Park Ridge, IL is a vibrant community in the northern part of Cook County. There are many attractions and amenities for locals, including a public library, outdoor recreation areas, and great shopping restaurants. It's also home to some well-known businesses such as Jewel-Osco supermarket chain, Advocate Condell Medical Centre, and AMITA Health Resurrection Medical Center. The cost of living in Park Ridge is slightly higher than that of other locations in the United States due to its close proximity to Chicago. The median rent for a two-bedroom apartment is $1,620 while the national median rate for two bedrooms is $1,430. In addition, grocery costs tend to be higher in Park Ridge with an index of 102 compared to 100 nationally. Despite the higher costs associated with living in Park Ridge, residents enjoy access to exceptional amenities and services that help make it an attractive area for those seeking a quality lifestyle.
Park Ridge has an unemployment rate of 5.1%. The US average is 6.0%.
Park Ridge has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 27.4%, which is lower than the US average of 33.5%.
Tax Rates for Park Ridge
- The Sales Tax Rate for Park Ridge is 10.0%. The US average is 7.3%.
- The Income Tax Rate for Park Ridge is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Park Ridge
- The average income of a Park Ridge resident is $45,635 a year. The US average is $28,555 a year.
- The Median household income of a Park Ridge resident is $124,535 a year. The US average is $69,021 a year.