Park Ridge is a medium-sized city located in the state of Illinois. The city has a population of 37,567 inhabitants. In Park Ridge, there are 5,301 people per square mile, which is well above the national population density average. The majority of Park Ridge residents report their race to be White; this is followed by Asian and Black. Park Ridge is known to be family friendly as more than 83% of the population has already tied the knot. It might also be worth noting that 55% of residents also have children under the age of 18.
Whether you’re relocating to a new town to be closer to family, friends or for a new job, living in Park Ridge could be a positive experience compared to other cities in Illinois if you know where to look. Using the livability score which includes data from categories like crime, weather, employment, you can easily compare the best places to live in Park Ridge and also determine if there are any nearby cities that might be a better match for your lifestyle. You can also compare Park Ridge to Illinois and the national average.
With a livability score of 71 out of 100, Park Ridge is ranked #8,908 in the United States and #207 in Illinois. If we check out each of the categories individually, we see that Park Ridge ranks well for amenities (A+), crime (A+) and employment (A-). There are some categories that Park Ridge does not rank well for, including: cost of living (F), weather (D) and housing (F). It might be worth taking a closer look to find out why.
Conveniently located amenities and interesting attractions are a great way to continuously enjoy Park Ridge on a regular basis. Knowing that there are an abundance of amenities and things to do can ensure that you always have access to nearby grocery stores, restaurants and coffee shops.
Crime rates can be the deciding factor for anyone looking to relocate to a new area. Park Ridge gets top scores for their low violent crime rates of 40 crimes per 100,000 residents, which are significantly lower than the national average.
Park Ridge real estate prices and overall affordability will play a huge role in determining if the area is the right fit for you. Of course there are probably some other items on your “wish list”, but even before they are considered, let’s take a look at the home prices and affordability in Park Ridge. The median home price for Park Ridge homes is $397,400, which is 127.3% higher than the Illinois average. If we take a closer look at the affordability of homes in Park Ridge, we’ll see that the home price to income ratio is 4.3, which is 43.3% higher than the Illinois average. Knowing if your home will appreciate on a long term or even a short term basis should be factored into your decision making. An increase in your home’s value can be a good way to generate tax-free equity that can create long term financial security. In the past year, appreciation rates for homes in the Park Ridge area were 6% and 5 year appreciation rates were 4.5%.