Living in Park Ridge, Illinois
Cost of living, income, home prices, rent and demographics of Park Ridge · Census data 2020–2024
Park Ridge has 38,667 residents with a median age of 44.4. The median household income is $142,986 (71% higher than the Illinois median), the median home value is $551,200, the median rent is $1,537/month.
Park Ridge at a glance
- Population
- 38,667
- Median age
- 44.4State: 39
- Median household income
- $142,986State: $83,390
- Median home value
- $551,200State: $263,300
- Median rent
- $1,537/moState: $1,274
- Homeowners
- 84.8%
- Bachelor's degree or higher
- 66.1%
- Average commute
- 29 min
Is Park Ridge a good place to live?
Pros: Median household income 71% higher than the Illinois median; unemployment of 4.2%; a poverty rate of 2.9%.
Cons: Home values 109% higher than the state median; an average commute of 29 minutes.
The weather is best in June to September.
Cost of living in Park Ridge
Housing is the biggest part of the cost of living. In Park Ridge the median home value is $551,200, 66% higher than the U.S. median. Renters pay a median of $1,537 per month, which is 27.7% of household income. Homeowners with a mortgage pay $3,312 a month in housing costs.
Park Ridge median household income
The median household income in Park Ridge is $142,986 and the income per person is $77,214. 2.9% of residents live below the poverty line (Illinois: 11.8%).
Housing in Park Ridge: homes for sale and rent
- Housing units
- 15,573
- Owner-occupied
- 84.8%
- Renter-occupied
- 15.2%
- Vacant
- 4.5%Includes seasonal homes
- Median year built
- 1960
- Average household size
- 2.56
Park Ridge demographics
- Population
- 38,667
- Median age
- 44.4
- Under 18
- 24.7%
- 65 and older
- 20.2%
- Households
- 14,867
- Foreign-born
- 15.1%
- Veterans
- 3.4%Adults 18+
Hispanic or Latino can be of any race. Population history of Park Ridge ›
Education in Park Ridge
66.1% of adults 25 and older in Park Ridge have a bachelor's degree or higher (Illinois: 37.8%), and 27.2% have a graduate or professional degree.
Jobs and commute in Park Ridge
- Unemployment rate
- 4.2%State: 5.8%
- Average commute
- 29 minState: 28 min
- Work from home
- 23.5%
- Drive alone
- 59.4%
- Public transit
- 8.6%
- Walk to work
- 1.7%
- Homes with broadband
- 94.2%
Park Ridge vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Park Ridge | 38,667 | $142,986 | $551,200 | $1,537 |
| Niles | 30,064 | $75,274 | $358,700 | $1,336 |
| Rosemont | 3,290 | $63,517 | $344,900 | $1,085 |
| Des Plaines | 59,156 | $97,875 | $335,600 | $1,606 |
| Norridge | 15,439 | $87,807 | $374,900 | $1,433 |
| Morton Grove | 24,619 | $111,116 | $389,100 | $2,164 |
| Harwood Heights | 8,821 | $81,086 | $321,900 | $1,236 |
| Schiller Park | 11,393 | $69,696 | $275,000 | $1,221 |
| Golf | 518 | $242,772 | $954,700 | — |
More for people moving to Park Ridge
Park Ridge ZIP code ›Weather and climate ›Living in Park Ridge: FAQ
What is the median household income in Park Ridge, IL?
The median household income in Park Ridge is $142,986, 71% higher than the Illinois median of $83,390 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Park Ridge?
The median home value in Park Ridge is $551,200, compared with $263,300 in Illinois.
How much is rent in Park Ridge?
The median gross rent in Park Ridge is $1,537 per month, about 27.7% of household income.
Is Park Ridge, IL a good place to live?
Pluses: median household income 71% higher than the Illinois median; unemployment of 4.2%; a poverty rate of 2.9%. Minuses: home values 109% higher than the state median; an average commute of 29 minutes.
What is the median age in Park Ridge?
The median age in Park Ridge is 44.4 years (Illinois: 39).
How long is the commute in Park Ridge?
The average commute to work in Park Ridge is 29 minutes; 23.5% of workers work from home.
What is the unemployment rate in Park Ridge?
The unemployment rate in Park Ridge is 4.2% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Park Ridge?
66.1% of adults in Park Ridge have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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