Ridge Farm, IL is a small rural village located in Vermillion County, Illinois. With a population of just over 800 people, this quaint town offers affordable housing and groceries as well as accessible amenities. The average two-bedroom rent in Ridge Farm is $920 per month; almost one third lower than the U.S. average of $1,430. Additionally, groceries are much more affordable in Ridge Farm where the Grocery Cost Index registers at 90 compared to the national average of 100. Local companies such as the Ridge Farm Feed & Grain Store and S&S Auto Repair keep this rural community vibrant.
Ridge Farm (zip 61870) has an unemployment rate of 6.9%. The US average is 6.0%.
Ridge Farm (zip 61870) has seen the job market decrease by -6.0% 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 (zip 61870)
- The Sales Tax Rate for Ridge Farm (zip 61870) is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Ridge Farm (zip 61870) 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 (zip 61870)
- The average income of a Ridge Farm (zip 61870) resident is $24,221 a year. The US average is $37,638 a year.
- The Median household income of a Ridge Farm (zip 61870) resident is $46,250 a year. The US average is $69,021 a year.