Park Ridge Hourly Wage & Salary 2026
Park Ridge, IL: $26.31/hr median hourly wage, $54,720 median annual salary, cost of living index 87.6, and $14.00/hr minimum wage. Calculate take-home pay with federal and Illinois taxes.
Park Ridge Hourly Wage Quick Answer
The median hourly wage in Park Ridge, IL is $26.31/hr,and the median annual wage is $54,720. Entry-level pay estimates around $16.31/hr, senior-level pay estimates around $37.36/hr, and the local minimum wage is $14.00/hr.
Median figures: BLS OEWS May 2025, all occupations, Chicago-Naperville-Elgin, IL-IN metropolitan statistical area (4,513,280 jobs). BLS publishes wages by metro area, not by city, so Park Ridge shares this figure with the rest of its metro. Entry and senior levels are Salario estimates.
Median Salary
$54,720
$26.31/hr
Cost of Living
87.6
US avg = 100
Minimum Wage
$14.00
per hour
Unemployment
4%
rate
Park Ridge, IL Overview
Population
37,480
Median Salary
$54,720
Average Salary
$73,380
Avg Commute
20 min
Median Home Price
$249,000
Median Rent
$1,015/mo
Job Growth
+2.2%
Sales Tax
6.25%
Park Ridge is located in Illinois with a population of 37,480. The median annual wage across all occupations is $54,720 ($26.31/hour, BLS OEWS May 2025, Chicago-Naperville-Elgin, IL-IN metro), which is $3,740 above the national median of $50,980. The national median is the BLS OEWS May 2025 all-occupations median annual wage. The average commute time is 20 minutes, and the city has a job growth rate of +2.2%.
Park Ridge Salary by Experience Level (2026)
Wage distribution in Park Ridge, IL built around the $54,720 median salary (BLS OEWS May 2025, all occupations, Chicago-Naperville-Elgin, IL-IN metro). Entry-level represents 10th–25th percentile; mid-level is the median; senior-level represents 75th–90th percentile. The non-median rows are Salario estimates.
| Experience Level | Annual Salary | Hourly Wage | Years Exp |
|---|---|---|---|
| Entry-Level | $33,926 | $16.31/hr | 0–2 years |
| Mid-Level (Median) | $54,720 | $26.31/hr | 3–7 years |
| Senior-Level | $77,702 | $37.36/hr | 8–15 years |
| Top 10% (90th Percentile) | $97,402 | $46.83/hr | 15+ years / leadership |
Percentile multipliers (62%, 100%, 142%, 178%) are Salario approximations of the typical all-occupations wage spread in BLS OEWS metro tables; only the median row is a published BLS value. Specific roles vary; see jobs by city for role-specific data.
Park Ridge Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Park Ridge, IL, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$43,439
$3,619.91/month · $1,670.73/biweekly · Effective Rate: 20.6%
Biweekly paycheck estimate: this salary equals about $1,670.73 take-home per paycheck after estimated Illinois and federal taxes. For the 26-paycheck formula, three-paycheck months, and withholding examples, see the Biweekly Paycheck Calculator.
Gross Pay
$54,720
Federal Tax
-$4,386
State Tax
-$2,709
Local Tax
$0
FICA
-$4,186
Net Pay
$43,439
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $4,560.00 | $54,720.00 |
| Federal Income Tax | -$365.53 | -$4,386.40 |
| Illinois State Tax (4.95% eff.) | -$225.72 | -$2,708.64 |
| Social Security (6.2%) | -$282.72 | -$3,392.64 |
| Medicare (1.45%) | -$66.12 | -$793.44 |
| Net Take-Home Pay | $3,619.91 | $43,438.88 |
Salary Comparison: Park Ridge vs Other Cities
See how Park Ridge's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Park Ridge, IL | $54,720 | 87.6 | $62,466 |
| National Average | $50,980 | 100 | $50,980 |
| Chicago, IL | $54,720 | 107 | $51,140 |
| Aurora, IL | $54,720 | 95 | $57,600 |
| Joliet, IL | $54,720 | 90 | $60,800 |
| Naperville, IL | $54,720 | 118 | $46,373 |
Adjusted salary reflects purchasing power when cost of living is factored in. A higher adjusted salary means your money goes further.
Cost of Living in Park Ridge
Park Ridge's cost of living index is 87.6 (national average = 100). Living in Park Ridge is 12.400000000000006% less expensive than the national average.
Median Home Price
$249,000
Median Monthly Rent
$1,015
Annual Rent Cost
$12,180
Your Salary's Purchasing Power
Your $43,439 annual take-home pay in Park Ridge has the purchasing power of approximately $49,588 in an average-cost US area. Your $54,720 salary stretches further here than in most US cities.
Top Industries in Park Ridge
Park Ridge's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $54,720.
