Is Indianapolis, IN cheaper than Park Ridge, IL?

Based on cost of living data, Indianapolis, IN is 11.3% cheaper than Park Ridge, IL. This translates to saving $845 per month.

What salary do I need in Indianapolis, IN to live like I do in Park Ridge, IL?

If you earn $150,000 in Park Ridge, IL, you'd need approximately $139,860.595 in Indianapolis, IN to maintain the same standard of living.

How does housing cost compare between Park Ridge, IL and Indianapolis, IN?

Housing in Indianapolis, IN is 22.1% cheaper than in Park Ridge, IL. For a two-bedroom apartment, rent is $1,360/month in Indianapolis, IN compared to $1,496/month in Park Ridge, IL.

How much can I save per month by moving from Park Ridge, IL to Indianapolis, IN?

Moving from Park Ridge, IL to Indianapolis, IN could save you approximately $845 per month, or $10139 per year, based on a $150,000 salary.

Park Ridge, IL vs Indianapolis, IN: Cost of Living Comparison 2026

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Cost of Living Comparison 2026

📍 Park Ridge, IL — ZIP-level rent data · COL adjusted from Chicago, IL area

Current salary in Park Ridge, IL

Numbers update automatically as you type

You'd save $845/month moving to Indianapolis, IN

$150.0K in your current city equals $139.9K in Indianapolis, IN

Rent data from HUD ZIP-level estimates · COL index from Chicago-Naperville-Elgin, IL-IN-WI area

Overall Cost

↓ 11.3%

Less expensive

Monthly Impact

$845

Savings

Annual Impact

$10.1K

Per year

Based on monthly living costs (rent, groceries, utilities, transport, healthcare). Home purchase prices shown separately below.

Park Ridge, IL

Population:38K

Cost Index:100

Median Home:$540K

Indianapolis, IN

Population:888K

Cost Index:89

Median Home:$176K

Park Ridge, IL

The Prairie State

38K

Population

State Tax

Yes

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

Indianapolis, IN

The Hoosier State

888K

Population

State Tax

Yes

Located in Indiana, this city has a population of 888K residents.

Cost Breakdown by Category

Annual spending: Park Ridge, IL vs Indianapolis, IN

Category	Park Ridge, IL	Indianapolis, IN	Difference	Change
🏠Housing	$2,503/mo	$1,949/mo	↓ $554less	22.1%
🚗Transportation	$1,524/mo	$1,188/mo	↓ $335less	22.0%
🛒Groceries	$980/mo	$919/mo	↓ $60.89less	6.2%
🏥Healthcare	$566/mo	$582/mo	↑ $15.94more	2.8%
⚡All Utilities	$494/mo	$503/mo	↑ $8.34more	1.7%
📦Other	$1,594/mo	$1,590/mo	↓ $3.92less	0.2%

🏠Housing

↓ 22.1%

Park Ridge, IL

$2,503

Indianapolis, IN

$1,949

Difference

$554

less

🚗Transportation

↓ 22.0%

Park Ridge, IL

$1,524

Indianapolis, IN

$1,188

Difference

$335

less

🛒Groceries

↓ 6.2%

Park Ridge, IL

$980

Indianapolis, IN

$919

Difference

$60.89

less

🏥Healthcare

↑ 2.8%

Park Ridge, IL

$566

Indianapolis, IN

$582

Difference

$15.94

⚡All Utilities

↑ 1.7%

Park Ridge, IL

$494

Indianapolis, IN

$503

Difference

$8.34

📦Other

↓ 0.2%

Park Ridge, IL

$1,594

Indianapolis, IN

$1,590

Difference

$3.92

less

🏛️ Local Income Taxes

Indianapolis, IN: Marion County Income Tax$3,030/yr (2.0%)

Park Ridge, IL has no local income tax.

Local taxes are in addition to state income tax. Not all cities levy local income taxes.

🏠Rent Comparison

Studio

From$1,241

To$1,030

↓ $211

1 Bed

From$1,326

To$1,170

↓ $156

2 Bed

From$1,496

To$1,360

↓ $136

3 Bed

From$1,927

To$1,760

↓ $167

Park Ridge, ILZIP-level data

1BR range: $1,720–$1,720/mo

Indianapolis, INZIP-level data

1BR range: $1,080–$1,870/mo

💡 Note: Rent prices are based on HUD Fair Market Rent data and represent median costs. Actual prices vary by neighborhood, amenities, and condition. Source: HUD Small Area Fair Market Rents FY2026.

$7,662

Monthly in Park Ridge, IL

$6,732

Monthly in Indianapolis, IN

$930

Difference

Home Values

Park Ridge

Indianapolis

$540K

Median Value

$176K

↑ +6.7%

YoY Change

↓ -1.1%

↑ +32.6%

5-Year Change

↑ +26.9%

$540K

Price Range

$109K - $340K

Homes in Indianapolis are 67% less expensive than Park Ridge

Calculate payment - Park Ridge Calculate payment - Indianapolis

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

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings

↑ $2.6K

Per year

Monthly Difference

$215

More take-home

Effective Rate Diff

1.7%

Rate difference

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

Indianapolis, IN

Federal Income Tax

Effective: 18.9%

$25.5K

Indiana State Tax

Effective: 3.2%

$4.8K

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 27.9%

$41.9K

Take-Home Pay

$9,012/month

$108.1K

Additional Tax Information

Park Ridge, IL Tax Rates

Sales Tax:8.8%

Property Tax:2.2%

Indianapolis, IN Tax Rates

Sales Tax:7.0%

Property Tax:0.9%

💡 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.