The 10 Wealthiest Suburbs in Chicago 2024 as found out by Instant-Loans-USA.com Payday Loan Chicago, IL experts: The city of Chicago is home to a number of the most prestigious museums in the United States.In addition, there are a great number of art galleries and art institutions, which draw visitors from all over the world to see their exhibitions and participate in their programs.
There are also some magnificent botanical gardens in Chicago that offer soothing walks among bright flowers and plants.
Activities like as surfing, kite surfing, and water skiing may be enjoyed on Lake Michigan, while the Lincoln Park Zoo displays species from all over the world.
The Windy City is home to 2.7 million people and is unlike any other city in the United States. Chicago is known as one of the most famous and distinctive cities in the United States.
The city of Chicago is known as a place that never stops moving.
You will never run out of things to do because there are so many options and possibilities available.
Because there are so many exciting activities, including events, festivals, concerts, and other types of gatherings, it is an excellent location to call home.
In addition to its high-end hotels, world-class museums, and plethora of other entertainment options, Chicago is home to some of the world’s best restaurants serving cuisine from across the globe.
Every day of the week, you may go to any one of Chicago’s many music venues and catch a live performance there.You can also find several dance clubs here, where you may have a good time dancing the night away, or you can relax with a drink at one of the pubs or restaurants that are located within the dance clubs.
Having said that, if you now reside in Chicago, the following is a list of some of the wealthy areas that you should seriously consider moving to based on the income of your family.
10 Wealthiest Suburbs in Chicago 2024
1. Winnetka (Wealthiest Suburbs in Chicago) – $98,139
Cook County, Illinois is home to the quaint community of Winnetka, which is considered to be one of the affluent “North Shore” suburbs of Chicago. Winnetka is located in Cook County. In 2019, there were 12,428 people living there. It is considered to be one of the most prosperous neighborhoods in the United States.
The income of a typical household in Winnetka comes in at $207,955, which is the median. This is a far wider gap than the one we observe in the New York-Newark area, where the median income for a family is $62,963, but the median income for a household in the United States is $51,939.
The commercial and financial sector, management, the professional, scientific, and technical services industry, sales positions, and the health care sector make up the top five most popular vocations. In comparison to the average of 100 throughout the country, the cost of living index in Winnetka is 172.2. (lower is better).
This Chicago suburb has an average house value of $1.4 million, which is about seven times the national average of $173,600 for all homes. The average price of a home in the United States is now $173,600.
The national average for high school graduation rates in public schools in the United States is 84%, which is much lower than Winnetka’s rate of 98%. Only 7% of pupils are unable to complete their high school education within the required four years.
The percentage of adult citizens who have completed at least one year of college is 99%, which is much higher than the national average of 27%.
2. Kenilworth (Wealthiest Suburbs in Chicago) – $97,381
Kenilworth is a community located in Cook County, Illinois, and is considered a western suburb of Chicago. Kenilworth is one of the most affluent suburbs in the United States and is most known for its infamous “Wall Street of Chicago” and its exclusive gated community, The Kenilworth. Both of these landmarks contribute to Kenilworth’s status as a wealthy neighborhood.
In the north-central area of the City of Chicago, Illinois (North Kenwood / Oakland), you’ll find a neighborhood known for its affluence called Kenilworth. Although the majority of this neighborhood may be found inside the boundaries of the city, there is a section that can be found in the nearby village of River Forest.
Kenilworth is much more prosperous than the Chicago region as a whole due to its significantly higher median family income of $209,000 and the fact that 78 percent of inhabitants have achieved at least a bachelor’s degree. The median rent in the community is $3,600 per month, while the median value of a property in the village is $1,188,900.
3. Glencoe (Wealthiest Suburbs in Chicago) – $96,649
It is 31 miles (50 km) to the northwest of the central business district of Chicago in the state of Illinois, where Glencoe is located. Glencoe is a suburb of Chicago.
