These Are The 10 Richest Cities In Illinois For 2018

We analyzed over 344 places in Illinois to determine where the 1% live.

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Western Springs, Winnetka, Glencoe: These cities aren’t just some of the best places to live in Illinois. They are also home to some of the richest people in the Prairie State.

Western Springs in particular houses the richest residents in the state thanks, in part, to a median household income of $147,361 and a ridiculously low poverty rate of 2.1%.

If you’re thinking of moving to one of these towns, you’ll probably need to start saving. The richest places in Illinois share common characteristics such as having a genius level populous, sky high home prices, and a Pleasantville level of married couples.

How did we come up with these mega wealthy cities? We analyzed Census data from the 2012-2016 American Community Survey for the 334 places in Illinois with more than 5,000 people.

At the end of the day, here’s the set of the 10 richest places in Illinois for 2018:

  1. Western Springs (Photos | Homes For Sale)
  2. Winnetka (Photos | Homes For Sale)
  3. Glencoe (Photos | Homes For Sale)
  4. Lake Bluff (Photos | Homes For Sale)
  5. Hawthorn Woods (Photos | Homes For Sale)
  6. Inverness (Photos | Homes For Sale)
  7. Deerfield (Photos | Homes For Sale)
  8. Northbrook (Photos | Homes For Sale)
  9. Oak Brook (Photos | Homes For Sale)
  10. Wilmette (Photos | Homes For Sale)

For more on how we calculated the top ten, read on or skip to the end for the full list of the richest cities in Illinois.

Rich people not your cup of tea? Feel free to check out the best places to live in Illinois or the poorest.

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How We Determined The Richest Places In Illinois For 2018

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 2012-2016 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 334 places with more than 5,000 people in Illinois, we ranked each place from 1 to 334 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, Western Springs, crowned the “Richest Place In Illinois For 2018”.

You can learn more about the top ten below or skip to the end to see the rankings for all 334 places.

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1. Western Springs

Western Springs, Illinois

Population: 13,133
Median Income: $147,361
Unemployment Rate: 2.7%
Poverty Rate: 2.1%
More on Western Springs: Homes For Sale | Data
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.

2. Winnetka

Winnetka, Illinois

Population: 12,437
Median Income: $207,857
Unemployment Rate: 2.9%
Poverty Rate: 2.8%
More on Winnetka: Homes For Sale | Data
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.

3. Glencoe

Glencoe, Illinois

Population: 8,870
Median Income: $185,320
Unemployment Rate: 1.5%
Poverty Rate: 3.5%
More on Glencoe: Homes For Sale | Data
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.

4. Lake Bluff

Lake Bluff, Illinois

Population: 5,758
Median Income: $150,962
Unemployment Rate: 3.8%
Poverty Rate: 2.4%
More on Lake Bluff: Homes For Sale | Data
Lake Bluff is a village in Shields Township, Lake County, Illinois, United States. The population was 7,469 as of 2015.

5. Hawthorn Woods

Hawthorn Woods, Illinois

Population: 7,590
Median Income: $156,413
Unemployment Rate: 2.7%
Poverty Rate: 3.5%
More on Hawthorn Woods: Homes For Sale | Data

6. Inverness

Inverness, Illinois

Population: 7,844
Median Income: $172,949
Unemployment Rate: 4.4%
Poverty Rate: 0.5%
More on Inverness: Homes For Sale | Data
Inverness is a suburban village in Cook County, Illinois, United States. The population was 7,399 at the 2010 census.

7. Deerfield

Deerfield, Illinois

Population: 18,686
Median Income: $143,729
Unemployment Rate: 3.7%
Poverty Rate: 2.9%
More on Deerfield: Homes For Sale | Data
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.

8. Northbrook

Northbrook, Illinois

Population: 33,538
Median Income: $115,243
Unemployment Rate: 3.5%
Poverty Rate: 2.7%
More on Northbrook: Homes For Sale | Data
Northbrook is an affluent suburb of Chicago, located at the northern edge of Cook County, Illinois, United States.

9. Oak Brook

Oak Brook, Illinois

Population: 7,988
Median Income: $144,286
Unemployment Rate: 3.3%
Poverty Rate: 3.9%
More on Oak Brook: Homes For Sale | Data
Oak Brook is an affluent village in DuPage County with a small portion in Cook County in Illinois. The population was 7,883 at the 2010 census. A suburb of Chicago, Oak Brook serves as home to the headquarters of several notable companies and organizations including McDonald’s (now moving to Chicago), Ace Hardware, Blistex, Federal Signal, CenterPoint Properties, Sanford L.P., TreeHouse Foods, and Lions Clubs International.