Salary Tips for Park Ridge Workers
- Your salary goes further here. Park Ridge has a cost of living 12.400000000000006% below the national average. A salary of $54,720 here has the purchasing power of about $62,466 in an average-cost area.
- Research top industries. Park Ridge's top industries include Finance, Manufacturing, Technology. Targeting roles in these sectors can help you earn above the $54,720 median salary.
- Review your W-4 withholding. If you regularly receive large tax refunds, adjust your W-4 to increase your per-paycheck take-home pay instead of giving the government an interest-free loan.
Methodology & Local Economy Data Sources
How we calculate Park Ridge salary data: The median annual wage, median hourly wage and mean wage are the official BLS OEWS May 2025 all-occupations values for the Chicago-Naperville-Elgin, IL-IN metropolitan statistical area, retrieved from the BLS Public Data API on September 17, 2026. BLS does not publish city-level wages, so every city inside that metro shows the same figure. The entry/senior/top-10% rows, the paycheck estimate and the purchasing-power conversion are Salario calculations built on that median. Cost-of-living adjustments use the C2ER Cost of Living Index baseline of 100 (national average), with Park Ridge indexed at 87.6.
- Median salary: $54,720 annual, $26.31 hourly, BLS OEWS May 2025, all occupations, Chicago-Naperville-Elgin, IL-IN MSA (4,513,280 jobs surveyed). Mean wage $73,380 (BLS). Salario's previous modeled median for Park Ridge was $51,323.
- Tax burden reflects Illinois 2026 state income tax brackets and standard deduction (top rate 4.95%) (no local income tax), sales tax (6.25%), and federal taxes per IRS 2026 brackets.
- Unemployment rate for Park Ridge: 4%, sourced from BLS Local Area Unemployment Statistics (LAUS).
- Top industries: Finance, Manufacturing, Technology, based on QCEW employment concentration data.
- Job growth: 2.2% projected through 2034, derived from BLS Employment Projections program for Illinois.
- Housing context: median home price $249,000, median rent $1,015/mo, sourced from Census American Community Survey 5-year estimates.
Authoritative US data sources for Park Ridge, IL:
- BLS Occupational Employment and Wage Statistics (OEWS), metropolitan area salary data
- BLS Local Area Unemployment Statistics, Park Ridge unemployment rate
- U.S. Census Bureau, Park Ridge QuickFacts, population, housing, demographics
- BLS Quarterly Census of Employment and Wages (QCEW), county-level industry employment
- BLS Economy at a Glance, Illinois, state economic indicators
- U.S. Bureau of Economic Analysis (BEA), local GDP and personal income data
- BLS Consumer Price Index (CPI-U), regional inflation tracking
Disclaimer: Salary and cost data are estimates for general guidance. Individual compensation varies by employer, experience, education, negotiation, and skills. Park Ridge's rapidly changing economy can shift these baselines, always verify with current job listings, employer offers, and recent Illinois labor market reports for the most current figures.
Reviewed by Harlan Voss · Last updated September 17, 2026 · Wage figures: BLS OEWS May 2025 release (published May 2026) · Census data current as of latest releases
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Frequently Asked Questions
What is the hourly wage in Park Ridge, IL?
The median hourly wage in Park Ridge, IL is $26.31 per hour, the BLS OEWS May 2025 median for all occupations in the Chicago-Naperville-Elgin, IL-IN metropolitan area, and the BLS median annual wage is $54,720. Entry-level workers are estimated around $16.31/hr, while senior-level workers are estimated around $37.36/hr before overtime, bonuses, or benefits (Salario estimates, not BLS percentiles).
What is the median salary in Park Ridge, IL?
The median salary in Park Ridge, IL is $54,720 per year, or $26.31 per hour (BLS OEWS May 2025, all occupations, Chicago-Naperville-Elgin, IL-IN metro area). The BLS mean salary is $73,380. This is $3,740 above the BLS national median of $50,980.
What is the cost of living in Park Ridge, IL?
Park Ridge's cost of living index is 87.6 (national average = 100), meaning it is 12.400000000000006% less expensive compared to the national average. The median home price is $249,000 and the median monthly rent is $1,015.
What are the best industries in Park Ridge?
The top industries in Park Ridge, IL include Finance, Manufacturing, Technology. The city has a job growth rate of 2.2% and an unemployment rate of 4%. Workers in these industries often earn above the city's median salary of $54,720.
How does Park Ridge's salary compare to other cities?
Park Ridge's median salary of $54,720 is 7.3% above the national median of $50,980. However, when adjusted for cost of living (index: 87.6), the real purchasing power is approximately $62,466.
What is the minimum wage in Park Ridge, IL?
The minimum wage in Park Ridge, IL is $14.00 per hour. This equals approximately $29,120 per year for a full-time worker (40 hours/week). This is $6.75 above the federal minimum wage of $7.25/hour.