Park Ridge, WI is a small town located in northeastern Wisconsin with a population of approximately 2,000 people. The town is close to several larger cities including Milwaukee and Green Bay making it an ideal location for those seeking affordable housing with good access to employment opportunities. The average two bedroom rent in Park Ridge is much lower than the national average at $900 versus $1,430 making it an attractive place for renters. Additionally, the grocery cost index in Park Ridge is 93 compared to 100 in the US adding to its attractivity as a low-cost area with great amenities.
The local economy benefits from many small businesses like K&K Hardware & Grocery Store, Parkside Pizza & Pub, and Bosacki’s Deli & Catering. These companies are popular among locals and visitors alike adding to the charm of this friendly community.
Overall, Park Ridge offers an affordable cost of living combined with easy access to nearby cities for entertainment and employment opportunities making it an ideal area for families or individuals on a budget.
Park Ridge has an unemployment rate of 4.6%. The US average is 6.0%.
Park Ridge has seen the job market increase by 0.0% over the last year. Future job growth over the next ten years is predicted to be 29.9%, which is lower than the US average of 33.5%.
Tax Rates for Park Ridge
- The Sales Tax Rate for Park Ridge is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Park Ridge is 6.3%. 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 $31,899 a year. The US average is $28,555 a year.
- The Median household income of a Park Ridge resident is $81,161 a year. The US average is $69,021 a year.