Ridge Farm, IL
Population 887 · Illinois
About Ridge Farm, IL
Ridge Farm is a small community located in Illinois with a population of 887 residents according to the latest US Census Bureau American Community Survey data. The median household income is $50,833 per year, which is 32% below the national median of $75,149. The median age of 44.9 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Ridge Farm features a median home value of $73,000, which is 70% below the national median of $244,900. This makes Ridge Farm one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $695, 40% below the national average of $1,163/month. Of the 399 total housing units, 70% are owner-occupied (255 units) and 30% are renter-occupied (109 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Ridge Farm shows an unemployment rate of 10.3%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 9.8%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Ridge Farm have an average one-way commute time of 32.3 minutes.
Education & Demographics
6.1% of Ridge Farm residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 2.6% White, 0.2% Hispanic or Latino, 0.0% Black or African American, and 0.3% Asian residents, with 1.4% of the population being foreign-born.
Cost of Living in Ridge Farm, IL
Compared to national averages, Ridge Farm has a median household income of $50,833 (32% below the national median of $75,149). Home values average $73,000, which is 70% below the national median. Monthly rent at $695 is 40% below the US average of $1,163. Within Illinois, Ridge Farm's income is 32% below the state average of $75,072, and home values are 56% below the state median of $165,779.
Why Live in Ridge Farm, IL?
Ridge Farm offers affordable housing with a median home value of $73,000, below the US average of $244,900, and rent that’s lower than the national average at $695/month, and a low poverty rate of 9.8%, better than the national average.
Potential considerations include median household income ($50,833) that falls below the national average. However, Ridge Farm’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Ridge Farm has a population of 887 with a median age of 44.9 years. Compare Ridge Farm with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Ridge Farm
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Braceville | 890 | $70,278 | $176,400 | Compare |
| Mansfield | 890 | $72,500 | $133,600 | Compare |
| Blue Mound | 891 | $63,472 | $98,700 | Compare |
| Sandoval | 883 | $51,827 | $60,300 | Compare |
| Indian Creek | 892 | $152,500 | $443,100 | Compare |
| Kansas | 905 | $65,515 | $66,300 | Compare |
| Coyne Center | 906 | $120,938 | $218,800 | Compare |
| Odell | 866 | $77,212 | $130,400 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Illinois
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Ridge Farm With Other Cities
Frequently Asked Questions about Ridge Farm
What is the population of Ridge Farm, IL?
The population of Ridge Farm, IL is 887 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Illinois.
What is the median household income in Ridge Farm?
The median household income in Ridge Farm, IL is $50,833 per year, which is 32% below the national median of $75,149.
What is the median home value in Ridge Farm?
The median home value in Ridge Farm, IL is $73,000, which is 70% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Ridge Farm?
The median monthly rent in Ridge Farm, IL is $695, which is 40% below the national average of $1,163/month.
What is the unemployment rate in Ridge Farm?
The unemployment rate in Ridge Farm, IL is 10.3%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Ridge Farm, IL a good place to live?
Ridge Farm offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 887 and a median age of 44.9, the city appeals to a broad range of residents.
How educated is Ridge Farm, IL?
6.1% of residents in Ridge Farm aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Ridge Farm?
Key cost-of-living indicators for Ridge Farm, IL: median home value is $73,000 (70% below national), median rent is $695/month, and median household income is $50,833. The home-value-to-income ratio is 1.4x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Ridge Farm?
The poverty rate in Ridge Farm, IL is 9.8%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Ridge Farm, IL?
Ridge Farm's population is 2.6% White, 0.2% Hispanic or Latino, 0.0% Black or African American, 0.3% Asian, and 1.4% two or more races. 1.4% of residents are foreign-born.