Edina, MN vs Park Ridge, IL: Cost of Living

Which city costs less?

Park Ridge, IL has a modeled overall cost index 4.9% lower than Edina, MN.

Edina, MN · modeled 2BR rent: $2,100 / month
Park Ridge, IL · modeled 2BR rent: $1,940 / month

These are saved estimates, not current rental listings. Some cities use adjusted regional data. Your household budget can differ from the overall index. Sources and assumptions

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Cost of Living Comparison 2026

Compare Edina, MN and Park Ridge, IL using saved regional data and explicit budgeting assumptions. Rent estimates are not live listings. Change the salary below, then check the source notes before applying a result to your household.

Saved regional estimates · Sources and assumptions

Current salary in Edina, MN

Numbers update automatically as you type

Estimated savings: $1.05/month in Park Ridge, IL

$150,000 in your current city has a modeled equivalent of $149,987 in Park Ridge, IL

Regional cost estimates: Edina, MN uses Minneapolis, MN. Park Ridge, IL uses Chicago, IL. Available city ZIP rent estimates are shown separately.

Overall Cost

↓ 4.9%

Less expensive

Monthly Impact

$1.05

Savings

Annual Impact

$12.62

Per year

Assumes 60% of current gross income goes to living costs. The headline uses the category budget below; taxes, moving costs and savings goals are excluded.

Edina, MN

Population:53K

Cost Index:

103.1

100 = national average

Typical Home:$606K

Park Ridge, IL

Population:38K

Cost Index:

98.0

100 = national average

Typical Home:$540K

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Edina, MN

The North Star State

53K

Population

State Tax

Yes

Located in Minnesota, this city has a population of 53K residents.

Park Ridge, IL

The Prairie State

38K

Population

State Tax

Yes

Located in Illinois, this city has a population of 38K residents.

Cost Breakdown by Category

Estimated monthly spending: Edina, MN vs Park Ridge, IL

Assumes 60% of your current gross income is spent on these categories. The headline and totals use this same budget. Rent estimates below are separate reference data. Rounded amounts may differ by $1.

Category	Edina, MN	Park Ridge, IL	Difference	Change
Transportation	$1,289/mo	$1,491/mo	↑ $202more	15.7%
Healthcare	$723/mo	$554/mo	↓ $168less	23.3%
Other	$1,658/mo	$1,560/mo	↓ $97.68less	5.9%
Housing	$2,360/mo	$2,450/mo	↑ $89.71more	3.8%
Groceries	$984/mo	$959/mo	↓ $24.90less	2.5%
All Utilities	$486/mo	$484/mo	↓ $2.11less	0.4%

Transportation

↑ 15.7%

Edina, MN

$1,289

Park Ridge, IL

$1,491

Difference

$202

Healthcare

↓ 23.3%

Edina, MN

$723

Park Ridge, IL

$554

Difference

$168

less

Other

↓ 5.9%

Edina, MN

$1,658

Park Ridge, IL

$1,560

Difference

$97.68

less

Housing

↑ 3.8%

Edina, MN

$2,360

Park Ridge, IL

$2,450

Difference

$89.71

Groceries

↓ 2.5%

Edina, MN

$984

Park Ridge, IL

$959

Difference

$24.90

less

All Utilities

↓ 0.4%

Edina, MN

$486

Park Ridge, IL

$484

Difference

$2.11

less

🏠Rent Comparison

Studio

From$1,530

To$1,610

↑ $80.00

1 Bed

From$1,730

To$1,720

↓ $10.00

2 Bed

From$2,100

To$1,940

↓ $160

3 Bed

From$2,780

To$2,500

↓ $280

Edina, MNZIP-level data

1BR range: $1,620–$1,850/mo

Park Ridge, ILZIP-level data

1BR range: $1,720–$1,720/mo

💡 Note: HUD Fair Market Rents estimate 40th-percentile gross rents, including most tenant-paid utilities. City ZIP summaries are medians of those estimates, not market median rents. Actual prices vary by neighborhood, amenities, and condition. Source: HUD Small Area Fair Market Rents FY2026.

