Cost of Living in Chicago Ridge, IL
Population 14,147 · Illinois · Data vintage 2023
(100 = US avg)
Housing costs in Chicago Ridge stay well under national norms: a median home value of $218,000 against median household incomes of $69,389 gives the city one of the more comfortable price-to-income ratios in Illinois.
Chicago Ridge sits roughly 10 miles southwest of Chicago — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 31% lower than Chicago's $315,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Chicago Ridge
The median home value in Chicago Ridge is $217,800 — 29% below the national median of $305,000. Median rent runs $1,198/month, 9% lower than the national median of $1,314/month. The median household income of $69,389/year is 7% lower than the US median of $74,580. The local unemployment rate is 4.6%, below the national average of 4.8%. Illinois's top state income tax rate is 5.0% and the combined sales tax is 8.7%. Overall, Chicago Ridge has a cost of living index of 79 versus the US average of 100, meaning it is 21% less expensive.
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
Frequently Asked Questions
What is the cost of living in Chicago Ridge, IL?
Chicago Ridge has a cost index of 79 (100 = national average). It is 21% below the national average.
What is average rent in Chicago Ridge, IL?
The median gross rent in Chicago Ridge is $1,198 per month based on 2023 Census data.
What is the average home price in Chicago Ridge?
The median home value in Chicago Ridge is $217,800 according to Zillow and Census data.
What is the median income in Chicago Ridge?
The median household income in Chicago Ridge is $69,389 per year (2023 ACS 5-year estimates).
What is the sales tax in Chicago Ridge, IL?
The combined state and local sales tax rate in Chicago Ridge is 8.7%. The Illinois state income tax top rate is 5.0%.
Is Chicago Ridge, IL affordable?
Yes, Chicago Ridge is generally considered affordable, with a cost of living index of 79 — about 21% below the US national average of 100.
Chicago Ridge at a Glance
- Population
- 14,147
- Median Income
- $69,389
- Home Value
- $217,800
- Median Rent
- $1,198/mo
- Unemployment
- 4.6%
- Sales Tax
- 8.7%
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Illinois Rankings
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