Ridgely, MD Profile: Facts & Data

Ridgely, Maryland - Basic Facts

The Town of Ridgely had a population of 1,733 as of July 1, 2024.

The primary coordinate point for Ridgely is located at latitude 38.9479 and longitude -75.8844 in Caroline County. The formal boundaries for the Town of Ridgely encompass a land area of 1.87 sq. miles and a water area of 0 sq. miles. Caroline County is in the Eastern time zone (GMT -5).

The Town of Ridgely has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The Town of Ridgely is located within District 7, Ridgely, a minor civil division (MCD) of Caroline County.

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Ridgely, MD Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	1,733 (100%)
Population in Households	1,733 (100.0%)
Population in Families	1,384 (79.9%)
Population in Group Quarters¹	0
Population Density	930
Diversity Index²	56


INCOME
Median Household Income	$65,162
Average Household Income	$79,939
% of Income for Mortgage⁴	28%
Per Capita Income	$30,675
Wealth Index⁵	60
Socioeconomic Status Index⁶	Low (42.5)

HOUSING
Total HU (Housing Units)	741 (100%)
Owner Occupied HU	451 (60.9%)
Renter Occupied HU	214 (28.9%)
Vacant Housing Units	76 (10.3%)
Median Home Value	$291,591
Average Home Value	$333,814
Housing Affordability Index³	88

HOUSEHOLDS
Total Households	665
Average Household Size	2.61
Family Households	418
Average Family Size	3.00

HOUSING

Total HU (Housing Units)

741 (100%)

Owner Occupied HU

451 (60.9%)

Renter Occupied HU

214 (28.9%)

Vacant Housing Units

76 (10.3%)

Median Home Value

$291,591

Average Home Value

$333,814

Housing Affordability Index³

HOUSEHOLDS

Total Households

665

Average Household Size

2.61

Family Households

418

Average Family Size

3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	1.73%	0.87%
Households	1.74%	1.23%
Families		1.58%
Median Household Income		1.89%
Per Capita Income		2.66%
Owner Occupied HU		1.59%

GROWTH RATE / YEAR

2020-2024

2024-2029

Population

1.73%

0.87%

Households

1.74%

1.23%

Families

1.58%

Median Household Income

1.89%

Per Capita Income

2.66%

Owner Occupied HU

1.59%

Ridgely, MD - Peer Comparisons by Rank and Percentile

The table below compares Ridgely to the other 536 incorporated cities, towns and CDPs in Maryland by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description	Rank	Percentile
Total Population	# 291	46th
Population Density	# 316	41st
Median Household Income	# 427	21st
Housing Affordability Index	# 275	51st
Per Capita Income	# 471	12th
Diversity Index	# 202	62nd

Variable Description

Rank

Percentile

Total Population

# 291

46th

Population Density

# 316

41st

Median Household Income

# 427

21st

Housing Affordability Index

# 275

51st

Per Capita Income

# 471

12th

Diversity Index

# 202

62nd

Maryland Census Data Comparison Tool

Ridgely, MD Profile: Facts & Data

Ridgely, Maryland - Basic Facts

Ridgely, MD Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Ridgely, MD - Peer Comparisons by Rank and Percentile

Ridgely, MD - Most Popular Things to Do

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Caroline County