Ridge Farm, IL Profile: Facts & Data

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Ridge Farm, Illinois - Basic Facts

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The Village of Ridge Farm had a population of 983 as of July 1, 2021. 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 705 feet.

The Village of Ridge Farm 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.

Jump to... (On This Page!)
  1. Ridge Farm 2021 Demographic Data
  2. Growth Rates for Ridge Farm (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Illinois Research Tools (Easy Tools & Current Data)
  3. Illinois Data Comparison Tool - 2021 Demographics
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Ridge Farm, IL Data & Demographics (As of July 1, 2021)

POPULATION

Total Population 983 (100%)
Population in Households 983 (100.0%)
Population in Families 824 (83.8%)
Population in Group Quarters1 0
Population Density 322
Diversity Index2 8
 
 

INCOME

Median Household Income $44,018
Average Household Income $58,188
% of Income for Mortgage4 7%
Per Capita Income $24,215
Wealth Index5 50
 

HOUSING

Total HU (Housing Units) 485 (100%)
Owner Occupied HU 308 (63.5%)
Renter Occupied HU 101 (20.8%)
Vacant Housing Units 77 (15.9%)
Median Home Value $71,657
Average Home Value $86,650
Housing Affordability Index3 284
 

HOUSEHOLDS

Total Households 408
Average Household Size 2.41
Family Households 290
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

2010-2021 2021-2026
Population 0.97% 0.14%
Households 1.14% 0.29%
Families 0.94% 0.21%
Median Household Income   2.14%
Per Capita Income   2.68%
Owner Occupied HU   0.51%

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, 2021 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 # 710 48th
Population Density # 1186 13th
Median Household Income # 1223 11th
Housing Affordability Index # 1025 75th
Per Capita Income # 1175 14th
Diversity Index # 1059 22nd

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

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