Park Ridge is a small city in Illinois with slightly less than 38,000 residents. Retirees account for a greater percentage of the population (18%) here than nationally (14%), while young adults account for a smaller percentage of the city. Renters tend to be in the minority in Park Ridge, and 83% of residents own their homes. With an average rent of $1,435 per month, exceeding the state average by $383/month, relatively high rent costs could be a contributing factor in the higher levels of ownership.
With an average commute time of about 34 minutes, slower than most cities in the state, Park Ridge residents have found that traveling to work takes some patience. Many residents (37%) commute to work by car or truck, while public transportation is used by just 6% of the city. Few commuters walk to work.
There are three primary industries in Park Ridge: retail, scientific, and healthcare. Combined, these industries account for 19% of the city's labor force. Meanwhile, looking at job function, many of the city's workers are in management, as 11% of the city's population reports this as their field of work, the highest number of any profession. Park Ridge workers take home an average annual income of about $115K, around $38,000 more than the average Illinois resident. The city's average income also compares favorably to the national average of $73,345. Compared to the national average (7%), Park Ridge has a large number of residents over the age of 25 with advanced degrees, as 13% possess a Master's degree or a Doctorate. In addition, 23% possess a Bachelor's degree, which also outpaces the national average.
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