Top 10 Wealthiest Suburbs of Chicago

Chicago is one of the most unique and iconic cities in the USA, the Windy City is home to 2.7 million people and is a city like no other. Chicago is a city that never sleeps. It is filled with great opportunities and endless activities to keep you busy.

It is an ideal place to live with plenty of events, festivals, concerts, and other entertaining activities. Chicago offers great dining with food from all over the world as well as elegant hotels, first-rate museums, and many other entertainment options.

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Chicago is home to some of the best museums in America. There are also many art galleries and art centers that attract people from around the world to enjoy their exhibits and workshops.

Chicago also has several beautiful botanical gardens that offer relaxing walks amidst colorful flowers and plants. The Lincoln Park Zoo has animals from around the world on exhibit while Lake Michigan can be used for surfing, kite surfing, and water skiing activities.

Chicago offers numerous music venues where you can enjoy live music any day of the week. There are also many dance clubs where you can have fun dancing the night away or enjoy a relaxing drink at one of their bars or restaurants.

That being said, if you live in Chicago, here are some of the rich neighborhoods you should consider moving to based on your household income.

Related: The 10 Wealthiest Cities In Illinois

1. Winnetka Per Capita Income – $98,139

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Winnetka is a village in Cook County, Illinois, and one of the North Shore communities that forms the affluent ”North Shore” suburbs of Chicago. The population was 12,428 in 2019. It is one of the wealthiest communities in America.

The median household income in Winnetka is $207,955 and the median. That’s a larger disparity than we see in the New York-Newark area, where the median household income is $62,963 compared with the national median of $51,939.

The most common occupations are business and financial operations; management; professional, scientific, and technical services; sales jobs; and health care. The cost of living index in Winnetka is 172.2 versus the national average of 100 (lower is better).

The typical home value in this Chicago suburb is $1.4 million, which is about seven times the national average of $173,600 for all homes.

Winnetka has a high school graduation rate of 98%, higher than the 84% of American public schools. Just 7% of students don’t graduate from high school on time.

The percentage of adult residents with a college degree or higher is 99%, significantly above the national average of 27%.

Related: The 10 Wealthiest Neighborhoods In San Francisco

2. Kenilworth Per Capita Income – $97,381

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Kenilworth, Illinois is a village in Cook County, Illinois, a suburb of Chicago. Kenilworth has become one of the wealthiest suburbs in the United States and is best known for its notorious “Wall Street of Chicago” and its gated community, The Kenilworth.

Kenilworth is an upscale neighborhood in the north-central part of the City of Chicago, Illinois (North Kenwood / Oakland). While most of this neighborhood is located within the city limits, a portion lies within the neighboring village of River Forest.

With a median household income of $209,000 and 78 percent of residents have earned at least a bachelor’s degree, Kenilworth is far more affluent than the Chicago region overall. The village’s median home value is $1,188,900 and its median rent price is $3,600.

3. Glencoe Per Capita Income – $96,649

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Glencoe is a suburb of Chicago, in the U.S. state of Illinois, and is located 31 miles (50 km) northwest of downtown Chicago. As of the 2010 census, the village had a total population of 8,723. The Village of Glencoe is located within the boundaries of New Trier Township in Cook County.

Located in Chicago Suburbs, Glencoe is one of the richest suburbs with a median income of almost $971,100. The cost of living there is estimated to be 16% lower than the country average and the housing value is estimated at almost $390,000.

Glencoe has a homeownership rate of over 80% according to Census data. The unemployment rate in Glencoe is very low and the town’s population has been growing steadily for decades.

Related: The 10 Richest Neighborhoods In Atlanta

4. Inverness Per Capita Income – $91,623

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Inverness is an affluent neighborhood in the northwest area of Chicago, Illinois, United States. It is located on the west side of the city and is one of 77 officially designated Chicago community areas.

The neighborhood’s boundaries are roughly Devon Avenue to the northeast, River Grove Avenue to the west, Central Avenue to the south, and Harlem Avenue to the north. The Branch Area of the Chicago Public Library serves this community.

Inverness has one of the highest median household incomes in Chicago at $89,710. Its southern neighbor North Riverside has a similar median household income of $93,547. In terms of household size, Inverness has 2.83 people per household while North Riverside has 2.70 people per household.

5. Barrington Hills Per Capita Income – $91,555

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Barrington is a charming suburb located about 25 miles northwest of Chicago along the Des Plaines River. The village’s population of 10,327 residents makes it the second-largest community in Cook County after neighboring Rolling Meadows.

One reason for the rapid growth of Barrington is the relative proximity to Chicago, which makes it easy to commute to and from the city. It is also located near one of the most beautiful natural preserves in Illinois, Lake Cook Road.