The village has a total population of 8,723 residents as per the census done in 2010. New Trier Township in Cook County is home to the quaint community of Glencoe, which may be found inside its borders.
Glencoe, which is one of the wealthiest suburbs and is located in the Chicago suburbs, with a typical household income of about $971,100. It is estimated that the cost of living there is 16% cheaper than the average cost of living throughout the nation, and the value of home there is around $390,000.
According to the statistics provided by the Census, Glencoe has a homeownership rate that is greater than 80%. Glencoe has an extremely low percentage of unemployment, and the town’s population has been consistently increasing over the course of several decades.
4. Inverness (Wealthiest Suburbs in Chicago) – $91,623
In the far northwest part of Chicago, Illinois, in the United States, you’ll find the upscale neighborhood known as Inverness. One of the 77 community areas that have been legally recognized as being part of Chicago, it may be found on the western side of the city.
The Devon Avenue in the neighborhood’s northeast corner, River Grove Avenue in the west, Central Avenue in the south, and Harlem Avenue in the neighborhood’s north corner make up the neighborhood’s boundaries. This neighborhood is provided service by the Branch Area of the Chicago Public Library.
With a typical family income of $89,710, Inverness has one of the highest levels in all of Chicago. The typical income for a household in its neighboring community to the south, North Riverside, is also $93,547. In terms of the number of people who live in each home, Inverness has a household size of 2.83 people, whereas North Riverside has a household size of 2.70 people.
5. Barrington Hills (Wealthiest Suburbs in Chicago) – $91,555
Along the Des Plaines River, approximately 25 miles to the northwest of Chicago is where you’ll find the beautiful community of Barrington. After the nearby town of Rolling Meadows, which has a population of 10,327 people, the village is the second-largest community in all of Cook County.
Barrington’s closeness to Chicago, which facilitates an easy commute both to and from the city, is one factor that has contributed to the town’s fast population expansion in recent years. Additionally, it is in close proximity to Lake Cook Road, which is home to one of the most stunning nature preserves in the state of Illinois.
With a land area of more than 23 square miles and a population of around 10,327 people, Barrington is one of the biggest suburbs in the Chicago metropolitan region. Overall, Barrington is a relatively wealthy town with a typical household income of $120,000 and a median property value of $660,000. These statistics indicate that residents of this area enjoy a high standard of living (according to Census data).
At just 2.5%, the poverty rate in this suburb is one of the lowest of any major suburb in the Chicago region, making it one of the most desirable places to live. This indicates that the percentage of residents in Barrington who are considered to be living below the poverty line is much lower than the statewide average of 14%.
6. Lake Forest (Wealthiest Suburbs in Chicago) – $86,004
Lake Forest is an upscale suburb located in the San Francisco Bay Area that is home to some of the wealthiest families in the United States. It has one of the highest median incomes in the country. This city in the Chicago metropolitan region has a typical family income that exceeds $142,000 per year.
Lake Forest is considered to be one of the greatest locations to live in the United States of America, in addition to being home to a significant number of the richest individuals in the country. Lake Forest has a total population of little more than 20,000 people, and the typical home has roughly 2.5 people.
The city is composed of a number of distinct towns and neighborhoods, some of which include North Shore Beach Club, Old North Shore, and Central Park. The intersection of South Middleboro Road and Route 41 constitutes Lake Forest’s primary business district.
Lake Forest is home to a bike path network that extends to and links with other municipalities in the area. The downtown area is home to a large number of well-known businesses, such as Pick Me Up Cafe, in addition to various art galleries.
Lake Forest is a wonderful location for year-round living due to its temperate climate and close proximity to major cities such as Chicago and Milwaukee. In addition to being an attractive destination for visitors, Lake Forest is also a wonderful spot to visit.
7. Oak Brook (Wealthiest Suburbs in Chicago) – $81,213
As of the year 2020, the average household income in Oak Brook, Illinois, makes it the most prosperous suburb of Chicago in the whole United States. Oak Brook has a population of around 7,883 people and the typical age of its citizens is 42.2 years old.
