Cost of Living in Park Ridge, IL
Population 39,241 · Illinois · Data vintage 2023
(100 = US avg)
The Park Ridge cost-of-living profile is closer to the US median than most headline-grabbing metros — typical homes around $539,000, rents near $1,511 a month.
Geographically, Park Ridge sits roughly 15 miles northwest of Chicago. Median home values run roughly 71% higher than Chicago's $315,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Park Ridge
The median home value in Park Ridge is $539,300 — 77% above the national median of $305,000. Median rent runs $1,511/month, 15% higher than the national median of $1,314/month. The median household income of $138,059/year is 85% higher than the US median of $74,580. The local unemployment rate is 3.7%, 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, Park Ridge has a cost of living index of 152 versus the US average of 100, meaning it is 52% more 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 Park Ridge, IL?
Park Ridge has a cost index of 152 (100 = national average). It is 52% above the national average.
What is average rent in Park Ridge, IL?
The median gross rent in Park Ridge is $1,511 per month based on 2023 Census data.
What is the average home price in Park Ridge?
The median home value in Park Ridge is $539,300 according to Zillow and Census data.
What is the median income in Park Ridge?
The median household income in Park Ridge is $138,059 per year (2023 ACS 5-year estimates).
What is the sales tax in Park Ridge, IL?
The combined state and local sales tax rate in Park Ridge is 8.7%. The Illinois state income tax top rate is 5.0%.
Is Park Ridge, IL affordable?
Park Ridge is above average in cost of living, with an index of 152 — about 52% higher than the national average.
Park Ridge at a Glance
- Population
- 39,241
- Median Income
- $138,059
- Home Value
- $539,300
- Median Rent
- $1,511/mo
- Unemployment
- 3.7%
- Sales Tax
- 8.7%
Nearby Cities
Explore county-level cost of living data
Illinois Rankings
Similar Cost Cities
Cities in other states with comparable housing costs