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Cost of Living in Ridgeway, VA

Population: 1,082 | Virginia

70
Cost of Living Index
US Average = 100

Ridgeway is 30% less expensive than the national average.

56
Housing
48
Home Values
100
Regional Price

Cost of Living in Ridgeway, VA: What You Need to Know

With a cost of living index of 70, Ridgeway, VA is one of the most affordable cities in the country. Living here is 30% cheaper than the national average and 35% below the Virginia state average of 104. Ridgeway is a small community of 1,082 residents.

Housing costs are the biggest factor in Ridgeway's cost of living. The median monthly rent is $745 (44% below the US median of $1,319), and the median home value sits at $147,400 (52% below the national median of $304,900). At current prices, the median home costs roughly 2.4x the median household income — well within traditional affordability guidelines.

The median household income in Ridgeway is $60,938, which is 19% lower than the national median of $75,149. Residents spend roughly 15% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Climate is another factor for anyone considering a move to Ridgeway. The area sees an average annual temperature of 58.3°F, with summers averaging 76°F and winters around 40°F. Annual rainfall totals 43.7 inches spread over roughly 122 days.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.

Income

Median Household Income
$60,938
vs US Median ($75,149)
-19%

Housing

Median Rent
$745/mo
Median Home Value
$147,400
Median Monthly Housing Cost
$716/mo

Climate in Ridgeway

NOAA 30-year normals (1991-2020)

58.3°F
Avg Temperature
43.7"
Rainfall / Year
122d
Rainy Days / Year
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
High °F 49 53 61 71 78 85 89 87 81 71 61 52
Avg °F 39 42 49 58 66 74 78 77 70 59 48 41
Low °F 28 30 37 45 54 63 67 66 59 46 36 30
Rain" 3.4 2.7 3.5 3.5 4.1 4.0 4.9 3.5 4.3 3.3 3.5 3.1

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