Chicago Ridge, IL Cost Of Living
Cost Of Living In Chicago Ridge, IL Summary
Cost of living in Chicago Ridge research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Chicago Ridge is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in Illinois, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Chicago Ridge is 101, with 100 being the average.
The cost of living index in Chicago Ridge is 1.0x higher than the national average.
Chicago Ridge ranks as the #174 cheapest in Illinois out of 338.
Chicago Ridge ranks as the #3,263 cheapest out of 6,412 in the US.
The median home value in Chicago Ridge is $171,000.
The median income in Chicago Ridge is $56,494.
Table Of Contents
Chicago Ridge's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Chicago Ridge, IL?
According to the most recent data on the cost of living, Chicago Ridge has an overall cost of living index of 101, which is 1.0x higher than the national index of 100.
Compared to Illinois, Chicago Ridge has a cost of living index that's 1.1x higher than Illinois's index of 92.
The standard of living in Chicago Ridge ranks as #174 most affordable out of the 338 places we measured in Illinois. By definition, that implies Chicago Ridge ranks as the #164 most expensive place in the Prairie State.
For more reading on life in Chicago Ridge, check out:
- Living In Chicago Ridge
- Chicago Ridge Crime Report
- Search Homes For Sale In Chicago Ridge, IL
In Illinois
In America
Chicago Ridge Cost Of Living Vs. Illinois
Six factors go into calculating the cost of living index in Chicago Ridge. Here is how it fairs on each of the criteria:
The Services index in Chicago Ridge is 115.
The Groceries index in Chicago Ridge is 105.
The Health index in Chicago Ridge is 97.
The Housing index in Chicago Ridge is 87.
The Transportation index in Chicago Ridge is 113.
The Utilities index in Chicago Ridge is 92.
| Living Expense | Chicago Ridge | Illinois | National Average | |
|---|---|---|---|---|
| Overall | 101 | 92 | 100 | |
| Services | 115 | 95 | 100 | |
| Groceries | 105 | 98 | 100 | |
| Health | 97 | 96 | 100 | |
| Housing | 87 | 81 | 100 | |
| Transportation | 113 | 105 | 100 | |
| Utilities | 92 | 90 | 100 | |
Chicago Ridge, IL Housing Cost Breakdown
Housing swings affordability the most between places in Illinois, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Chicago Ridge is $171,000.
The Median Rent in Chicago Ridge is $1,025.
The Median Income in Chicago Ridge is $56,494.
The Home Value To Income in Chicago Ridge is 3.0x.
The Rent To Monthly Income in Chicago Ridge is 0.22x.
| Statistic | Chicago Ridge | Illinois | United States |
|---|---|---|---|
| Median Home Value | $171,000 | $212,600 | $244,900 |
| Median Rent | $1,025 | $1,097 | $1,163 |
| Median Income | $56,494 | $72,563 | $69,021 |
| Home Value To Income | 3.0x | 2.9x | 3.5x |
| Rent To Monthly Income | 0.22x | 0.18x | 0.2x |
Median Home Value
Median Rent
Median Income
Chicago Ridge, IL Costs By Category
Detailed Chicago Ridge Services Costs Vs. Illinois
| Item | Chicago Ridge | Illinois |
|---|---|---|
| Shampoo | $1.06 | $1.06 |
| Movie | $14.85 | $10.68 |
| Bowling | $15.76 | $14.67 |
| Haircut | $27.76 | $18.62 |
| Beauty Salon | $65.57 | $39.05 |
Detailed Chicago Ridge Groceries Costs Vs. Illinois
| Item | Chicago Ridge | Illinois |
|---|---|---|
| Ground Beef | $4.87 | $4.22 |
| Fried Chicken | $1.99 | $1.39 |
| Milk | $2.42 | $2.05 |
| Potatoes | $3.23 | $3.29 |
| Pizza | $12.0 | $10.62 |
| Beer | $8.61 | $9.38 |
| Toothpaste | $2.46 | $2.34 |
Detailed Chicago Ridge Health Costs Vs. Illinois
| Item | Chicago Ridge | Illinois |
|---|---|---|
| Optometrist | $96.76 | $108.57 |
| Doctor | $104.96 | $116.17 |
| Dentist | $101.82 | $99.13 |
Detailed Chicago Ridge Transportation Costs Vs. Illinois
| Item | Chicago Ridge | Illinois |
|---|---|---|
| Gasoline | $2.51 | $2.22 |
| Tire Balancing | $56.85 | $50.07 |
Detailed Chicago Ridge Utilities Costs Vs. Illinois
| Item | Chicago Ridge | Illinois |
|---|---|---|
| All Electricity | $131.89 | $167.67 |
| Phone | $203.16 | $175.64 |
Chicago Ridge SnackAbility
/10
Cost Of Living In Cities Around Chicago Ridge
The cost of living varies in the cities and towns around Chicago Ridge. Here's a quick look at the cost of living in the most populous nearby places:
Naperville, IL has a cost of living index of 125, 1.2x Chicago Ridge.
Oak Lawn, IL has a cost of living index of 106, 1.0x Chicago Ridge.
Wheaton, IL has a cost of living index of 118, 1.2x Chicago Ridge.
| City | Population | Cost Of Living | Vs. Chicago Ridge |
|---|---|---|---|
| Naperville, IL | 149,013 | 125 | 1.2x |
| Oak Lawn, IL | 58,032 | 106 | 1.0x |
| Wheaton, IL | 53,762 | 118 | 1.2x |
| Elmhurst, IL | 45,661 | 131 | 1.3x |
| Burbank, IL | 29,312 | 106 | 1.0x |
| Glen Ellyn, IL | 28,506 | 132 | 1.3x |
| Lisle, IL | 23,982 | 117 | 1.2x |
| Darien, IL | 22,087 | 111 | 1.1x |
| Alsip, IL | 19,036 | 104 | 1.0x |
| Palos Hills, IL | 18,379 | 105 | 1.0x |
