Is Park Ridge, Illinois a Good Place To Live? - Living In Park Ridge, IL

Is Park Ridge, Illinois a good place to live?
Park Ridge is a city in Illinois state in USA with a population of 37431 residents.. The poverty rate of Park Ridge is 3.9%, which is 72% lower than national average. The typical household in Park Ridge earns $113809 a year, compared to the national median of $67,500. Nearly 20.8% of households earn less than $50,000 a year compared to 39% national rate.

A high school education is a basic prerequisite for most jobs, and in Park Ridge, only 96% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Park Ridge remained 3.2%, which is 32% lower than national rate. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Park Ridge, only 62% of adults have a bachelor's degree and 21% have some college but no degree.

Cost of living in Park Ridge is 131, which is 31% higher than national average. Median home value in Park Ridge is $451200 , which is 96% higher than national average. While median income in Park Ridge remained $113809, which is 69% higher than national average. Not only are incomes low in the town, but it also has a high cost of living, meaning a dollar does not go as far as it might elsewhere.
Population
37431
Unemployment
3.2%
32% NAT AVG.
Poverty
3.9%
72% NAT AVG.
Overall Score
10
Median Home Cost
$451200
96% NAT AVG.
Median Income
$113809
69% NAT AVG.
Median Rent
$1360
17% NAT AVG.
Cost Of Living
131
31% NAT AVG.
People Living BPL
1 in 26
Unemployed People
1 in 31
People Earning < $10,000
1 in 29
People Earning < $50,000
20.8%
People with <= High School
1 in 5.9
People With Any Degree
1 in 1.5
Pros & Cons Overview

Jobs90%

Housing90%

Affordability80%

Safety90%

Amenities95%

Diversity60%

Education90%

Commute50%