Park Ridge, Illinois Income Statistics
Updated
Park Ridge Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
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A+
Park Ridge Top grade
Source: Map AI Methodology
Income Statistics Overview
| Metric | Park Ridge | Illinois Avg | US Average |
|---|---|---|---|
| Median Household Income | $145,996 | $84,042 | $80,455 |
| Median Personal Income | $104,669 | $64,565 | $60,758 |
| Average Yearly Income Growth | 5.8% | 4.5% | 4.8% |
| Six-Figure Earners | 32.2% | 15.0% | 13.9% |
| $200k+ Households | 38.2% | 13.8% | 13.2% |
The median household income in Park Ridge is about 74% higher than in Illinois. Income has been growing faster in Park Ridge (5.8%/yr) than in Illinois (4.5%/yr).
About 32% of adults in Park Ridge earn six figures ($100,000 or more) a year, higher than the Illinois average of 15%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Park Ridge, Illinois grew by 66.5% from 2009 to 2024, reaching $145,996 in 2024. That's an average of about 5.8% per year.
Park Ridge has been far above the U.S. median household income in every year from 2009 to 2024. Even at its closest, in 2012, its income was 60% higher. The gap has widened from 72% in 2009 to 81% in 2024.
Income Distribution in Park Ridge
How incomes are spread across brackets, compared with the U.S. Pick a range to count who falls in it.
Households by income, 2024
Income range calculator
About 9,130 households (64.0% of all households) have an income of $100,000 or more.
Across the U.S.: 40.2% of all households.
In 2024, 10.3% of households in Park Ridge had an income under $35,000 and 49.2% had $150,000 or more. Across the U.S., those shares were 21.6% and 22.8%.
Compared with the U.S., Park Ridge has a larger share of households earning $200,000 or more (38.2% vs 13.2%) and a smaller share earning $50,000 to $74,999 (10.1% vs 15.5%).
| Household income | Households | Share | U.S. share |
|---|---|---|---|
| Under $10,000 | 339 | 2.4% | 5.1% |
| $10,000 to $14,999 | 120 | 0.8% | 3.5% |
| $15,000 to $24,999 | 591 | 4.1% | 6.4% |
| $25,000 to $34,999 | 423 | 3.0% | 6.7% |
| $35,000 to $49,999 | 784 | 5.5% | 10.1% |
| $50,000 to $74,999 | 1,439 | 10.1% | 15.5% |
| $75,000 to $99,999 | 1,432 | 10.0% | 12.6% |
| $100,000 to $149,999 | 2,116 | 14.8% | 17.4% |
| $150,000 to $199,999 | 1,574 | 11.0% | 9.5% |
| $200,000 or more | 5,441 | 38.2% | 13.2% |
Shares are of all 14,258 households, one per occupied home whatever its size. Households with zero or negative income are counted in the lowest bracket. Source: ACS 5-year estimates ending 2024 (table B19001).
Residents 15+ by personal income, 2024
Income range calculator
About 9,611 residents (32.2% of residents aged 15 and over) have a personal income of $100,000 or more.
Across the U.S.: 13.9% of residents aged 15 and over.
That is 35.5% of residents who have any income.
In 2024, 9.2% of Park Ridge residents aged 15 and over reported no personal income, 20.1% had some income but less than $25,000, and 42.2% had $75,000 or more. Across the U.S., those shares were 12.8%, 28.7% and 22.0%.
Compared with the U.S., Park Ridge has a larger share of residents earning $100,000 or more (32.2% vs 13.9%) and a smaller share earning $10,000 to $14,999 (3.3% vs 7.0%).
| Personal income | Residents | Share | U.S. share |
|---|---|---|---|
| No income | 2,732 | 9.2% | 12.8% |
| $1 to $9,999 | 2,979 | 10.0% | 11.2% |
| $10,000 to $14,999 | 971 | 3.3% | 7.0% |
| $15,000 to $24,999 | 2,053 | 6.9% | 10.5% |
| $25,000 to $34,999 | 1,842 | 6.2% | 9.5% |
| $35,000 to $49,999 | 2,731 | 9.2% | 12.6% |
| $50,000 to $74,999 | 3,940 | 13.2% | 14.3% |
| $75,000 to $99,999 | 2,983 | 10.0% | 8.2% |
| $100,000 or more | 9,611 | 32.2% | 13.9% |
Shares are of the 29,842 residents aged 15 and over, the only people the Census Bureau asks about income, and include those who reported none. A share of the whole population would count children as people without income, while a share of earners alone would hide the 9.2% with no income; the calculator adds that second share whenever your range leaves out people with no income. Source: ACS 5-year estimates ending 2024 (table B19325).