10. Wilmette

Wilmette, Illinois

Population: 27,367
Median Income: $138,651
Unemployment Rate: 4.0%
Poverty Rate: 3.3%
More on Wilmette: Homes For Sale | Data
Wilmette is a village in New Trier Township, Cook County, Illinois, United States. It is located 14 miles (23 km) north of Chicago’s downtown district (4 mi or 6 km from Chicago’s northern border) and had a population at the 2010 census of 27,087. Wilmette is considered a bedroom community in the North Shore region. In 2007, Wilmette was ranked as the seventh best place to raise children in the U.S., according to Business Week. In 2015, Wilmette was ranked the best place to live in Illinois based on a variety of factors including its low unemployment rate, median income, low housing vacancy rate, high education expenditures per student, low crime, and short commute times. Wilmette is home to two of Illinois’ 17 elementary schools (Romona Elementary School and St. Joseph School) to be awarded the 2017 National Blue Ribbon award.

There You Have It – The Wealthiest Places In Illinois For 2018

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:

Poorest: Centreville
2nd Poorest: Harvey
3rd Poorest: East St. Louis

For more Illinois reading , check out:

  • 10 Worst Places To Live In Illinois
  • 10 Best Places To Raise A Family In Illinois
  • 10 Most Dangerous Cities In Illinois
  • Detailed List Of The Richest Cities In Illinois

    Rank City Median Income
    1 Western Springs $147,361
    2 Winnetka $207,857
    3 Glencoe $185,320
    4 Lake Bluff $150,962
    5 Hawthorn Woods $156,413
    6 Inverness $172,949
    7 Deerfield $143,729
    8 Northbrook $115,243
    9 Oak Brook $144,286
    10 Wilmette $138,651
    11 Libertyville $119,125
    12 Plainfield $116,896
    13 Long Grove $184,208
    14 Lake Forest $162,117
    15 Oswego $97,537
    16 River Forest $103,622
    17 Sugar Grove $104,754
    18 Winfield $96,849
    19 Barrington $119,688
    20 Glenview $102,009
    21 Park Ridge $92,474
    22 Mokena $98,662
    23 Hinsdale $173,558
    24 Burr Ridge $126,771
    25 Johnsburg $105,700
    26 St. Charles $89,971
    27 Gilberts $123,399
    28 Elmhurst $100,671
    29 Homer Glen $92,054
    30 Clarendon Hills $111,981
    31 Campton Hills $119,044
    32 Huntley $76,998
    33 Lake Zurich $110,786
    34 Northfield $125,636
    35 Buffalo Grove $101,376
    36 New Lenox $102,273
    37 Mahomet $86,612
    38 Morton $73,263
    39 Bartlett $100,458
    40 Manhattan $86,536
    41 Chatham $80,808
    42 Lincolnwood $96,222
    43 Lincolnshire $102,364
    44 Highland Park $130,355
    45 Washington $71,702
    46 Hoffman Estates $88,733
    47 Grayslake $82,881
    48 Naperville $110,676
    49 Darien $82,255
    50 Gurnee $88,553
    51 Waterloo $70,534
    52 Vernon Hills $95,217
    53 La Grange $105,417
    54 Arlington Heights $79,979
    55 Elburn $96,896
    56 Algonquin $100,027
    57 Willow Springs $81,926
    58 Spring Grove $111,000
    59 Shiloh $81,146
    60 Roselle $79,040
    61 Frankfort $113,250
    62 Yorkville $85,045
    63 Lake Villa $91,220
    64 Bloomingdale $76,757
    65 Glen Carbon $81,658
    66 Glen Ellyn $101,967
    67 Lemont $89,524
    68 Montgomery $80,900
    69 West Dundee $80,087
    70 Mount Zion $66,125
    71 Roscoe $76,463
    72 Troy $72,054
    73 Orland Park $85,580
    74 Monee $69,381
    75 North Aurora $81,826
    76 Itasca $82,269
    77 Lockport $79,148
    78 Wheaton $91,241
    79 Columbia $73,442
    80 Round Lake $76,605
    81 Woodridge $76,858
    82 South Elgin $87,738
    83 La Grange Park $85,671
    84 Lake In The Hills $85,895
    85 Channahon $89,957
    86 Auburn $62,386
    87 Downers Grove $85,171
    88 Wauconda $76,886
    89 Antioch $81,406
    90 Schaumburg $75,658
    91 Elk Grove Village $71,082
    92 Riverside $100,696
    93 Crystal Lake $80,760
    94 Pingree Grove $76,780
    95 Lindenhurst $87,031
    96 Mount Prospect $69,517
    97 Geneva $100,284
    98 Cary $98,715
    99 Island Lake $72,992
    100 Morton Grove $75,797

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