What is the cost of living in Park Ridge, IL?
According to the most recent data on the cost of living, Park Ridge has an overall cost of living index of 135, which is 1.4x higher than the national index of 100.
Compared to Illinois, Park Ridge has a cost of living index that's 1.4x higher than Illinois's index of 98.
The standard of living in Park Ridge ranks as #311 most affordable out of the 336 places we measured in Illinois. By definition, that implies Park Ridge ranks as the #25 most expensive place in the Prairie State.
For more reading on life in Park Ridge, check out:
Park Ridge Cost Of Living Vs. Illinois
Six factors go into calculating the cost of living index in Park Ridge. Here is how it fares on each of the criteria:
The Services index in Park Ridge is 98.
The Groceries index in Park Ridge is 100.
The Health index in Park Ridge is 219.
The Housing index in Park Ridge is 103.
The Transportation index in Park Ridge is 99.
The Utilities index in Park Ridge is 101.
| Living Expense | Park Ridge | Illinois | National Average |
|---|---|---|---|
| Overall | 135 | 98 | 100 |
| Services | 98 | 99 | 100 |
| Groceries | 100 | 99 | 100 |
| Health | 219 | 96 | 100 |
| Housing | 103 | 101 | 100 |
| Transportation | 99 | 99 | 100 |
| Utilities | 101 | 101 | 100 |
Park Ridge Cost Of Living Compared To Illinois Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Illinois, check out:
Protect your home budget Compare home warranties in Park Ridge Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Park Ridge, IL Housing Cost Breakdown
Housing swings affordability the most between places in Illinois, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2020-2024. The key points are:
The Median Home Value in Park Ridge is $564,904.
The Median Rent in Park Ridge is $1,537.
The Median Income in Park Ridge is $142,986.
The Home Value To Income in Park Ridge is 4.0x.
The Rent To Monthly Income in Park Ridge is 0.13x.
| Statistic | Park Ridge | Illinois | United States |
|---|---|---|---|
| Median Home Value | $564,904 | $285,735 | $332,700 |
| Median Rent | $1,537 | $1,274 | $1,413 |
| Median Income | $142,986 | $83,390 | $80,734 |
| Home Value To Income | 4.0x | 3.4x | 4.1x |
| Rent To Monthly Income | 0.13x | 0.18x | 0.21x |
Park Ridge, IL Costs By Category
Detailed Park Ridge Services costs vs. Illinois
| Item | Park Ridge | Illinois |
|---|---|---|
| Shampoo | $1.27 | $1.28 |
| Movie | $17.91 | $12.13 |
| Bowling | $24.58 | $18 |
| Haircut | $33.69 | $24.26 |
| Beauty Salon | $53.44 | $45.56 |
Detailed Park Ridge Groceries costs vs. Illinois
| Item | Park Ridge | Illinois |
|---|---|---|
| Ground Beef | $5.28 | $5.84 |
| Fried Chicken | $1.42 | $1.57 |
| Milk | $4.87 | $4.67 |
| Potatoes | $4.9 | $4.93 |
| Pizza | $13.41 | $12.09 |
| Beer | $10.0 | $10.41 |
| Toothpaste | $3.75 | $3.7 |
Detailed Park Ridge Health costs vs. Illinois
| Item | Park Ridge | Illinois |
|---|---|---|
| Optometrist | $118.27 | $125.68 |
| Doctor | $167.67 | $135.78 |
| Dentist | $128.22 | $113.29 |
Detailed Park Ridge Transportation costs vs. Illinois
| Item | Park Ridge | Illinois |
|---|---|---|
| Gasoline | $3.56 | $3.46 |
| Tire Balancing | $70.87 | $59.92 |
Detailed Park Ridge Utilities costs vs. Illinois
| Item | Park Ridge | Illinois |
|---|---|---|
| All Electricity | $148.58 | $193.99 |
| Phone | $210.03 | $192.25 |
Park Ridge SnackAbility
Cost Of Living In Cities Around Park Ridge
The cost of living varies in the cities and towns around Park Ridge. Here's a quick look at the cost of living in the most populous nearby places:
Des Plaines, IL has a cost of living index of 110, 0.8x Park Ridge.
Glenview, IL has a cost of living index of 146, 1.1x Park Ridge.
Elmhurst, IL has a cost of living index of 134, 1.0x Park Ridge.
| City | Population | Cost Of Living | Vs. Park Ridge |
|---|---|---|---|
| Des Plaines, IL | 59,156 | 110 | 0.8x |
| Glenview, IL | 47,752 | 146 | 1.1x |
| Elmhurst, IL | 45,671 | 134 | 1.0x |
| Buffalo Grove, IL | 42,891 | 126 | 0.9x |
| Northbrook, IL | 34,585 | 151 | 1.1x |
| Highland Park, IL | 30,398 | 144 | 1.1x |
| Niles, IL | 30,064 | 114 | 0.8x |
| Wilmette, IL | 27,503 | 161 | 1.2x |
| Morton Grove, IL | 24,619 | 128 | 0.9x |
| Deerfield, IL | 19,518 | 148 | 1.1x |
