Cost of Living in Chicago Ridge, IL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
116.9
100 = national avg
+16.9 vs national average
Living Wage (1 Adult)
$51,457
per year
Living Wage (Family of 4)
$121,627
per year
Cost Index by Category
Housing138.5
Food103.0
Transportation106.1
Healthcare102.4
Utilities109.5
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,581
per month
2 Bedroom
$1,781
per month
The overall cost of living index in Chicago Ridge is 116.9, which is 16.9% above the national average. Housing costs are above the national average at an index of 138.5. A single adult needs to earn approximately $51,457 per year to cover basic expenses.