Richest Neighborhoods In Chicago, IL For 2020


We used science and data to determine which Chicago neighborhoods have the richest people.

Editor’s Note: We updated this article for 2020. This is our fifth time ranking the richest neighborhoods to live in Chicago.
Richest Neighborhoods In Chicago

Welcome to the land of the 1%. Where you’ll find lawyers, and doctors, and business executives. And while they probably aren’t made of ticky tacky, they are definitely made of money.

These are the wealthiest neighborhoods that Chicago has to offer. Where houses go for over 2.73x the national median and household incomes are 2.04x the national median.

But where exactly in Chicago do the richest of the rich people live? That would be Forest Glen where the median income is a cool $112,032.

Here’s a look at the top 10 richest neighborhoods in Chicago out of 77 for 2020.

What’s the richest neighborhood to live in Chicago for 2020? According to the most recent census data, Forest Glen looks to be the richest Chicago neighborhood to live in.

Summing up the median income of those 10 neighborhoods adds up to $965,837. And that my friend, is more 0s than most of us will see in our bank account for a long, long time — if we ever get that lucky. Continue on to find where your neighborhood ranks amongst the richest in Chicago. Once you’re done, you can look at the bottom of the story for a complete chart of every neighborhood we looked at from richest to poorest.

For more Chicago reading, check out the best neighborhoods in Chicago and the worst neighborhoods in Chicago. Or, for living around Chicago, out the best Chicago suburbs and the worst Chicago suburbs.

For more Illinois reading, check out:

How We Determined The Wealthiest Neighborhoods In Chicago For 2020

Every city has it’s best neighborhoods — where everyone wants to live — and the worst neighborhoods — where no one wants to live. And then you have the wealthiest neighborhoods, where no one can afford to live.

And by no one, we really mean you because there’s always someone richer than you.

How do you quantify richer than you? We looked at one simple criterion:

Which neighborhoods have the highest median income?

Using census and extrapolated BLS data, we ranked every neighborhood based on income levels.

We ranked every neighborhood in Chicago by median income from highest to lowest. The neighborhood with the highest median income, Forest Glen, was named the richest neighborhood in Chicago.

The poorest neighborhood? That would be Riverdale.

Now a look at how all the neighborhoods in Chicago ranked.

For more Illinois reading, check out:

Detailed List Of The Richest Neighborhoods In Chicago For 2020

Rank Neighborhood Median Household Income<
1 Forest Glen $112,032
2 Lincoln Park $99,720
3 North Center $99,384
4 Beverly $99,102
5 Edison Park $98,327
6 Loop $98,220
7 Near North Side $97,802
8 Mount Greenwood $91,682
9 Lake View $88,165
10 West Town $81,403
11 Near South Side $80,646
12 Norwood Park $77,558
13 Lincoln Square $72,563
14 Jefferson Park $69,751
15 Morgan Park $69,655
16 Garfield Ridge $69,182
17 Logan Square $67,769
18 Ashburn $66,956
19 Near West Side $64,399
20 North Park $62,644
21 Irving Park $62,620
22 Hegewisch $61,614
23 Clearing $61,588
24 Dunning $60,896
25 Pottage Park $59,222
26 Albany Park $58,075
27 Hyde Park $56,899
28 West Ridge $54,223
29 West Elsdon $53,245
30 West Lawn $52,390
31 Montclare $52,361
32 Edgewater $51,873
33 Washington Heights $49,725
34 Avondale $49,249
35 Calumet Heights $49,176
36 O’hare $47,915
37 Uptown $47,665
38 Kenwood $47,591
39 Belmont Cragin $46,654
40 Bridgeport $46,467
41 Archer Heights $46,363
42 Avalon Park $45,242
43 East Side $44,652
44 Mckinley Park $43,639
45 Lower West Side $40,724
46 Gage Park $40,566
47 Hermosa $39,659
48 Roseland $39,535
49 Brighton Park $39,500
50 Douglas $39,212
51 Rogers Park $38,837
52 Pullman $38,397
53 South Deering $37,207
54 West Pullman $36,883
55 Grand Boulevard $36,187
56 Austin $36,124
57 Humboldt Park $36,095
58 Chatham $35,343
59 Oakland $35,228
60 Chicago Lawn $34,909
61 New City $32,588
62 Auburn Gresham $32,470
63 South Lawndale $32,212
64 South Chicago $32,122
65 Grand Crossing $30,799
66 West Englewood $30,441
67 Armour Square $27,790
68 East Garfield Park $27,141
69 South Shore $26,786
70 North Lawndale $26,510
71 Woodlawn $25,807
72 Burnside $25,642
73 Washington Park $24,556
74 West Garfield Park $24,266
75 Englewood $23,317
76 Fuller Park $22,962
77 Riverdale $15,894

About Chris Kolmar

Chris Kolmar has been in the real estate business for almost ten years now. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks.

He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move.

If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already.

You can find out more about him on LinkedIn or his website.