Housing costs in Park Ridge?
A typical home costs
$445,700, which is 31.8% more expensive than the national average of
$338,100 and 84.4% more expensive than the average Illinois home, at
$241,700. Renting a two-bedroom unit in Park Ridge costs
$1,610 per month, which is 27.8% more than the national average of
$1,260 and 13.0% more than the state average of
$1,400.
Can I afford Park Ridge?
To live comfortably in Park Ridge (zip 60068), Illinois, a minimum annual income of
$85,320 for a family, and
$56,000 for a single person is recommended.
What does A.I. say about Park Ridge?
The cost of living in 60068 Park Ridge, IL is slightly higher than the national average but still relatively affordable. It's estimated that the overall cost of living is 17% higher than the national average, with housing costs making up a large portion of this difference. The median home value in Park Ridge stands at around $342,000, which is significantly higher than the median for Illinois as a whole. Renting can be expensive too, with many apartments and condos costing upwards of $2,000 per month. Despite this, Park Ridge remains an attractive option due to its excellent schools and close proximity to Chicago.