$7,500

Monthly in Edina, MN

$7,499

Monthly in Park Ridge, IL

$1.05

Difference

Home Values

Edina

Park Ridge

$606K

Median Value

$540K

↑ +2.2%

YoY Change

↑ +6.7%

↑ +25.6%

5-Year Change

↑ +32.6%

$210K - $977K

Price Range

$540K

Homes in Park Ridge are 11% less expensive than Edina

Calculate payment - Edina Calculate payment - Park Ridge

Source: Zillow Home Value Index (ZHVI), January 2026

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings

↑ $3.0K

Per year

Monthly Difference

$251

More take-home

Effective Rate Diff

2.0%

Rate difference

Edina, MN

Federal Income Tax

Effective: 18.9%

$25.5K

Minnesota State Tax

Effective: 7.0%

$10.4K

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 31.6%

$47.4K

Take-Home Pay

$8,546/month

$102.6K

Park Ridge, IL

Federal Income Tax

Effective: 18.9%

$25.5K

Illinois State Tax

Effective: 5.0%

$7.4K

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 29.6%

$44.4K

Take-Home Pay

$8,797/month

$105.6K

Additional Tax Information

Edina, MN Tax Rates

Sales Tax:8.0%

Property Tax:1.1%

Park Ridge, IL Tax Rates

Sales Tax:8.8%

Property Tax:2.2%

💡 Note: Tax calculations are estimates based on 2024/2025 tax brackets for single filers with standard deduction. Actual taxes may vary based on filing status, deductions, credits, and local variations.

Environment

Edina

Park Ridge

42 Good

Air Quality

54 Moderate

66.4%

Good Air Days

35.8%

98 High

Climate Risk

100 Very High

🌊🌡🌪

Top Hazards

🌊🌡🫨

▲+3.6°F

2050 Outlook

▲+3.2°F

14 days

Heat Days >95°F

18 days

▲+3.6°F

2050 Outlook

▲+3.2°F

14 days

Heat Days >95°F

18 days

Before moving from Edina, MN to Park Ridge, IL

Use this comparison to shortlist a move, then check the costs that depend on your household.

Compare actual homes. Get current quotes in Park Ridge, IL for the same bedroom count and included utilities as your home in Edina, MN. Add parking, deposits, insurance and any overlapping leases. The rent estimates above are a starting point, not available listings.
Confirm your income. Check your expected pay with your employer, including any location adjustment. Use “Different salary at destination?” above to compare two incomes. The budget model excludes taxes and one-time moving costs; it is not a take-home-pay calculation.
Price your daily routine. Check the commute from a specific address to work, school or childcare. Add household expenses missing from this model, such as childcare, debt payments and medical needs. Verify local services before signing a lease.
Plan the transition. Get moving quotes and budget for travel, setup costs and time off. Open your Edina to Park Ridge moving checklist to organize the tasks and timing.

Still choosing a destination? Explore cities similar to Park Ridge, IL by cost, housing, population and region.

Frequently Asked Questions: Edina, MN vs Park Ridge, IL

How do the cost estimates for Edina, MN and Park Ridge, IL compare?

Park Ridge, IL has a modeled overall cost index 4.9% lower than Edina, MN. This is a broad model comparison, not a survey of today's prices or a forecast of your household spending. Some cities use adjusted regional fallback data.

What does the equivalent salary mean?

At a $150,000 salary in Edina, MN, the model estimates $149,987 in Park Ridge, IL. It allocates 60% of gross income to the origin city’s category budget and applies each destination category’s relative cost. The equivalent salary adds the total category difference to your income. The monthly difference is the same category difference divided by 12; it is not take-home pay or guaranteed savings. Household size, childcare and your actual lease are not inputs to this calculation.

What rent estimates are available for Edina, MN and Park Ridge, IL?

The modeled two-bedroom rents are $2,100/month in Edina, MN and $1,940/month in Park Ridge, IL. Where available, the source is a city median of HUD FY2026 ZIP-level estimates; otherwise a saved metro table is used. City adjustments may also apply. These are not asking rents or available listings. Compare actual properties with the same bedroom count and included utilities.

How should I use this comparison before moving?

Use it to shortlist locations, then replace modeled costs with a current housing quote, employer-confirmed income, commute costs, insurance and your household's other expenses. Add one-time moving costs separately. Source years differ and the saved datasets are not a live price feed. Read the methodology for the formulas and fallback rules.

💰 See how taxes change too — compare take-home pay between Minnesota and Illinois on TaxTakeHome.com