Barrington is one of the largest suburbs in the Chicago area with over 23 square miles and nearly 10,327 residents. Overall, Barrington is a very affluent community with a median household income of $120K and a median home value of $660K (according to Census data).

The suburb also boasts one of the lowest poverty rates of any major suburb in the Chicago area at just 2.5%. This means that only 2.5% of people living in Barrington live below the poverty level compared to 14% for Illinois overall.

Related: The 10 Wealthiest Cities In California

6. Lake Forest Per Capita Income – $86,004

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Lake Forest, an affluent suburb that boasts one of the highest median incomes in the nation, is home to some of the nation’s wealthiest families. The median family income in this Chicago-area city tops $142,000 per year.

In addition to being home to many of the wealthiest people in America, Lake Forest also ranks as one of the best places to live in America. Lake Forest has a total population of just over 20,000 residents and it has an average household size of approximately 2.5 people.

The city is split into several different neighborhoods and communities, which include North Shore Beach Club, Old North Shore, and Central Park. The main commercial area of Lake Forest is at South Middleboro Road and Route 41.

Lake Forest has a bike path system that connects with other nearby towns. The downtown area features many popular shops like Pick Me Up Cafe as well as several art galleries.

In addition to providing a beautiful place for tourists to visit, Lake Forest is also a great place for year-round living due to its mild weather and proximity to major cities such as Chicago and Milwaukee.

7. Oak Brook Per Capita Income – $81,213

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Oak Brook, Illinois is the wealthiest suburb of Chicago in the United States by average household income as of 2020. Approximately 7,883 people are living in Oak Brook and the median age of residents is 42.2 years old.

The average household income is $77,387 and the median gross rent is $1,846. 62% of Oak Brook residents are married, have a high school diploma or higher, and 34% hold a bachelor’s degree or higher.

The community has no diversity issues as it has a low percentage of minority residents compared to the national average.

There are many types of restaurants that you can choose from in Oak Brook such as American food, Italian food, and Chinese food. There are also various shopping facilities such as malls and shopping centers in the area.

The community is close to places such as Chicago Downtown Loop which is only 8 miles away and O’Hare International Airport which is 14 miles away making it very convenient for residents to travel around using public transit or by car.

Related: The 10 Wealthiest Cities In Alabama

8. North Barrington Per Capita Income – $78,326

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North Barrington is a suburb of Chicago located in Cook County, Illinois. According to the 2010 census, the population of North Barrington is 3,047.

his town has a lot of high-end single-family homes and condos with average home values exceeding $1 million. The average income per household is $71,000+ which is more than double the Cook County average income per household, which is $65,000+.

North Barrington also has several attractions like Buffalo Creek Golf Club and Pines Theater. Residents enjoy shopping at Glencoe Mills and Harps Food Stores as well as fine restaurants such as The Parthenon, Taverna of Glencoe, and Bistro Coda.

There are several excellent public and private schools to choose from including St. Andrew School, St. Louise de Marillac School, and North Barrington Elementary School.

9. South Barrington Per Capita Income – $70,004

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South Barrington ranks as the 9th wealthiest. The median income in South Barrington is $69,004. The median home cost is $841,900 and the median household income is $72,919.

It has a very low poverty rate of only 1.8%. South Barrington has one of the highest median incomes in the country. But it’s not just about money for this town: It’s also about security. The police department here is known as one of the best in the state, and most of the neighborhoods are gated.

Tucked away in a corner of the north shore, South Barrington is designed around Lake Barrington, an artificial lake created by a dam on the Fox River. Surrounding it are many of the area’s top attractions, such as the Ravinia Festival and nearby golf courses.

The abundant green space and excellent school system make it a great place to raise a family. South Barrington is home to many professionals in prestigious fields such as medicine, finance, and law.

Related: The 10 Wealthiest Cities In Arizona

10. Highland Park Per Capita Income – $68,688

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Highland Park is a town in Lake County, Illinois. The population was 29,763 at the 2010 census. It is listed as one of the 100 wealthiest communities in the United States and the most affluent suburb in the Chicago Metropolitan Area.

Highland Park has a median household income of $66,816. Highland Park is one of the two municipalities (the other being neighboring Lake Forest) located entirely within the area known as North Shore.

The median cost of homes is $1,268,000 and that’s considered “affordable” here. The median home size here is 3,000 square feet which can fit about 6 people. The average cost for a home here for sale is around $1,300,000.00.

The schools here are very nice and there are many colleges nearby to attend for anyone who wants to pursue higher education. Highland Park has its train station which leads directly into Chicago itself.

The restaurants are nice and there are so many that you’ll have trouble deciding which restaurant to go to! There are so many things to do when you’re in this area such as walking your dog or jogging along the lakefront.

It’s amazing how beautiful this town is! There are always things going on in the city and there’s never anything boring happening in this city!

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