The typical annual income for a family is 77,387 dollars, while the median annual gross rent is $1,846. 62% of inhabitants in Oak Brook are married, and 62% of residents have earned a high school diploma or above. Additionally, 34% of residents have earned a bachelor’s degree or higher.
Due to the town’s low ratio of minority people in comparison to the norm for the country, there are no diversity concerns inside the community.
In Oak Brook, there is a diverse selection of restaurants from which to pick, including eateries serving American, Italian, and Chinese cuisine, amongst others. In addition, the neighborhood is home to a number of different shopping facilities, including shopping malls and shopping complexes.
Because of the neighborhood’s proximity to major destinations like the Chicago Downtown Loop, which is only 5 kilometers away, and O’Hare International Airport, which is 22 kilometers away, residents will find it very easy to navigate the surrounding area by using either public transportation or their own cars.
8. North Barrington (Wealthiest Suburbs in Chicago) – $78,326
North Barrington is a community in Cook County, Illinois, that is considered a suburb of Chicago. North Barrington had a total population of 3,047 residents as per the census completed in 2010.
The majority of the single-family houses and condominiums in this city’s upscale real estate market are valued at more than $1 million on average. The average income of each household is more than $71,000, which is much more than the average income of each household in Cook County, which is more than $65,000.
The Buffalo Creek Golf Club and the Pines Theater are just two of the many attractions that can be found in North Barrington. Residents take pleasure in going to upscale dining establishments like The Parthenon, Taverna of Glencoe, and Bistro Coda, in addition to shopping at Glencoe Mills and Harps Food Stores.
9. South Barrington (Wealthiest Suburbs in Chicago) – $70,004
The ninth richest community in the area is South Barrington. South Barrington has a median household income of $69,004 per year. The typical price of a property is $841,900, while the median annual income for a household is $72,919.
It has an extremely low poverty rate, of 1.8%, which is really impressive. The typical household income in South Barrington is much higher than the national average. But for this community, it’s not just about the money; it’s also about having peace of mind. The majority of the communities in this area are gated, and the local police force is widely regarded as being among the very best in the state.
Lake Barrington is an artificial lake that was constructed when a dam was built on the Fox River. South Barrington was planned to be built around the lake, which is located in a secluded part of the north shore. It is surrounded by a number of the most popular tourist destinations in the region, such as the Ravinia Festival and the neighboring golf courses.
It is a terrific spot to raise a family due to the abundance of open space and the superior educational opportunities. South Barrington is the place of residence for a significant number of experts in respected professions such as medicine, banking, and law.
10. Highland Park (Wealthiest Suburbs in Chicago) – $68,688
In the U.S. state of Illinois’s Lake County, you’ll find the town of Highland Park. At the time of the census in 2010, there were 29,763 people living there. It is the most economically successful suburb in the Chicago Metropolitan Area and is ranked as one of the top 100 wealthiest communities in the United States.
The average income of a household in Highland Park is $66,816 per year. Highland Park is one of the two municipalities that are wholly located inside the region that is known as North Shore. The other municipality is Lake Forest, which is located nearby.
It is estimated that residents may “comfortably” purchase a property with a median price of $1,268,000. The average size of a home in this area is 3,000 square feet, which is sufficient space for roughly six people. The price of a property in this area that is currently on the market is around $1,300,000.00 on average.
Anyone who wishes to pursue further education can do so at one of the numerous surrounding universities, which are of a high quality and are located in close proximity to one another. There is a railway station in Highland Park that operates in direct connection with Chicago city.
You are going to have a hard time choosing which restaurant to go to since they are all so good and there are so many of them! When you’re in this region, you’ll find that there are a lot of activities you can do, such as taking your dog for a walk or going for a jog along the lakefront.
It’s hard to believe a place could be so stunning as this town! There is never a dull moment in this city since there is always something exciting taking place here. This city is never dull.