Housing costs in Ridgway?
A typical home costs
$71,500, which is 78.9% less expensive than the national average of
$338,100 and 70.4% less expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Ridgway costs
$670 per month, which is 53.1% cheaper than the national average of
$1,430 and 88.1% cheaper than the state average of
$1,260.
Can I afford Ridgway?
To live comfortably in Ridgway, Illinois, a minimum annual income of
$13,680 for a family, and
$23,200 for a single person is recommended.
What does A.I. say about Ridgway?
The cost of living in Ridgway, IL is quite reasonable. The median home value is $87,500 which is significantly lower than the national average and provides room to grow a comfortable nest egg. The unemployment rate is 3.7%, well below the national average, and the median household income of $46,061 gives plenty of potential for savings. With an overall low cost of living, many residents are able to enjoy all that Ridgway has to offer while still being able to save money for future investments or leisure activities.