Ridgway, IL Profile: Facts & Data

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Ridgway, Illinois - Basic Facts

The Village of Ridgway had a population of 854 as of July 1, 2020. Ridgway ranks in the lower quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Illinois. See peer rankings below.

The primary coordinate point for Ridgway is located at latitude 37.7992 and longitude -88.2612 in Gallatin County. The formal boundaries for the Village of Ridgway encompass a land area of 0.91 sq. miles and a water area of 0 sq. miles. Gallatin County is in the Central time zone (GMT -6). The elevation is 374 feet.

The Village of Ridgway (GNIS ID: 2399074) has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The Village of Ridgway is located within Township of Ridgway, a minor civil division (MCD) of Gallatin County.

Alternate Unofficial Names for Ridgway: Ridgeway.

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Ridgway, IL Data & Demographics (As of July 1, 2020)

POPULATION

Total Population 854 (100%)
Population in Households 854 (100.0%)
Population in Families 652 (76.3%)
Population in Group Quarters1 0
Population Density 971
Diversity Index2 7
 
 

INCOME

Median Household Income $47,163
Average Household Income $58,189
% of Income for Mortgage4 8%
Per Capita Income $25,979
Wealth Index5 55
 

HOUSING

Total HU (Housing Units) 453 (100%)
Owner Occupied HU 304 (67.1%)
Renter Occupied HU 105 (23.2%)
Vacant Housing Units 44 ( 9.7%)
Median Home Value $89,948
Average Home Value $104,868
Housing Affordability Index3 313
 

HOUSEHOLDS

Total Households 409
Average Household Size 2.09
Family Households 243
Average Family Size 3
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

GROWTH RATE / YEAR

2010-2020 2020-2025
Population -0.14% -0.64%
Households -0.02% -0.59%
Families 0.58% -0.67%
Median Household Income   2.03%
Per Capita Income   1.97%
Owner Occupied HU   -0.73%

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Ridgway, IL - Peer Comparisons by Rank and Percentile

The table below compares Ridgway to the other 1,369 incorporated cities, towns and CDPs in Illinois by rank and percentile using July 1, 2020 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 747 46th
Population Density # 752 45th
Median Household Income # 1071 22nd
Housing Affordability Index # 1109 81st
Per Capita Income # 952 31st
Diversity Index # 1137 17th

Additional comparisons and rankings can be made with a VERY EASY TO USE Illinois Census Data Comparison Tool.

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