Illinois, sometimes called the Land of Lincoln, is a diverse and fascinating state boasting a rich history, vibrant culture, and strong economy. Amidst its scenic landscapes and bustling urban centers lie some of the wealthiest cities in the region.
After conducting thorough research on various economic indicators such as median household income, property values, employment opportunities, and quality of life, we have curated an insightful list of the most affluent cities in Illinois.
From iconic metropolises like Chicago to charming suburbs with thriving communities on the outskirts of major cities such as Naperville or Hinsdale – these prosperous Illinois towns offer residents an unparalleled living experience.
These locales not only possess high earning potential for their inhabitants but also provide exceptional educational facilities, healthcare services, and cultural amenities that contribute to overall well-being.
Our comprehensive guide will allow you to explore these 20 affluent Illinois destinations in detail and unveil what precisely sets them apart from others across the state.
Let’s dive in!
20 Richest Cities in Illinois Based on Recent Data
Here are the 20 most affluent places in Illinois.
20. Burr Ridge
Located in both Cook and DuPage counties, this picturesque town boasts impressive property values, with Zillow reporting a median home value of $672,364.
Residents enjoy access to top-notch educational facilities and resources, including an excellent school district that has a graduation rate of 97% per Niche.com.
In Burr Ridge, employment opportunities thrive within various industries such as healthcare services and finance. The community also enjoys several cultural amenities like the Burr Ridge Village Center – a bustling shopping complex featuring upscale boutiques and eateries.
Wilmette, nestled along the shores of Lake Michigan, is among the high-income towns in Illinois and a premier suburb of Chicago. According to U.S. Census Bureau, Wilmette has an impressive median household income of $173,967.
This prosperous community enjoys exceptional property values as well, with Zillow indicating a median home value standing at $744,064.
The town’s residents benefit from outstanding educational facilities and resources; for instance, New Trier Township High School is one of the best in Illinois with a 98% graduation rate per Niche.com.
Apart from its wealth and success metrics, Wilmette offers various cultural amenities such as the renowned Baha’i House of Worship and access to beautiful parks along Lake Michigan.
18. Western Springs
Western Springs is a notable affluent suburb of Chicago and one of the richest areas in Illinois. Home values in this community are equally impressive, with Zillow data showing a median home value of $670,210.
This thriving townhouse has exceptional educational facilities and resources, such as top-rated schools within the Lyons Township High School District 204.
The U.S. Census Bureau reports that the median household income for Western Springs residents stands at $196,638, showcasing its economic prosperity.
In terms of employment opportunities, Western Springs offers diverse options in industries like healthcare services, professional services, and finance.
Beyond financial success indicators and reputable school systems, Western Springs provides various cultural amenities to its population. The Theatre of Western Springs has been an essential cornerstone for arts and entertainment since 1929.
Inverness, an upscale suburb of Chicago, ranks among the richest cities in Illinois. U.S. Census Bureau data shows a remarkable median household income of $190,458, reflecting the town’s affluence.
In terms of cultural amenities and recreational offerings, Inverness features several golf courses such as the Inverness Golf Club along with beautiful parks and preserves for families to enjoy.
The community is also characterized by high property values; Zillow reports a median home value of $648,733 for this area.
Education plays a significant role in Inverness’ appeal as it offers outstanding educational facilities and resources to residents, such as the Barrington Community Unit School District 220.
Its proximity to Chicago provides abundant employment opportunities across industries like healthcare services, finance, and technology.
16. Hawthorn Woods
Hawthorn Woods, a prestigious village in Lake County, is among the richest villages in Illinois with its high-income residents and luxurious properties.
With top-notch educational facilities and resources available through schools such as Spencer Loomis Elementary and Lake Zurich High School, parents can ensure their children receive an excellent education.
According to the U.S. Census Bureau’s data, the median household income stands at an impressive $213,605. The picturesque town offers magnificent estates often valued over $1 million, showcasing the strong property values in this affluent suburb.
Based on AreaVibes FBI data, this prosperous community enjoys a low crime rate of 91% lower than the national average which further enhances the quality of life for Hawthorn Woods’ inhabitants. Access to advanced healthcare services in nearby hospitals like Advocate Good Shepherd Hospital contributes to the appeal of this wealthy town.
Hinsdale is a suburban village in Cook and DuPage counties that ranks as one of the most affluent neighborhoods in Illinois. With an impressive median household income of $224,185, according to U.S. Census Bureau, Hinsdale provides a high quality of life for its residents.
The real estate market is robust with Zillow reporting that the current median home value is about $947,885. Crime rates are low in this affluent suburb; Neighborhood Scout indicates that it’s safer than 60% of US cities.
