Cost of Living in Park Ridge, IL
Population: 39,241 • 2026 Data
$138,059
Median Household Income
+78% vs national
$1,511
Median Monthly Rent
+12% vs national
$539,300
Median Home Value
+59% vs national
3.7%
Unemployment Rate
Housing in Park Ridge
The median home value in Park Ridge, IL is $539,300. Monthly rent for a typical unit averages $1,511, while total monthly housing costs (including utilities and insurance) average $2,160.
Rent-to-income ratio: 13.1%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in Park Ridge, IL is $138,059. The unemployment rate stands at 3.7%, with a labor force of 20,430 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.