Ridgway, CO
Population 1,247 · Colorado
About Ridgway, CO
Ridgway is a small town located in Colorado with a population of 1,247 residents according to the latest US Census Bureau American Community Survey data. The median household income is $88,218 per year, which is 17% above the national median of $75,149. The median age of 41.1 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Ridgway features a median home value of $677,700, which is 177% above the national median of $244,900. This places Ridgway in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,336, 15% above the national average of $1,163/month. Of the 702 total housing units, 55% are owner-occupied (354 units) and 45% are renter-occupied (289 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Ridgway shows an unemployment rate of 8.4%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 12.2%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Ridgway have an average one-way commute time of 31.4 minutes.
Education & Demographics
53.3% of Ridgway residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 1.4% White, 0.6% Hispanic or Latino, 0.0% Black or African American, and 3.4% Asian residents, with 2.2% of the population being foreign-born.
Cost of Living in Ridgway, CO
Compared to national averages, Ridgway has a median household income of $88,218 (17% above the national median of $75,149). Home values average $677,700, which is 177% above the national median. Monthly rent at $1,336 is 15% above the US average of $1,163. Within Colorado, Ridgway's income is 0% below the state average of $88,514, and home values are 48% above the state median of $457,127.
Why Live in Ridgway, CO?
Ridgway offers a strong local economy with a median household income of $88,218, well above the national average, and a well-educated community where 53.3% of residents hold a bachelor’s degree or higher, and a low poverty rate of 12.2%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $677,700. However, Ridgway’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Ridgway has a population of 1,247 with a median age of 41.1 years. Compare Ridgway with other cities to see how it stacks up, or explore all cities in Colorado.
Similar Cities Near Ridgway
Cities in Colorado with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Ignacio | 1,255 | $65,759 | $252,200 | Compare |
| Wiggins | 1,202 | $89,948 | $322,900 | Compare |
| Julesburg | 1,193 | $48,056 | $131,100 | Compare |
| Fraser | 1,189 | $81,786 | $593,800 | Compare |
| Deer Trail | 1,180 | $76,250 | $374,100 | Compare |
| Aetna Estates | 1,177 | $63,887 | $58,200 | Compare |
| Kersey | 1,318 | $61,136 | $317,900 | Compare |
| Indian Hills | 1,320 | $173,125 | $757,400 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Colorado
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Ridgway With Other Cities
Frequently Asked Questions about Ridgway
What is the population of Ridgway, CO?
The population of Ridgway, CO is 1,247 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Colorado.
What is the median household income in Ridgway?
The median household income in Ridgway, CO is $88,218 per year, which is 17% above the national median of $75,149.
What is the median home value in Ridgway?
The median home value in Ridgway, CO is $677,700, which is 177% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Ridgway?
The median monthly rent in Ridgway, CO is $1,336, which is 15% above the national average of $1,163/month.
What is the unemployment rate in Ridgway?
The unemployment rate in Ridgway, CO is 8.4%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Ridgway, CO a good place to live?
Ridgway offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 1,247 and a median age of 41.1, the city appeals to a broad range of residents.
How educated is Ridgway, CO?
53.3% of residents in Ridgway aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Ridgway?
Key cost-of-living indicators for Ridgway, CO: median home value is $677,700 (177% above national), median rent is $1,336/month, and median household income is $88,218. The home-value-to-income ratio is 7.7x, which suggests housing may be stretched relative to local earnings.
What is the poverty rate in Ridgway?
The poverty rate in Ridgway, CO is 12.2%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Ridgway, CO?
Ridgway's population is 1.4% White, 0.6% Hispanic or Latino, 0.0% Black or African American, 3.4% Asian, and 2.6% two or more races. 2.2% of residents are foreign-born.