Ridgeway, VA
Full City Profile · Virginia · Martinsville city County
Ridgeway, VA
At a Glance
How Ridgeway Compares to the U.S. Average
Each bar shows Ridgeway's value as a percentage of the national average (100% = U.S. avg)
Is Ridgeway a Good Place to Live?
Economy & Jobs
Ridgeway residents earn a median household income of $60,938 , which is 19% below the national average of $75,149. Per capita income is $24,337. The unemployment rate stands at 1.3% (64% below the U.S. rate of 3.6%). 7.9% of residents live below the poverty line. The area is home to 959 business establishments, including 41 restaurants.
Housing & Cost of Living
The median home value in Ridgeway is $147,400 , 48% below the national median of $281,900. Zillow estimates the typical home at $167,753. Median rent is $745/month, with 24.2% of renters spending more than 30% of income on housing. The cost of living index is 101.1 (100 = national average). The median home was built in 1977.
Education
21.4% of adults in Ridgeway hold a bachelor's degree or higher (36% below the national average). 87.5% have completed high school. Local schools score 5.6/10 in standardized testing.
Climate & Weather
Ridgeway has an average annual temperature of 56°F (13°C). Winters average 36°F in January while summers reach 76°F in July. Annual precipitation totals 47.4 inches.