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Demographics
Population
Median Income
Racial Distributions
Park Ridge, Illinois, is classified as a Low Diversity community with a White Majority. As of 2022, the white population constitutes 79% of the total, exceeding the 75% threshold for Low Diversity classification. The city's median income of $116,144 in 2022 indicates an affluent community, surpassing the national median income.
Over the past decade, Park Ridge has maintained its status as a Low Diversity, White Majority community. The white population has decreased from 83% in 2013 to 79% in 2022. The Asian population has remained at approximately 8-9%. The Hispanic population has increased from 6% to 8%. The percentage of residents identifying as two or more races has grown from 0% to 3%. These changes indicate a gradual trend towards increased racial diversity, although not sufficient to alter the city's Low Diversity categorization.
The median income in Park Ridge has increased from $97,521 in 2013 to $116,144 in 2022, representing a growth of approximately 19%. This economic growth has occurred concurrently with the subtle demographic shifts. The population has grown from 42,059 in 2013 to 43,580 in 2022, an increase of about 3.6%.
Park Ridge's demographic composition and high median income suggest it may differ from the broader Chicago metropolitan area in terms of diversity. The city's gradual diversification may reflect national trends of increasing diversity in suburban areas, albeit at a slower pace.
Based on observed trends, Park Ridge is likely to continue its gradual diversification. However, the city will probably remain in the Low Diversity, White Majority category for the foreseeable future. If current trends persist, the white population may continue to decrease but likely remain above 75%. Growth in the Hispanic and multiracial populations may continue. The Asian population may remain stable or experience slight growth. Median income is expected to continue increasing, maintaining the city's affluent status.
Park Ridge could eventually transition to a Moderate Diversity category if the white population falls below 75% and other racial groups continue to grow. However, this transition would likely occur over many years at the current rate of change.
In conclusion, Park Ridge exhibits characteristics of a stable, affluent community experiencing slow but steady diversification. While significant shifts are not anticipated in the near future, the gradual changes observed suggest a community that is slowly evolving while maintaining its economic prosperity.