Living in Ridgeway, Virginia
Cost of living, income, home prices, rent and demographics of Ridgeway · Census data 2020–2024
Ridgeway has 1,051 residents with a median age of 40.1. The median household income is $76,875 (17% lower than the Virginia median), the median home value is $164,300, the median rent is $727/month.
Ridgeway is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Ridgeway at a glance
- Population
- 1,051
- Median age
- 40.1State: 39
- Median household income
- $76,875State: $93,170
- Median home value
- $164,300State: $383,700
- Median rent
- $727/moState: $1,579
- Homeowners
- 81.9%
- Bachelor's degree or higher
- 24.2%
- Average commute
- 34 min
Is Ridgeway a good place to live?
Pros: Home values 57% lower than the state median; unemployment of 0.5%; a poverty rate of 6.2%.
Cons: Median household income 17% lower than the Virginia median; an average commute of 34 minutes.
The weather is best in April–May and September–October.
Cost of living in Ridgeway
Housing is the biggest part of the cost of living. In Ridgeway the median home value is $164,300, 51% lower than the U.S. median. Renters pay a median of $727 per month, which is 23.7% of household income. Homeowners with a mortgage pay $1,321 a month in housing costs.
Ridgeway median household income
The median household income in Ridgeway is $76,875 and the income per person is $28,795. 6.2% of residents live below the poverty line (Virginia: 9.9%).
Housing in Ridgeway: homes for sale and rent
- Housing units
- 397
- Owner-occupied
- 81.9%
- Renter-occupied
- 18.1%
- Vacant
- 19.4%Includes seasonal homes
- Median year built
- 1981
- Average household size
- 3.28
Ridgeway demographics
- Population
- 1,051
- Median age
- 40.1
- Under 18
- 36.6%
- 65 and older
- 14.2%
- Households
- 320
- Foreign-born
- 0.3%
- Veterans
- 5.7%Adults 18+
Hispanic or Latino can be of any race. Population history of Ridgeway ›
Education in Ridgeway
24.2% of adults 25 and older in Ridgeway have a bachelor's degree or higher (Virginia: 42.2%), and 6.8% have a graduate or professional degree.
Jobs and commute in Ridgeway
- Unemployment rate
- 0.5%State: 4.3%
- Average commute
- 34 minState: 27 min
- Work from home
- 8.2%
- Drive alone
- 88.4%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 82.5%
Ridgeway vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Ridgeway | 1,051 | $76,875 | $164,300 | $727 |
| Horse Pasture | 2,236 | $54,216 | $123,600 | $855 |
| Sandy Level | 407 | $43,468 | $110,900 | — |
| Martinsville | 13,658 | $46,727 | $98,400 | $808 |
| Chatmoss | 1,563 | $73,643 | $224,900 | — |
| Stoneville | 1,094 | $44,630 | $150,600 | $738 |
| Eden | 15,356 | $47,260 | $120,700 | $799 |
| Laurel Park | 553 | $41,700 | $145,800 | — |
| Villa Heights | 601 | $25,797 | $121,900 | — |
More for people moving to Ridgeway
Ridgeway ZIP code ›Weather and climate ›Living in Ridgeway: FAQ
What is the median household income in Ridgeway, VA?
The median household income in Ridgeway is $76,875, 17% lower than the Virginia median of $93,170 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Ridgeway?
The median home value in Ridgeway is $164,300, compared with $383,700 in Virginia.
How much is rent in Ridgeway?
The median gross rent in Ridgeway is $727 per month, about 23.7% of household income.
Is Ridgeway, VA a good place to live?
Pluses: home values 57% lower than the state median; unemployment of 0.5%; a poverty rate of 6.2%. Minuses: median household income 17% lower than the Virginia median; an average commute of 34 minutes.
What is the median age in Ridgeway?
The median age in Ridgeway is 40.1 years (Virginia: 39).
How long is the commute in Ridgeway?
The average commute to work in Ridgeway is 34 minutes; 8.2% of workers work from home.
What is the unemployment rate in Ridgeway?
The unemployment rate in Ridgeway is 0.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Ridgeway?
24.2% of adults in Ridgeway 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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