Ridgewood, IL
Population 2,997 · Illinois
About Ridgewood, IL
Ridgewood is a small town located in Illinois with a population of 2,997 residents according to the latest US Census Bureau American Community Survey data. The median household income is $96,334 per year, which is 28% above the national median of $75,149. The median age of 31.6 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Ridgewood features a median home value of $142,400, which is 42% below the national median of $244,900. This makes Ridgewood one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $1,455, 25% above the national average of $1,163/month. Of the 946 total housing units, 62% are owner-occupied (555 units) and 38% are renter-occupied (334 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Ridgewood shows an unemployment rate of 6.4%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 16.4%, above the national average of 12.4%. Workers in Ridgewood have an average one-way commute time of 28.9 minutes.
Education & Demographics
10.3% of Ridgewood 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 60.9% White, 14.5% Hispanic or Latino, 2.8% Black or African American, and 5.2% Asian residents, with 27.8% of the population being foreign-born.
Cost of Living in Ridgewood, IL
Compared to national averages, Ridgewood has a median household income of $96,334 (28% above the national median of $75,149). Home values average $142,400, which is 42% below the national median. Monthly rent at $1,455 is 25% above the US average of $1,163. Within Illinois, Ridgewood's income is 28% above the state average of $75,072, and home values are 14% below the state median of $165,779.
Why Live in Ridgewood, IL?
Ridgewood offers a strong local economy with a median household income of $96,334, well above the national average, and affordable housing with a median home value of $142,400, below the US average of $244,900.
Ridgewood has a population of 2,997 with a median age of 31.6 years. Compare Ridgewood with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Ridgewood
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Nashville | 2,991 | $61,753 | $146,500 | Compare |
| Ingalls Park | 2,970 | $55,268 | $143,800 | Compare |
| Dixmoor | 2,962 | $39,861 | $75,500 | Compare |
| Momence | 3,076 | $52,048 | $159,600 | Compare |
| Diamond | 2,900 | $60,000 | $211,500 | Compare |
| Galena | 2,899 | $55,765 | $199,700 | Compare |
| Winnebago | 2,896 | $82,813 | $180,300 | Compare |
| Georgetown | 3,105 | $56,781 | $70,500 | 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 Ridgewood With Other Cities
Frequently Asked Questions about Ridgewood
What is the population of Ridgewood, IL?
The population of Ridgewood, IL is 2,997 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Illinois.
What is the median household income in Ridgewood?
The median household income in Ridgewood, IL is $96,334 per year, which is 28% above the national median of $75,149.
What is the median home value in Ridgewood?
The median home value in Ridgewood, IL is $142,400, which is 42% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Ridgewood?
The median monthly rent in Ridgewood, IL is $1,455, which is 25% above the national average of $1,163/month.
What is the unemployment rate in Ridgewood?
The unemployment rate in Ridgewood, IL is 6.4%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Ridgewood, IL a good place to live?
Ridgewood offers above-average incomes, affordable housing, and growing employment opportunities. With a population of 2,997 and a median age of 31.6, the city appeals to young professionals and families.
How educated is Ridgewood, IL?
10.3% of residents in Ridgewood 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 Ridgewood?
Key cost-of-living indicators for Ridgewood, IL: median home value is $142,400 (42% below national), median rent is $1,455/month, and median household income is $96,334. The home-value-to-income ratio is 1.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Ridgewood?
The poverty rate in Ridgewood, IL is 16.4%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Ridgewood, IL?
Ridgewood's population is 60.9% White, 14.5% Hispanic or Latino, 2.8% Black or African American, 5.2% Asian, and 14.5% two or more races. 27.8% of residents are foreign-born.