Median rent is 15% lower in Park Ridge ($1,511/mo vs $1,779/mo). Buying is cheaper in Park Ridge, where the median home runs $539,300 versus $751,700. Households earn more in Park Ridge ($138,059 vs $79,713 a year).
City A
New York, NY
City B
Park Ridge, IL
How much would you need to earn in Park Ridge, IL to maintain your standard of living from New York, NY?
A cost-of-living index isn't available for one of these cities yet, so we can't compute an equivalent salary.
Based on BEA Regional Price Parity (cost index) for each city's metro area. A rough estimate of overall purchasing power, not tax or take-home pay.
Metric
New York
New York
Park Ridge
Illinois
👥Population
💰Median Household Income
Annual
🏠Median Gross Rent
Per month
🏡Median Home Value
📊Cost of Living Index
US avg = 100
🔑1BR Fair Market Rent
HUD FMR
🔑2BR Fair Market Rent
HUD FMR
🔑3BR Fair Market Rent
HUD FMR
🌬️Air Quality Index
Lower = cleaner
🏛️Top State Income Tax
Top marginal rate
🧾State Sales Tax
Statewide base rate
🎂Median Age
Years
✓ = better value · Sources: US Census ACS, BEA RPP, HUD FMR, EPA AirNow, Tax Foundation
Median rent is modestly lower in Park Ridge at $1,511/mo compared to $1,779/mo in New York (15% gap). Home buyers face a steeper market in New York: the median home is $751,700 versus $539,300 in Park Ridge — 28% more expensive.
1BR Fair Market Rent
2BR Fair Market Rent
BLS OEWS 2023 — metro-level data
New York's top income tax rate is 10.90% versus 4.95% in Illinois, so Park Ridge is more tax-friendly for high earners. Sales tax is 4.00% in New York and 6.25% in Illinois; New York has the lower rate (local add-ons may apply in both).
New York
Income tax: 10.90%
Sales tax: 4.00%
Park Ridge
Income tax: 4.95%
Sales tax: 6.25%
Air quality data is available for New York (avg AQI 61.0) but not yet for Park Ridge.
Pick Park Ridge if you prioritize higher median household income ($138,059/yr).
Pick Park Ridge if you prioritize cheaper rent ($1,511/mo median).
Pick Park Ridge if you prioritize lower state income tax (4.95%).
Is New York cheaper than Park Ridge?
Cost of living index data is not yet available for one or both cities.
How much is rent in New York vs Park Ridge?
Median rent is $1,779/mo in New York, NY and $1,511/mo in Park Ridge, IL. Park Ridge, IL has the lower rent by about 15%.
Which has higher salaries — New York or Park Ridge?
Median household income is $79,713 in New York, NY and $138,059 in Park Ridge, IL. Park Ridge, IL has the higher median income. Note that BLS occupational wages in the table above show wages for specific jobs.
Which city has better air quality?
Air quality data is not yet available for one or both cities.
Which has lower taxes — New York or Park Ridge?
New York's top income tax rate is 10.90% and Illinois's is 4.95%. Park Ridge, IL has the lower rate.
What salary do I need in Park Ridge to match my New York income?
RPP data needed for salary equivalence calculation is not yet available.
Data last updated: December 1, 2024 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology