The 10 Richest Cities In Illinois For 2021


We analyzed 332 places in Illinois to determine where the 1% live.

Editor’s Note: Data has been updated for 2021. This is our seventh time ranking the richest cities in Illinois.

Illinois will always be as lucky and wealthy as a lottery winner 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 ten 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 ten best cities to live in Illinois for 2021 that are also on our richest list. Wealthy cities tend to have it all. To see which cities come out as the wealthiest in Illinois for 2021, grab a slice of deep dish pizza, a nice quiet spot on Lake Michigan, and take a look at the list below.

Here are the 10 richest places in Illinois for 2021:

  1. Inverness
  2. Hawthorn Woods
  3. Winnetka
  4. Glencoe
  5. Winfield
  6. Lake Bluff
  7. Hinsdale
  8. Deerfield
  9. Northbrook
  10. River Forest

How does one get their hand on one of these Illinois gems? 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. Secondly, you have to be a hard worker. Unemployment rates and poverty rates in these 'Richie Rich' Illinois cities, come in just below 3%.

So what city in Illinois crushed all categories, that would be Inverness -- the wealthiest city in Illinois.

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 2021

1. Inverness

Inverness, IL

Overall SnackAbility

5
/10

Population: 7,633
Rank Last Year: 2 (Up 1)
Median Income: $192,576
Unemployment Rate: 1.5%
Poverty Rate: 1.5%
More on Inverness: Real Estate | Photos

2. Hawthorn Woods

Hawthorn Woods, IL

Overall SnackAbility

10
/10

Population: 8,402
Rank Last Year: 3 (Up 1)
Median Income: $175,795
Unemployment Rate: 1.5%
Poverty Rate: 1.4%
More on Hawthorn Woods: Real Estate | Photos

3. Winnetka

Winnetka, IL

Overall SnackAbility

10
/10

Population: 12,428
Rank Last Year: 5 (Up 2)
Median Income: $250,001
Unemployment Rate: 2.4%
Poverty Rate: 2.9%
More on Winnetka: Real Estate | Photos

4. Glencoe

Glencoe, IL

Overall SnackAbility

7
/10

Population: 8,888
Rank Last Year: 1 (Down 3)
Median Income: $248,851
Unemployment Rate: 2.6%
Poverty Rate: 2.4%
More on Glencoe: Real Estate | Photos

5. Winfield

Winfield, IL

Overall SnackAbility

7
/10

Population: 9,700
Rank Last Year: 10 (Up 5)
Median Income: $113,583
Unemployment Rate: 1.6%
Poverty Rate: 1.8%
More on Winfield: Real Estate | Photos

6. Lake Bluff

Lake Bluff, IL

Overall SnackAbility

10
/10

Population: 5,632
Rank Last Year: 4 (Down 2)
Median Income: $164,421
Unemployment Rate: 2.7%
Poverty Rate: 1.9%
More on Lake Bluff: Real Estate | Photos

7. Hinsdale

Hinsdale, IL

Overall SnackAbility

10
/10

Population: 17,710
Rank Last Year: 11 (Up 4)
Median Income: $203,368
Unemployment Rate: 2.9%
Poverty Rate: 2.2%
More on Hinsdale: Real Estate | Photos

8. Deerfield

Deerfield, IL

Overall SnackAbility

10
/10

Population: 19,006
Rank Last Year: 9 (Up 1)
Median Income: $153,431
Unemployment Rate: 2.7%
Poverty Rate: 2.8%
More on Deerfield: Real Estate | Photos

9. Northbrook

Northbrook, IL

Overall SnackAbility

10
/10

Population: 33,343
Rank Last Year: 12 (Up 3)
Median Income: $124,863
Unemployment Rate: 2.3%
Poverty Rate: 3.3%
More on Northbrook: Real Estate | Photos

10. River Forest

River Forest, IL

Overall SnackAbility

10
/10

Population: 10,970
Rank Last Year: 13 (Up 3)
Median Income: $129,928
Unemployment Rate: 2.2%
Poverty Rate: 3.6%
More on River Forest: Real Estate | Photos

How We Determined The Richest Places In Illinois For 2021

Map Of The Richest Places To Live In Illinois
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 2015-2019 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 336 places with more than 5,000 people in Illinois, we ranked each place from 1 to 336 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 2021". You can download the data here.

You can learn more about the top ten below or skip to the end to see the rankings for all 336 places.