Expansive parks and recreational facilities also add to the charm and attraction of this prosperous community. With a population of close to 17,391 residents as per the United States Census Bureau data, Hinsdale offers an ideal blend of small-town atmosphere coupled with upscale amenities for those seeking luxury living in Illinois.
Golf is a small village in Cook County, and ranks high among top-earning Illinois neighborhoods. The median household income soars to $201,875 per Data USA.
With a population of just over 495 people and an intimate community feel, this village offers a comfortable environment for families seeking luxury living.
Not just known for its wealth, Golf boasts an impressively low crime rate that sits 83% lower than the national average, according to AreaVibes, ensuring safety and peace in this opulent enclave. Real estate values reflect the upscale atmosphere with an average home price of around $924,774 per Zillow data.
Top-rated schools and excellent public amenities make Golf an attractive option for those seeking prosperity and exclusivity amidst Illinois’ bustling urban landscape.
Bannockburn is a small village in Lake County, that stands tall as one of the wealthiest places in Illinois. According to Data USA, the median household income is an impressive $115,833, highlighting the financial prosperity of its residents.
According to Bannockburn.org, the neighborhood has a population of approximately 1,315 allows for a tight-knit community experience. Besides being recognized for its affluence, Bannockburn enjoys an extremely low crime rate at 15% lower than the national average per AreaVibes, providing a safe and serene living environment for its inhabitants.
Reflecting this luxurious lifestyle, average home prices hover around $973,880 per Zillow. Coupled with excellent schools and well-maintained public facilities, Bannockburn emerges as a prime destination for families seeking both wealth and comfort in the heart of Illinois.
12. Oak Brook
Oak Brook is a prosperous community known for its luxury homes, high-end shopping centers, and numerous corporate headquarters.
According to recent data from the U.S. Census Bureau, Oak Brook’s median household income stands at an impressive $146,409, showcasing the prosperity of its residents.
The city boasts a population of approximately 8,025 people who enjoy low crime rates and excellent educational opportunities. The real estate market in Oak Brook reflects its affluence; as per Zillow’s recent data, the median home value stands at around $739,117.
Living within this upscale area offers residents access to top-notch amenities like Oakbrook Center Mall and pristine parks that add to the community’s charm.
Naperville, residing in DuPage County and a part of Will County, is an affluent suburb known for its top-rated schools, parks, and excellent quality of life. With a population of over 149,936 as per the U.S. Census Bureau, it ranks as the fourth largest city in Illinois.
The crime rate remains below the national average; NeighborhoodScout reports that it’s safer than 83% of other cities in the United States. In terms of education excellence, GreatSchools.org rates Naperville schools with an average ranking of 9 out of 10.
Northbrook is a thriving city located in Cook County and ranks as one of the wealthiest cities in Illinois. With an impressive median household income of $143,506 according to U.S. Census Bureau statistics, it’s evident that this suburban haven boasts a high standard of living.
The estimated population stands at around 35,222 residents which offers a blend of urban and suburban atmosphere. The real estate market remains strong with Zillow estimating the median home value at approximately $544,579.
Northbrook prides itself on its low crime rate; NeighborhoodScout data reveals that it is safer than 45% of U.S cities. Excellent schools and family-friendly amenities contribute to the allure of families seeking an affluent yet warm community setting.
9. Lake Bluff
Lake Bluff is the ninth wealthiest city in Illinois, known for its luxurious homes and stunning landscapes. Located on the shores of Lake Michigan, this charming community offers affluent living with a median home value of $498,662 according to Zillow.
This high-end residential area boasts a comfortable median household income of $173,667 as per U.S. Census Bureau. Residing in Lake Bluff provides not only financial security but also safety and serenity. The city’s crime rate is 58% lower than the national average, based on data from Areavibes.
With a population of around 5,529 residents according to World Population Review, Lake Bluff has managed to create a tight-knit community that focuses on providing excellent education and fostering strong connections among its inhabitants.
Enjoying pristine lakefront beaches, an assortment of boutique shops and restaurants, and various outdoor recreational options like biking trails or golf courses; Lake Bluff provides an idyllic setting for families who are after an upscale lifestyle without sacrificing small-town charm.
Kenilworth ranked as the eighth wealthiest city in Illinois, is known for its scenic beauty and affluent neighborhoods. Located only 15.05 miles north of Chicago, it offers a perfect blend of small-town charm with big-city amenities nearby.
According to the latest Zillow report, Kenilworth’s median home value stands at a staggering $1.5 million, making it one of the most expensive housing markets in the state.
With a population of slightly over 2,358 residents, this village is an exclusive community where more than half of all households earn over $250,001 annually according to Illinois-Demographics.com.
In terms of safety, Kenilworth boasts one of the lowest crime rates in Illinois; Area Vibes reports that it has approximately 37% less crime than the national average.
