The median income in Ridgeway has shown a generally positive trend. From 2013 to 2021, median income increased from $56,888 to $78,408, representing a growth of about 38% over eight years. A slight decrease to $72,012 occurred in 2022. The population has fluctuated, from 1,026 in 2010 to 720 in 2017, before reaching 807 in 2022. These population changes do not appear to correlate strongly with income trends.

The persistent lack of racial diversity in Ridgeway contrasts with national trends towards increasing diversity in many areas of the United States. The median income growth in Ridgeway over the past decade generally aligns with broader economic recovery and growth trends seen across much of the country following the 2008 financial crisis. The slight decrease in median income from 2021 to 2022 could potentially be related to broader economic challenges faced nationwide.

Ridgeway has remained a "Low Diversity" community over the past decade while experiencing notable economic growth. The stability in racial composition coupled with income improvements suggests a community that has maintained its traditional demographic structure while benefiting from broader economic trends. The subtle increases in Hispanic and multiracial populations, although small, could be early indicators of potential future demographic shifts.