Cost of Living in Park Ridge, IL
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
190.3
100 = national avg
+90.3 vs national average
Living Wage (1 Adult)
$83,751
per year
Living Wage (Family of 4)
$197,956
per year
Cost Index by Category
Housing237.8
Food155.5
Transportation143.9
Healthcare144.4
Utilities160.9
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 Park Ridge is 190.3, which is 90.3% above the national average. Housing costs are above the national average at an index of 237.8. A single adult needs to earn approximately $83,751 per year to cover basic expenses.