Education-wise, it is served by top-rated schools under New Trier Township High School District 203 which consistently ranks among the best districts not just in Illinois but also nationwide per Niche.com.
Glencoe, a village in Cook County, ranks as one of the wealthiest neighborhoods in Illinois. This affluence is reflected in the median household income, which stands at an impressive $212,132 according to U.S. Census Bureau.
The real estate market in Glencoe also showcases its prosperity; the median home value here is about $1.1 million based on Zillow’s data.
Adding to Glencoe’s allure is its low crime rate – the village has a crime rate of 80% lower than the national average as reported by NeighborhoodScout.
With a relatively small population of approximately 8,612 people according to the U.S. Census Bureau, this charming community offers an excellent quality of life for those who can afford it.
In terms of education, Glencoe boasts several top-rated public schools within its New Trier Township High School District that provide students with outstanding academic and extracurricular opportunities.
Winnetka is the sixth wealthiest city in Illinois that boasts an impressive median household income of $250,001 per Data USA. This affluent village is nestled along Lake Michigan’s beautiful North Shore and possesses a strong sense of community.
With an estimated population of 12,370 residents based on the U.S. Census Bureau data, Winnetka offers exceptional educational opportunities through its highly-rated public schools.
Real estate in Winnetka reflects the luxurious lifestyle with a median home value at $2 per Realtor.com. According to Zillow data analysis, the current average home price stands at around $1.3 million.
The area has a relatively low crime rate making it a secure place for families to reside. Attractions such as stunning parks and pristine beaches contribute to the high quality of life that attracts many affluent individuals.
5. Barrington Hills
Barrington Hills is known for its sprawling estates and equestrian lifestyle, this city offers a luxurious living experience for its residents. According to U.S. Census Bureau, the median household income stands at $126,250.
The exclusivity of Barrington Hills extends beyond wealth; with large homes situated on lots ranging from 2 to 10 acres, privacy is a hallmark feature. Among other factors that contribute to its desirability are low crime rates and excellent educational opportunities.
Niche reports that Barrington Community Unit School District 220 has an A+ rating with top-tier schools like Barrington High School.
4. South Barrington
South Barrington is another wealthiest city in Illinois that boasts a median household income of $126,250 according to the U.S. Census Bureau. This affluent village is located in Cook County and has experienced significant growth since its incorporation in 1959.
Its current population stands at around 5,012 residents based on Sperling’s Best Places estimates. The luxurious residential community provides a high standard of living with exceptional amenities such as parks, shopping centers, and prestigious schools.
South Barrington’s real estate market is flourishing, with Zillow reporting a median home value of approximately $904,292. The city takes pride in maintaining low crime rates which contribute to the safe environment for families residing here.
Sperling’s Best Places data reveals that the total crime rate in this area is notably lower than both the national and state averages.
3. Lake Forest
Lake Forest, situated along the shores of Lake Michigan, is the third wealthiest city in Illinois. Known for its picturesque landscapes and elegant estates, this affluent community offers an exceptional quality of life.
According to the latest Zillow data, the median home value in Lake Forest is approximately $962,740, showcasing just how luxurious this area is.
With a small yet diverse population of about 19,368 residents – as reported by U.S. Census Bureau – you can expect a blend of culture and sophistication here.
When it comes to safety, Lake Forest boasts a relatively low crime rate that adds to its appeal. The town’s median household income stands at an impressive $194,267 per year according to U.S. Census Bureau, which is well above the national average.
2. North Barrington
North Barrington, ranked as the second wealthiest city in Illinois, boasts an impressive median household income of $197,188 according to Data USA.
This upscale community offers residents a perfect blend of rural charm and urban sophistication with a population of over 2,814 people. The area showcases luxurious homes with a median home value of around $715,593 based on Zillow reports.
Renowned for its serene atmosphere and beautiful natural landscapes, North Barrington is served by the prestigious Barrington Community Unit School District 220.
With a crime rate of 77% lower than the national average as reported by AreaVibes, this charming village ensures safety and security for all those who settle down in North Barrington.
1. Highland Park
Highland Park is the wealthiest city in Illinois with a median household income of $153,226 according to U.S. Census Bureau. Located within Lake County on the North Shore of Chicago, this city boasts impressive figures that reflect its affluence and high quality of life
Niche.com rates this upscale community with an A+ for its public schools, which contributes to the city’s appeal to families. Aside from its financial standing, Highland Park is known for its low crime rate – 69% below the national average as reported by AreaVibes.
The population stands at approximately 30,163 residents as per United States Census Bureau data. Housing prices remain relatively high with a median home value of $623,124 per latest Zillow data, indicating strong demand and desirability among potential homeowners.