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

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

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