Hands down Illinois is wealthy right out of the gate because they house the Chicago Bears. However, there is more to Illinois than just their great sports teams: there are super wealthy cities in the Land of Lincoln that placate to the rich and famous.
If you’re looking for safe cities and neighborhoods, amazing schools, and high-end shopping, with a bank account to match, you can stop your search. There are cities in on our Top 10 Richest Cities in Illinois that have these 5-star amenities, and then some. And, yes, they are mainly centralized around Chi-town.
To create this list, we asked ourselves, what is important to rich people? Besides the obvious: high paying jobs, affluent neighborhoods, gigantic homes, and Michelin rated restaurants, we know that the cities on our list cater to the ‘one percent’ on a different level.
Cities on our list like Glencoe offer beachfront access to Lake Michigan and cities like Deerfield provide upscale golf courses enough to play a different course every day of the week.
Now, it’s not lost on us that there are multiple cities on our 10 Best Cities to Live in Illinois for 2019 that are also on our richest list. (It’s worth a google.) Wealthy cities tend to have it all.
To see which cities make the dolla’ holla’ on our top 10 Richest Cities in Illinois for 2019, grab a slice of deep dish ‘za, a nice quiet spot on Lake Michigan, and take a look at the list below.
At the end of the day, here’s the set of the 10 richest places in Illinois for 2019:
- Inverness (Photos | Homes For Sale)
- Glencoe (Photos | Homes For Sale)
- Lake Bluff (Photos | Homes For Sale)
- Winnetka (Photos | Homes For Sale)
- Western Springs (Photos | Homes For Sale)
- Deerfield (Photos | Homes For Sale)
- Libertyville (Photos | Homes For Sale)
- Northbrook (Photos | Homes For Sale)
- Campton Hills (Photos | Homes For Sale)
- Hawthorn Woods (Photos | Homes For Sale)
How does one get their hand on one of these Illinois gems where living your best life requires the dolla’ to holla’? Well, a couple of things have to fall into place for you.
First off, you need to find a job that pays on average $150,000/year. Might we suggest a job in real estate in our number one richest city? The median home price in this city is $700,000. That’s a lot of Illinois cheddar, folks.
Secondly, you have to be a hard worker. Unemployment rates and poverty rates in these richie rich Illinois cities, come in just below 3%. #Kudos
So what city in Illinois crushed all categories, that would be Inverness.
So, if you care about living where there are great jobs and wealthy people, take a look the list below. The ‘Prairie State’ wants you to call it home.
Rich people not your cup of tea? Feel free to check out some more reading about Illinois:
The 10 Richest Cities In Illinois For 2019
Inverness is a suburban village in Cook County, Illinois, United States. The population was 7,399 at the 2010 census.
Glencoe (/lnko/) is a village in northeastern Cook County, Illinois, United States. As of the 2010 census, the total population was 8,723. Glencoe is located on Chicago’s North Shore and is located within the New Trier High School District.
Lake Bluff is a village in Shields Township, Lake County, Illinois, United States. The population was 7,469 as of 2015.
Winnetka (/wntk/) is a village in Cook County, Illinois, United States, located 16 miles north of downtown Chicago. The population was 12,187 at the 2010 census. The village is one of the wealthiest places in the nation in terms of household income, and the richest in Illinois.
Western Springs is a village located in Cook County, Illinois, United States and is a suburb of Chicago. As of the 2010 census, the village had a total population of 12,975. It is twinned with Rugeley, United Kingdom.
Deerfield is a village in Lake County, Illinois, United States, approximately 25 miles north of Chicago with a small portion extending into Cook County, Illinois. The population was 18,225 at the 2010 census, a decline of 175 from 2000.
Libertyville is a village in Lake County, Illinois, United States and a suburb of Chicago. It is located 5 miles (8 km) west of Lake Michigan on the Des Plaines River. The 2014 census population was 20,512. (There is also a township of the same name, which includes the village and some surrounding areas.) Located in northeastern Illinois, southwest of Waukegan and west of Lake Forest, its immediate neighbors are Mundelein to the west, Green Oaks, Mettawa, and Rondout to the east, Gurnee to the north, Grayslake to the northwest, and Vernon Hills to the south.
Northbrook is an affluent suburb of Chicago, located at the northern edge of Cook County, Illinois, United States.
How We Determined The Richest Places In Illinois For 2019
The first thing that comes to most people’s minds when they think about determining the richest places is to simply identify personal incomes. After all, rich people have really high salaries.
However, we don’t believe that one statistic wholly encompasses what it means to be one of the “richest places”. So we looked at this set of criteria from the newly released 2013-2017 American Community Survey:
- Poverty Level
- Median Household Income
- Unemployment Rate
Median household income is the most digestible way to understand how rich a place really is. The unemployment rate tries to capture the prospects for more people to become rich. If more people are employed, the richer the future looks.
After we collected the data for all 332 places with more than 5,000 people in Illinois, we ranked each place from 1 to 332 for each of the criteria, with 1 being the richest.
We then averaged all the rankings for a place into a “Rich Score” with the place having the lowest overall Rich Score, Inverness, crowned the “Richest City In Illinois For 2019”.
You can learn more about the top ten below or skip to the end to see the rankings for all 332 places.
There You Have It – The Wealthiest Places In Illinois For 2019
Like we said earlier, when we set out to identify the richest places in Illinois, we weren’t sure what we’d encounter, but it ended up being some of the best places to live in Illinois.
When you look at the data, the cities and places mentioned above meet the criteria for being at the very top of the income ladder for everyone that lives there.
If you’re curious enough, here are the poorest cities in Illinois, according to data:
2nd Poorest: Harvey
3rd Poorest: East St. Louis
For more Illinois reading, check out:
- 10 Safest Places In Illinois
- 10 Cheapest Places To Live In Illinois
- 10 Best Places To Raise A Family In Illinois
How Is The Area In ?
Detailed List Of The Richest Cities In Illinois
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