Housing costs in Park Ridge?
A typical home costs
$445,900, which is 31.9% more expensive than the national average of
$338,100 and 84.5% more expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Park Ridge costs
$1,620 per month, which is 13.3% more than the national average of
$1,430 and 22.2% more than the state average of
$1,260.
Can I afford Park Ridge?
To live comfortably in Park Ridge, Illinois, a minimum annual income of
$85,320 for a family, and
$56,400 for a single person is recommended.
What does A.I. say about Park Ridge?
Park Ridge, IL is a great place to live for those who want an affordable cost of living. The median home value in Park Ridge is just under $400,000 and the median rent is around $1,700 per month. The cost of living in Park Ridge is 7% lower than the Chicago average, so residents can be sure that their money goes farther here. Additionally, there are many amenities located in the city, such as grocery stores, restaurants, and entertainment venues, all of which offer competitive prices. Overall, Park Ridge offers an affordable cost of living for both renters and homeowners alike.