Ridge Farm, IL Profile: Facts & Data

Advertisement

Ridge Farm Local Links & Resources:
Resources | ALL Ridge Farm Content
Planning to visit Ridge Farm? See Local Hotels

Also See: Ridge Farm, IL ZIP Codes & ZIP Code Maps

Ridge Farm, Illinois - Basic Facts

The Village of Ridge Farm had a population of 818 as of July 1, 2020. Ridge Farm ranks in the lower quartile for Population Density and 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 Ridge Farm is located at latitude 39.8956 and longitude -87.652 in Vermilion County. The formal boundaries for the Village of Ridge Farm encompass a land area of 3.06 sq. miles and a water area of 0 sq. miles. Vermilion County is in the Central time zone (GMT -6). The elevation is 702 feet.

The Village of Ridge Farm (GNIS ID: 2399071) 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 Ridge Farm is located within Township of Elwood, a minor civil division (MCD) of Vermilion County.

Alternate Unofficial Names for Ridge Farm: Ridgefarm.

Advertisement

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

POPULATION

Total Population 818 (100%)
Population in Households 818 (100.0%)
Population in Families 688 (84.1%)
Population in Group Quarters1 0
Population Density 268
Diversity Index2 8
 
 

INCOME

Median Household Income $44,483
Average Household Income $58,180
% of Income for Mortgage4 7%
Per Capita Income $24,128
Wealth Index5 49
 

HOUSING

Total HU (Housing Units) 400 (100%)
Owner Occupied HU 256 (64.0%)
Renter Occupied HU 84 (21.0%)
Vacant Housing Units 61 (15.2%)
Median Home Value $71,986
Average Home Value $106,738
Housing Affordability Index3 297
 

HOUSEHOLDS

Total Households 339
Average Household Size 2.41
Family Households 242
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 -0.73% -1.0%
Households -0.56% -0.84%
Families -0.73% -0.93%
Median Household Income   1.81%
Per Capita Income   2.23%
Owner Occupied HU   -0.87%

Advertisement

Ridge Farm, IL - Peer Comparisons by Rank and Percentile

The table below compares Ridge Farm 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 # 760 45th
Population Density # 1219 11th
Median Household Income # 1158 15th
Housing Affordability Index # 1041 76th
Per Capita Income # 1122 18th
Diversity Index # 1022 25th

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

Ridge Farm, IL - Most Popular Things to Do

Also See: Nearby Hotels | Driving Directions

Use HTL Address Research for a Illinois Address and get...

Boundary Maps, Demographic Data, School Zones Review maps and data for the neighborhood, city, county, ZIP Code, and school zone. July 1, 2020, data includes home values, household income, percentage of homes owned, rented or vacant, etc.


Quick & Easy Ways to...

  1. Get Current Demographic Data for Cities, Towns, and ZIP Codes
  2. View Boundary Maps, for Cities, Towns, and ZIP Codes
  3. Locate Physical, Cultural, and Historical Features

Illinois Census Data Comparison Tool

Compare Illinois July 1, 2020 Data
Data:
Locations:
Highest or Lowest:
Results:

More Tools and Resources:

  1. For information about schools and school attendance zones, use the HTL Address Tool
  2. Our new HTL Neighborhood Explorer provides lots of detail about any neighborhood.
  3. The new 2-Minute Introduction and Concise Guide to Big Data which will help you make the most effective use of HomeTownLocator Tools.
  4. See the References & Data Sources page for more information about methodology and sources of data.
  5. See the Illinois COVID-19 Data and US COVID-19 Data for more information on the spread of the novel coronavirus.


Advertisement