Cost of Living in Park Ridge, WI

With a cost of living index of 80, Park Ridge, WI is a very affordable place to live. Living here is 20% cheaper than the national average and in line with the Wisconsin state average. Park Ridge is a small community of 589 residents.

Housing costs are the biggest factor in Park Ridge's cost of living. The median monthly rent is $850 (36% below the US median of $1,319), and the median home value sits at $265,200 (13% below the national median of $304,900). At current prices, the median home costs roughly 3.2x the median household income — a moderately affordable ratio by today's standards.

The median household income in Park Ridge is $82,083, which is 9% higher than the national median of $75,149. Residents spend roughly 12% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.