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Ridgewood, Illinois Demographics & Population 2026

Very AffordableHome value to income ratio of 1.7x is exceptionally low

During the 2020–2024 ACS period, Ridgewood, Illinois had a total population of 2,795, the 438th largest community in Illinois, with a median household income of $92,500, which is 11% higher than the state average. The poverty rate is 22.8%.

Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes

Key Takeaways

Ridgewood Quick Facts

Population 2,795
Median Household Income $92,500
Median Home Value $161,300
Poverty Rate 22.8%
Unemployment Rate 8.7%
Median Age 33.3 years
Homeownership Rate 69.5%
Affordability Ratio 1.7x
Bachelor's Degree or Higher 10.8%
High School Graduation Rate 66.3%
Diversity Index 45/100
Population 2,795 438th of 1,445
Median Income $92,500 top 30%
Poverty Rate 22.8% 83% higher than national
Median Home Value $161,300 above average

How Ridgewood Changed

Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.

Metric2019–20232020–2024Change
Population2,9972,795-6.7%
Median household income$96,334$92,500-4.0%
Median home value$142,400$161,300+13.3%

How Ridgewood Compares

Economy & Housing

Household Income Distribution

Under $25K 17.9%
$25K-$50K 14.1%
$50K-$100K 24.8%
$100K+ 43.2%
Detailed income brackets
Under $10K
1.9%
$10K-$15K
0.0%
$15K-$20K
4.1%
$20K-$25K
11.9%
$25K-$30K
4.4%
$30K-$35K
5.3%
$35K-$40K
2.9%
$40K-$45K
1.5%
$45K-$50K
0.0%
$50K-$60K
6.1%
$60K-$75K
4.1%
$75K-$100K
14.5%
$100K-$125K
13.6%
$125K-$150K
11.3%
$150K-$200K
12.8%
$200K+
5.4%

Employment

8.7% Unemployment Rate State: 5.8%|National: 5.2%
76.3% Labor Force Participation

Housing Overview

Owner 69.5%
Renter 30.5%
Affordability Index Very Affordable
1.7x home value to income ratio
Median gross rent $1,634/mo 21.2% of median household income annually

People & Demographics

Diversity Index

45out of 100
Moderate Diversity

Moderate diversity with one or two groups making up the majority.

State average: 61 | National average: 61

Education

Ridgewood Rankings in Illinois

#438 Population of 1,445
#294 Median Income of 1,374
#1098 Education of 1,444
#483 Home Value of 1,372

Other Cities in Will County

CityPopulationMedian IncomePovertyHome Value
Joliet 150,445 $92,201 11.1% $265,800
Plainfield 46,708 $144,000 4.2% $431,400
Romeoville 41,152 $106,325 5.5% $257,100
Oswego 36,375 $123,792 2.6% $344,500
New Lenox 28,006 $140,865 1.5% $399,900
Lockport 26,409 $111,981 6.8% $316,000
Crest Hill 20,628 $73,033 12.0% $232,900
Mokena 20,021 $123,889 4.5% $401,400
Shorewood 18,343 $122,105 5.2% $337,800
Channahon 13,927 $119,494 5.9% $327,900

Cities Similar to Ridgewood

These cities in the same state have comparable population and economic profiles.

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Holiday Shores2,782$86,907$245,10033.4%4.1%
Arcola2,892$89,827$124,10020.9%9.6%
Gillespie2,815$82,772$91,00022.1%17.1%
Winnebago2,981$92,614$194,00030.0%6.6%
Pawnee2,738$81,103$149,50035.0%14.2%

Population Overview

Ridgewood is a small community located in Illinois, within Will County. The total population is 2,795. It ranks as the 438th most populous out of 1,445 Census-designated places in Illinois.

Age Demographics

The median age in Ridgewood is 33.3 years. This is 15% lower than the state median of 39.0 years. With 31.2% of the population under 18, Ridgewood has a notably young demographic profile, suggesting a family-oriented community.

Economy, Income & Housing

The median household income in Ridgewood is $92,500. This is 11% higher than the state median of $83,390. It is also 15% higher than the national median of $80,734. The poverty rate stands at 22.8%. This is 93% higher than the state poverty rate of 11.8%. With more than one in five residents living below the poverty line, economic hardship is a significant challenge for the community. The unemployment rate is 8.7%. This is 49% higher than the state rate of 5.8%. The median home value is $161,300. Housing costs are 39% lower than the state median of $263,300. With a home-value-to-income ratio of just 1.7x, Ridgewood is one of the most affordable housing markets in the area. 69.5% of occupied housing units are owner-occupied. This homeownership rate is 4% higher than the state average of 67.1%.

Race & Ethnicity

The largest racial or ethnic group in Ridgewood is Hispanic or Latino, making up 71.7% of the population. White (non-Hispanic) residents account for 14.2%. The White (non-Hispanic) population (14.2%) is well below the state average of 58.1%. The Hispanic or Latino population is significantly higher than the state average (71.7% vs 18.8%).

Education

10.8% of residents aged 25 and older hold a bachelor's degree or higher. This is 71% lower than the state rate of 37.9%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 66.3%.

Data Sources & Methodology

All demographic data for Ridgewood, Illinois is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Illinois state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 1,445 Census-designated places in Illinois. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.

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Frequently Asked Questions

What is the population of Ridgewood, Illinois?

Ridgewood, Illinois has a population of 2,795 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Ridgewood, IL?

The median household income in Ridgewood is $92,500, which is 15% higher than the national median of $80,734.

What is the poverty rate in Ridgewood, IL?

The poverty rate in Ridgewood is 22.8%. This means approximately 637 residents live below the federal poverty line.

What is the racial makeup of Ridgewood, Illinois?

Ridgewood's population is 14.2% White, 13.8% Black, 71.7% Hispanic/Latino, and 0.0% Asian.

What is the median home value in Ridgewood, IL?

The median home value in Ridgewood is $161,300. The home-value-to-income ratio is 1.7x.

How educated is Ridgewood, Illinois?

10.8% of adults (25+) in Ridgewood hold a bachelor's degree or higher, and 2.6% hold a graduate or professional degree.