Park Ridge, IL
Population 39,241 · Illinois
About Park Ridge, IL
Park Ridge is a mid-sized city located in Illinois with a population of 39,241 residents according to the latest US Census Bureau American Community Survey data. The median household income is $138,059 per year, which is 84% above the national median of $75,149. The median age of 44.5 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Park Ridge features a median home value of $539,300, which is 120% above the national median of $244,900. This places Park Ridge in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,511, 30% above the national average of $1,163/month. Of the 16,013 total housing units, 85% are owner-occupied (12,943 units) and 15% are renter-occupied (2,236 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Park Ridge shows an unemployment rate of 3.7%, which is near the national rate of 3.7%. The poverty rate stands at 3.5%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Park Ridge have an average one-way commute time of 28.2 minutes.
Education & Demographics
65.1% of Park Ridge residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 2.2% White, 0.6% Hispanic or Latino, 2.1% Black or African American, and 1.4% Asian residents, with 15.0% of the population being foreign-born.
How Park Ridge Ranks in Illinois
Cost of Living in Park Ridge, IL
Compared to national averages, Park Ridge has a median household income of $138,059 (84% above the national median of $75,149). Home values average $539,300, which is 120% above the national median. Monthly rent at $1,511 is 30% above the US average of $1,163. Within Illinois, Park Ridge's income is 84% above the state average of $75,072, and home values are 225% above the state median of $165,779.
Why Live in Park Ridge, IL?
Park Ridge offers a strong local economy with a median household income of $138,059, well above the national average, and a well-educated community where 65.1% of residents hold a bachelor’s degree or higher, and a low poverty rate of 3.5%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $539,300. However, Park Ridge’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Park Ridge has a population of 39,241 with a median age of 44.5 years. Compare Park Ridge with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Park Ridge
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Quincy | 39,188 | $56,372 | $146,100 | Compare |
| Carol Stream | 39,427 | $105,395 | $308,700 | Compare |
| Streamwood | 39,055 | $101,049 | $258,300 | Compare |
| Wheeling | 38,495 | $83,251 | $244,600 | Compare |
| Urbana | 38,447 | $45,854 | $186,300 | Compare |
| Crystal Lake | 40,436 | $105,428 | $287,400 | Compare |
| DeKalb | 40,464 | $46,564 | $202,900 | Compare |
| Bartlett | 40,531 | $130,479 | $350,500 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Illinois
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Park Ridge With Other Cities
Frequently Asked Questions about Park Ridge
What is the population of Park Ridge, IL?
The population of Park Ridge, IL is 39,241 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Illinois.
What is the median household income in Park Ridge?
The median household income in Park Ridge, IL is $138,059 per year, which is 84% above the national median of $75,149.
What is the median home value in Park Ridge?
The median home value in Park Ridge, IL is $539,300, which is 120% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Park Ridge?
The median monthly rent in Park Ridge, IL is $1,511, which is 30% above the national average of $1,163/month.
What is the unemployment rate in Park Ridge?
The unemployment rate in Park Ridge, IL is 3.7%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Park Ridge, IL a good place to live?
Park Ridge offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 39,241 and a median age of 44.5, the city appeals to a broad range of residents.
How educated is Park Ridge, IL?
65.1% of residents in Park Ridge aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Park Ridge?
Key cost-of-living indicators for Park Ridge, IL: median home value is $539,300 (120% above national), median rent is $1,511/month, and median household income is $138,059. The home-value-to-income ratio is 3.9x, a moderate figure by national standards.
What is the poverty rate in Park Ridge?
The poverty rate in Park Ridge, IL is 3.5%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Park Ridge, IL?
Park Ridge's population is 2.2% White, 0.6% Hispanic or Latino, 2.1% Black or African American, 1.4% Asian, and 1.0% two or more races. 15.0% of residents are foreign-born.