Income Inequality and the Gender Pay Gap in Park Ridge
| Metric | Park Ridge | Illinois Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.495 | 0.547 | 0.552 |
| Male Median Income | $117,673 | $73,933 | $69,667 |
| Female Median Income | $96,497 | $60,067 | $56,850 |
| Gender Pay Gap | 18.0% | 18.8% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Park Ridge, it is 0.495, lower than Illinois's 0.547, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 22% more than women's income in Park Ridge, Illinois. Over a 35-year career, a 22% wage gap accumulates to roughly $741,160 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Park Ridge, Illinois has narrowed from about 26% to 18% in 2024. Over that period the gap was widest at 27% in 2017. In dollar terms, the gap has widened by $1,961 since 2009.
Employment
| Metric | Park Ridge | Illinois Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.9% | 5.8% | 5.2% |
| Working from Home | 23.1% | 15.9% | 15.0% |
| Commute time (minutes) | 26 | 23 | 22 |
Approximately 775 people are unemployed in Park Ridge, Illinois.
The average commute time in Park Ridge is 26 minutes, longer than the 23 minutes in Illinois.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Park Ridge, Illinois has fallen from 5.6% to 3.9% in 2024. Over that period the rate peaked at 5.9% in 2012 and fell as low as 3.0% in 2020.
Park Ridge has stayed well below the U.S. unemployment rate in every year from 2011 to 2024 and has never risen above it. The gap has narrowed from 3.1 points in 2011 to 1.3 points in 2024, the closest it has been.
Park Ridge, IL Wealth Compared With Nearby Cities
How Park Ridge, IL compares with the 1 cities closest to it.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Park Ridge, IL | 37,584 | $145,996 #1/2 | 5.8%/yr #1/2 | 3.9% #1/2 | 0.495 #1/2 |
| Niles, IL | 28,688 | $82,819 | 4.9%/yr | 7.1% | 0.563 |
Conclusion
Considering all these factors, Park Ridge, Illinois has an overall wealth index grade of A+, making it notably better than Illinois, and far better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Park Ridge, Illinois.
How Rich Is Park Ridge, Illinois?
Park Ridge has a wealth index grade of A+. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; an A+ grade means it is one of the most prosperous areas in the country. The median household income is $145,996, about 74% higher than the Illinois average of $84,042.
How has median household income changed in Park Ridge, Illinois?
Between 2009 and 2024, the median household income in Park Ridge, Illinois rose 66%, from $87,708 to $145,996. Over the same years, income here outpaced Illinois as a whole: +66% against +52%.
What was the median household income in Park Ridge in 2023?
In 2023, the median household income in Park Ridge, Illinois was $140,414, up 1% from $139,149 in 2022. The Illinois median that year was $82,182.
What was the median household income in Park Ridge in 2020?
In 2020, the median household income in Park Ridge, Illinois was $115,157. By 2024 it had risen 27% to $145,996.
Do many residents of Park Ridge, Illinois earn over $100,000?
Yes. 32% of adults in Park Ridge, Illinois earn $100,000 or more a year (about 1 in 3), against 15% (about 1 in 7) in Illinois. 38% of households have a combined income of $200,000 or more, compared with 14% in Illinois.
How strong is the job market in Park Ridge, Illinois?
Unemployment in Park Ridge, Illinois is only 3.9%, well below the Illinois rate of 5.8%, a sign of a tight labor market where employers compete for workers.
What is the Gini coefficient in Park Ridge, Illinois?
The Gini coefficient in Park Ridge is 0.495. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Park Ridge, Illinois?
Since 2009, the income gap between men and women in Park Ridge, Illinois has narrowed from about 26% to 18% in 2024. Over that period the gap was widest at 27% in 2017. In dollar terms, the gap has widened by $1,961 since 2009.
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