in Ridgely is $24,390 and the income per person is $17,324. 43.6% of residents live below the poverty line (Tennessee: 13.8%).
Housing in Ridgely: homes for sale and rent
- Housing units
- 839
- Owner-occupied
- 41.7%
- Renter-occupied
- 58.3%
- Vacant
- 6.4%Includes seasonal homes
- Median year built
- 1973
- Average household size
- 2.19
Ridgely demographics
- Population
- 1,796
- Median age
- 35.8
- Under 18
- 28.4%
- 65 and older
- 23.6%
- Households
- 785
- Foreign-born
- 1.9%
- Veterans
- 2.6%Adults 18+
Hispanic or Latino can be of any race. Population history of Ridgely ›
Education in Ridgely
12.1% of adults 25 and older in Ridgely have a bachelor's degree or higher (Tennessee: 31.1%), and 4% have a graduate or professional degree.
Jobs and commute in Ridgely
- Unemployment rate
- 8%State: 4.7%
- Average commute
- 22 minState: 26 min
- Work from home
- 2.4%
- Drive alone
- 81.9%
- Public transit
- 0%
- Walk to work
- 2.8%
- Homes with broadband
- 72%
Ridgely vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Ridgely | 1,796 | $24,390 | $83,300 | $560 |
| Tiptonville | 3,572 | $23,027 | $106,500 | $510 |
| Samburg | 231 | $41,250 | $205,000 | $589 |
| Hornbeak | 540 | $63,036 | $94,300 | $795 |
| Caruthersville | 5,326 | $34,652 | $107,700 | $801 |
| Lenox | 348 | $76,250 | — | — |
| Hayti | 2,090 | $24,881 | $70,400 | $660 |
| Newbern | 3,289 | $58,455 | $99,700 | $825 |
| Finley | 481 | $73,846 | $162,500 | $913 |
More for people moving to Ridgely
Ridgely ZIP code ›Weather and climate ›Living in Ridgely: FAQ
What is the median household income in Ridgely, TN?
The median household income in Ridgely is $24,390, 65% lower than the Tennessee median of $69,595 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Ridgely?
The median home value in Ridgely is $83,300, compared with $286,700 in Tennessee.
How much is rent in Ridgely?
The median gross rent in Ridgely is $560 per month, about 26.9% of household income.
Is Ridgely, TN a good place to live?
Pluses: home values 71% lower than the state median; an average commute of 22 minutes. Minuses: median household income 65% lower than the Tennessee median; unemployment of 8%; a poverty rate of 43.6%.
What is the median age in Ridgely?
The median age in Ridgely is 35.8 years (Tennessee: 38.9).
How long is the commute in Ridgely?
The average commute to work in Ridgely is 22 minutes; 2.4% of workers work from home.
What is the unemployment rate in Ridgely?
The unemployment rate in Ridgely is 8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Ridgely?
12.1% of adults in Ridgely 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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