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EconPulse

Local economy signal dashboard

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PLACEStable

Ridgway, IL

Stable overall. Federal Funds is the clearest support signal, while gdp / output needs the most attention. Housing reads as affordable for a median-income household.

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Overall score48out of 100
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0
57
12
76
100

Population

779

Data freshness

Unknown

GDP / Output

-12.2% YoY

0

$172.5M

Output changed -12.2% in 2024.

Vintage date unknown

State growth4.3%
U.S. growth5.3%

Jobs

Unemployment rate

57

4.6%

Unemployment is 4.6% for Latest available.

Vintage date unknown

State avg5.1%
U.S. avg5.2%

Population

-6.3% 5-year

12

779

Population moved -6.3% over the latest ACS window.

Vintage date unknown

State population12,694,798
U.S. population334,922,499

Housing

Rent share of income

76

17.4%

Median rent consumes 17.4% of median household income: Affordable.

Vintage date unknown

State rent$1.3K
U.S. rent$1.4K
HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

Federal Funds

$10.1K per resident

100

$50.2M

$50.2M in federal obligations flowed here in FY2025.

Vintage date unknown

State total$134.6B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

$50.2M

$10.1K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$31.6M
2. Department of Agriculture$8.7M
3. Department of Transportation$5.0M

Top recipients

Dollars
1. REDACTED DUE TO PII$8.5M
2. ILLINOIS DEPARTMENT OF TRANSPORTATION$5.0M
3. HOUSING AUTHORITY OF GALLATIN$724.5K

Affordable

Housing Affordability

17.4%

of median income

1BR estimate$547
2BR estimate$720
Median income$46,000
Median home value$75,000

ACS context

Quick Facts

Population

779

Median age

47.2

Bachelor's degree+

17.9%

Poverty rate

9.7%

Labor force participation

53.4%

Prime rate

6.8%

CPI YoY

+3.2%

U.S. GDP YoY

+6.5%

Sources and warnings

Data Provenance

Census ACS 5-year

2024

BLS LAUS / CPS

Latest available

BEA regional CAGDP1

2024

USAspending

FY2025

FRED

2026-07-30

HUD Fair Market Rent

Latest available

Data notes
  • HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

5-year compound growth

Historical Trends

Population CAGR

-1.3%

GDP CAGR

+3.9%

Federal flow

5 years

Population (5 years)
2020831
2021708
2022742
2023764
2024779
GDP (5 years)
2020$142.2M
2021$175.3M
2022$195.9M
2023$196.6M
2024$172.5M

2-year linear forecast

Predictive Outlook

Population forecast

2024779
2025750 *
2026746 *

R² = 2.8% · * projected

GDP forecast

2024$172.5M
2025$201.1M *
2026$209.3M *

R² = 34.0% · * projected

Linear regression over available historical data. Projections are estimates based on past trends and do not account for policy changes, economic shocks, or other external factors.

housing affordability breakdown

Cost of Living

Median household income$46,000/yr
Median rent$667/mo
Rent share of income17.4%
Est. mortgage (30yr, 6.5%)$4,551/yr
Mortgage share of income9.9%

Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.

employment snapshot

Job Market

Unemployment rate4.6%
State avg5.1%
U.S. avg5.2%
Labor force participation53.4%
Poverty rate9.7%

Data from BLS LAUS / CPS. Latest available.

valuation snapshot

Real Estate

Median home value$75,000
Median monthly rent$667
Price-to-rent ratio9.4x

Low price-to-rent ratio — buying may be more favorable than renting in this market.

composite score

Investment Climate

Investment climateWeak
Composite score29/100
Economic growth0/100
Labor market57/100
Population momentum12/100
Overall stability48/100

Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.

Location Context

Ridgway village, Illinois

City/Town

Part of

Illinois

Nearby locations

Junction, ILEquality, ILOmaha, ILShawneetown, ILOld Shawneetown, IL