Cost of Living: Lakeville, MN vs Park Ridge, IL
Quick rent-and-take-home comparison
Using a baseline of $70,000/yr gross, take-home is about $4,119/mo in Lakeville, MN versus $4,227/mo in Park Ridge, IL. In the model, rent is about 25.17% of gross in Lakeville, MN versus 22.01% in Park Ridge, IL, so Park Ridge, IL tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Lakeville, MN and Park Ridge, IL.
At a glance
- Cheaper overall (lower cost-of-living index): Park Ridge, IL
- Lower rent (median 1BR/2BR): Park Ridge, IL
- Lower home prices: Lakeville, MN
- Higher median household income: Lakeville, MN
Cost of Living Index
Lakeville, MN: 100 (U.S. = 100) · Park Ridge, IL: 100 (U.S. = 100)
Both cities have the same cost-of-living index (U.S. average = 100).
Median Rent
Lakeville, MN: $1,641/mo (midpoint of 1BR/2BR) · Park Ridge, IL: $1,436/mo
Median rent in Lakeville, MN is $205/mo higher than in Park Ridge, IL.
Median Home Price
Lakeville, MN: $425,200 · Park Ridge, IL: $539,300
Median home price in Park Ridge, IL is $114,100 higher than in Lakeville, MN.
Median Household Income
Lakeville, MN: $138,119 · Park Ridge, IL: $138,059
Lakeville, MN has a higher median household income than Park Ridge, IL by $60.
Lakeville, MN overview · Park Ridge, IL overview · Popular comparisons