Ridgway, IL, is a small city located in southern Illinois with a population of just under 1,000 people. Despite its size, this city offers plenty of activities and opportunities for residents. The cost of living is relatively low compared to the US average; 2 bedroom rent is $670, which is almost half as much as the national average. Furthermore, the Grocery Cost Index in Ridgway is 92 versus 100 in the US. This means that groceries are cheaper than the national average. There are also many local companies and services for those living in Ridgway including Sullivan’s Towing & Recovery, Woodman's Automotive Repair, Burns Construction & Remodeling LLC., and many more. These business and services provide local jobs while contributing to economy of Ridgway.
Ridgway has an unemployment rate of 6.4%. The US average is 6.0%.
Ridgway has seen the job market increase by 0.1% over the last year. Future job growth over the next ten years is predicted to be 23.6%, which is lower than the US average of 33.5%.
Tax Rates for Ridgway
- The Sales Tax Rate for Ridgway is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Ridgway 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 Ridgway
- The average income of a Ridgway resident is $23,260 a year. The US average is $28,555 a year.
- The Median household income of a Ridgway resident is $41,464 a year. The US average is $69,021 a year.