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ZipNumbers

Illinois · Census place 63862

Ridge Farm village, IL

Quick answer

Ridge Farm village has 887 residents, ranking #737 of 1462 places in Illinois. Median household income is $50,833, the median home is worth $73,000 and median gross rent runs $695 a month.

Population
887Ridge Farm village residents
Median household income
$50,833Past 12 months, inflation adjusted
Median home value
$73,000Owner-occupied units
Median gross rent
$695Rent plus utilities, monthly
Median age
44.9 yrsAll residents
Homeownership rate
70.1%Owner-occupied households

What the numbers mean in Ridge Farm village

Housing cost measured against local earnings.

A household earning the Ridge Farm village median would spend about 16.4% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 1.4× the median household income; nationally that ratio sits near 4.5×. Poverty affects 9.8% of residents and 70.1% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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