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Park Ridge, Illinois Retirement Guide
established retirement community
45
Retirement Score
Park Ridge, Illinois at a Glance
- Median Home Price
- $518,500
- State Income Tax
- State income tax; Social Security and retirement income (pensions, 401k, IRA) fully exempt.
- Avg January Low
- 16.3°F
- Cost of Living Index
- 101.2 (US avg = 100)
- Best For
- established retirement community
- RetireCityIQ Score
- 45 / 100
Retirement Data
Affordability
Cost of Living Index
101.2 (U.S. avg = 100)High confidence
BEA Regional Price Parities · Updated May 2026
Median Home Price
$518,500High confidence
U.S. Census ACS 5-Year · Updated June 2026
Median Monthly Rent
$1,487High confidence
U.S. Census ACS 5-Year · Updated June 2026
Taxes
Retirement Tax Score
60 / 100High confidence
Tax Foundation · Updated June 2026
Tax Details
State income tax; Social Security and retirement income (pensions, 401k, IRA) fully exempt.High confidence
Tax Foundation · Updated June 2026
Retiree Readiness (Sprint 2)
Care Access Score (proxy)
29.9 / 100High confidence
RetireCityIQ proxy model · Updated June 2026
Aging-in-Place Score (proxy)
51.8 / 100High confidence
RetireCityIQ proxy model · Updated June 2026
Healthcare
Healthcare Access Score
29.9 / 100High confidence
CMS Hospital General Information · Updated June 2026
Climate
Avg July High
82.3°FHigh confidence
Open-Meteo Historical Weather (ERA5) · Updated June 2026
Avg January Low
16.3°FHigh confidence
Open-Meteo Historical Weather (ERA5) · Updated June 2026
Annual Precipitation
42.5"High confidence
Open-Meteo Historical Weather (ERA5) · Updated June 2026
Sunny Days / Year
266 daysHigh confidence
Open-Meteo Historical Weather (ERA5) · Updated June 2026
Safety
Safety Score
92.3 / 100High confidence
FBI Crime Data Explorer · Updated June 2026
Walkability
Walk Score (proxy)
21.3 / 100High confidence
U.S. Census ACS 5-Year (B08301) · Updated June 2026
Transit Score (proxy)
35.1 / 100High confidence
U.S. Census ACS 5-Year (B08301) · Updated June 2026
Demographics
Population
39,368High confidence
U.S. Census ACS 5-Year · Updated June 2026
Median Age
45.1High confidence
U.S. Census ACS 5-Year · Updated June 2026
Age 65+
20.5%High confidence
U.S. Census ACS 5-Year · Updated June 2026
Median Household Income
$137,964High confidence
U.S. Census ACS 5-Year · Updated June 2026
Community Profile
Owner-Occupied Housing
85.1%High confidence
U.S. Census ACS 5-Year · Updated June 2026
Veterans
4.1%High confidence
U.S. Census ACS 5-Year · Updated June 2026
Bachelor's Degree+
63.9%High confidence
U.S. Census ACS 5-Year · Updated June 2026
Poverty Rate
4.3%High confidence
U.S. Census ACS 5-Year · Updated June 2026
Diversity
White
85.2%High confidence
U.S. Census ACS 5-Year · Updated June 2026
Black
1.1%High confidence
U.S. Census ACS 5-Year · Updated June 2026
Hispanic/Latino
6.3%High confidence
U.S. Census ACS 5-Year · Updated June 2026
Asian
6.4%High confidence
U.S. Census ACS 5-Year · Updated June 2026
10-Year Housing Stress Test (Estimate)
Estimate monthly homeowner carrying cost in Park Ridge using median home price and adjustable assumptions. Stress case applies +10% property tax, +20% insurance, +10% maintenance.
Estimated monthly carrying cost
$1,123
Stress-case monthly carrying cost
$1,262
Median home price used: $518,500
Median rent reference: $1,487 / month
Estimate includes property tax, insurance, maintenance reserve, and HOA. It excludes mortgage, utilities, and one-time transaction costs.
Local Professionals
Financial Advisors
TETLEY INVESTMENTS, LLC
ROPPEL CAPITAL MANAGEMENT LLC
THE INVICTUS COLLECTIVE, LLC
+54 more financial advisors available