Ridgeway, VA
Population 1,082 · Virginia
About Ridgeway, VA
Ridgeway is a small town located in Virginia with a population of 1,082 residents according to the latest US Census Bureau American Community Survey data. The median household income is $60,938 per year, which is 19% below the national median of $75,149. The median age of 35.4 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 Ridgeway features a median home value of $147,400, which is 40% below the national median of $244,900. This positions Ridgeway in a moderately priced market relative to the rest of the country. Median monthly rent is $745, 36% below the national average of $1,163/month. Of the 370 total housing units, 80% are owner-occupied (240 units) and 20% are renter-occupied (61 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Ridgeway shows an unemployment rate of 1.3%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 7.5%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Ridgeway have an average one-way commute time of 34.8 minutes.
Education & Demographics
21.4% of Ridgeway 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 4.5% White, 0.3% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 1.1% of the population being foreign-born.
How Ridgeway Ranks in Virginia
Cost of Living in Ridgeway, VA
Compared to national averages, Ridgeway has a median household income of $60,938 (19% below the national median of $75,149). Home values average $147,400, which is 40% below the national median. Monthly rent at $745 is 36% below the US average of $1,163. Within Virginia, Ridgeway's income is 31% below the state average of $87,957, and home values are 55% below the state median of $327,514.
Why Live in Ridgeway, VA?
Ridgeway offers affordable housing with a median home value of $147,400, below the US average of $244,900, and rent that’s lower than the national average at $745/month, and a strong job market with an unemployment rate of just 1.3%. Additionally, the city features a low poverty rate of 7.5%, better than the national average.
Potential considerations include median household income ($60,938) that falls below the national average. However, Ridgeway’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Ridgeway has a population of 1,082 with a median age of 35.4 years. Compare Ridgeway with other cities to see how it stacks up, or explore all cities in Virginia.
Similar Cities Near Ridgeway
Cities in Virginia with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Wakefield | 1,082 | $56,250 | $155,600 | Compare |
| Arrington | 1,084 | $47,000 | $144,300 | Compare |
| Rushmere | 1,087 | $76,429 | $331,700 | Compare |
| Occoquan | 1,089 | $142,083 | $482,900 | Compare |
| Plum Creek | 1,067 | $38,915 | $110,900 | Compare |
| Craigsville | 1,052 | $40,080 | $142,400 | Compare |
| St. Paul | 1,046 | $29,554 | $178,800 | Compare |
| Castlewood | 1,120 | $58,958 | $163,300 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Virginia
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Ridgeway With Other Cities
Frequently Asked Questions about Ridgeway
What is the population of Ridgeway, VA?
The population of Ridgeway, VA is 1,082 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Virginia.
What is the median household income in Ridgeway?
The median household income in Ridgeway, VA is $60,938 per year, which is 19% below the national median of $75,149.
What is the median home value in Ridgeway?
The median home value in Ridgeway, VA is $147,400, which is 40% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Ridgeway?
The median monthly rent in Ridgeway, VA is $745, which is 36% below the national average of $1,163/month.
What is the unemployment rate in Ridgeway?
The unemployment rate in Ridgeway, VA is 1.3%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Ridgeway, VA a good place to live?
Ridgeway offers a moderate cost of living, affordable housing, and a strong job market. With a population of 1,082 and a median age of 35.4, the city appeals to a broad range of residents.
How educated is Ridgeway, VA?
21.4% of residents in Ridgeway 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 Ridgeway?
Key cost-of-living indicators for Ridgeway, VA: median home value is $147,400 (40% below national), median rent is $745/month, and median household income is $60,938. The home-value-to-income ratio is 2.4x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Ridgeway?
The poverty rate in Ridgeway, VA is 7.5%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Ridgeway, VA?
Ridgeway's population is 4.5% White, 0.3% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 39.3% two or more races. 1.1% of residents are foreign-born.