Cost of Living: Park Ridge, IL vs Elgin, IL
Quick rent-and-take-home comparison
Using a baseline of $70,000/yr gross, take-home is about $4,227/mo in Park Ridge, IL versus $4,227/mo in Elgin, IL. In the model, rent is about 22.01% of gross in Park Ridge, IL versus 18.36% in Elgin, IL, so Elgin, IL tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Park Ridge, IL and Elgin, IL.
At a glance
- Cheaper overall (lower cost-of-living index): Elgin, IL
- Lower rent (median 1BR/2BR): Elgin, IL
- Lower home prices: Elgin, IL
- Higher median household income: Park Ridge, IL
Cost of Living Index
Park Ridge, IL: 100 (U.S. = 100) · Elgin, IL: 100 (U.S. = 100)
Both cities have the same cost-of-living index (U.S. average = 100).
Median Rent
Park Ridge, IL: $1,436/mo (midpoint of 1BR/2BR) · Elgin, IL: $1,197/mo
Median rent in Park Ridge, IL is $239/mo higher than in Elgin, IL.
Median Home Price
Park Ridge, IL: $539,300 · Elgin, IL: $252,400
Median home price in Park Ridge, IL is $286,900 higher than in Elgin, IL.
Median Household Income
Park Ridge, IL: $138,059 · Elgin, IL: $88,316
Park Ridge, IL has a higher median household income than Elgin, IL by $49,743.
Park Ridge, IL overview · Elgin, IL overview · Popular comparisons