Ridge Farm, IL is a beautiful rural community located in Vermilion county. Residents enjoy great outdoor activities such as hiking, camping, fishing, boating and picnicking. The cost of living in Ridge Farm is quite reasonable; for example, the average 2 bedroom rent is $900 while the same apartment would be $1,430 in the US. Groceries are even cheaper in Ridge Farm than most places, coming in at 90 on the grocery cost index versus 100 elsewhere. Local businesses include Riley's Hardware Store for all your home improvement needs and Midway Cafe for delicious home-cooked meals. All in all, Ridge Farm is an ideal place to live with low costs and plenty of great activities and amenities.
Ridge Farm has an unemployment rate of 6.9%. The US average is 6.0%.
Ridge Farm has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 17.5%, which is lower than the US average of 33.5%.
Tax Rates for Ridge Farm
- The Sales Tax Rate for Ridge Farm is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Ridge Farm is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Ridge Farm
- The average income of a Ridge Farm resident is $25,203 a year. The US average is $28,555 a year.
- The Median household income of a Ridge Farm resident is $50,104 a year. The US average is $69,021 a year.