There You Have It - The Wealthiest Places In Illinois For 2021

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

For more Illinois reading, check out:

Detailed List Of The Richest Cities In Illinois

Rank City RichScore Median Income
1 Inverness 3.67 $192,576
2 Hawthorn Woods 4.0 $175,795
3 Winnetka 13.0 $250,001
4 Glencoe 14.33 $248,851
5 Winfield 15.0 $113,583
6 Lake Bluff 16.33 $164,421
7 Hinsdale 17.67 $203,368
8 Deerfield 21.33 $153,431
9 Northbrook 22.0 $124,863
10 River Forest 22.67 $129,928
11 Western Springs 23.0 $174,760
12 Mahomet 27.33 $113,261
13 Elburn 29.67 $104,563
14 Lake Zurich 30.67 $119,349
15 Clarendon Hills 32.67 $111,958
16 Libertyville 33.67 $134,110
17 Volo 35.0 $92,500
18 Burr Ridge 35.0 $159,335
19 Shorewood 37.33 $105,938
20 Campton Hills 37.67 $154,375
21 Frankfort 37.67 $139,145
22 Barrington 39.67 $117,931
23 Park Ridge 41.0 $111,642
24 Mokena 41.67 $109,108
25 Bartlett 44.67 $108,592
26 Lake Forest 46.33 $172,165
27 Buffalo Grove 47.33 $115,951
28 Highland Park 48.33 $150,269
29 Oswego 49.33 $102,110
30 Plainfield 49.67 $130,614
31 La Grange 51.0 $123,965
32 Chatham 51.0 $88,822
33 Oak Brook 52.67 $141,055
34 Arlington Heights 54.67 $96,340
35 Wilmette 56.0 $164,681
36 St. Charles 59.33 $98,393
37 Geneva 59.67 $111,916
38 Sugar Grove 60.0 $118,638
39 Spring Grove 61.67 $123,150
40 Northfield 61.67 $148,077
41 Pingree Grove 62.0 $96,125
42 Elmhurst 63.67 $118,609
43 Lake Villa 63.67 $105,341
44 Antioch 64.33 $96,069
45 Glenview 66.0 $115,198
46 Naperville 66.33 $125,926
47 Glen Ellyn 66.67 $110,678
48 Long Grove 66.67 $214,073
49 West Dundee 67.67 $91,970
50 Itasca 68.33 $93,958
51 Washington 70.0 $76,508
52 Lemont 72.33 $99,724
53 Homer Glen 72.67 $106,818
54 Lincolnshire 72.67 $116,316
55 Hoffman Estates 73.0 $91,917
56 Roselle 74.0 $90,257
57 Johnsburg 74.67 $117,684
58 Roscoe 74.67 $92,138
59 Wheaton 74.67 $103,376
60 Morton 76.0 $77,214
61 Lake In The Hills 76.0 $92,872
62 New Lenox 77.33 $110,313
63 Columbia 78.67 $98,977
64 La Grange Park 78.67 $105,783
65 Mundelein 78.67 $93,027
66 Maryville 79.33 $82,561
67 North Aurora 79.33 $86,537
68 Huntley 80.0 $75,100
69 Channahon 80.33 $91,897
70 Darien 83.0 $96,275
71 Island Lake 83.33 $83,292
72 Orland Park 84.33 $90,345
73 Waterloo 85.0 $67,682
74 Elk Grove Village 85.67 $81,895
75 Manhattan 85.67 $102,725
76 Morton Grove 85.67 $85,360
77 Lockport 87.67 $90,475
78 Cary 87.67 $100,339
79 Lakemoor 89.0 $80,258
80 Vernon Hills 89.0 $104,199
81 Algonquin 89.67 $102,856
82 Wauconda 90.67 $81,313
83 Downers Grove 91.33 $94,893
84 Palos Heights 94.33 $89,286
85 Hampshire 94.33 $100,809
86 Lincolnwood 94.67 $95,030
87 Brookfield 96.33 $82,435
88 Norridge 97.0 $72,570
89 Troy 97.67 $71,381
90 Shiloh 99.33 $86,021
91 Woodridge 99.33 $86,094
92 O'fallon 100.33 $90,349
93 Streamwood 101.0 $80,651
94 Lindenhurst 103.0 $108,044
95 Batavia 103.67 $93,789
96 Westchester 105.33 $86,623
97 Godfrey 106.33 $73,238
98 Minooka 107.67 $92,902
99 Rolling Meadows 108.0 $74,134
100 Schaumburg 108.33 $83,096

How Is The Area In ?

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.

0 thoughts on “The 10 Richest Cities In Illinois For 2021

  1. Nice list, BUT –> You forgot ‘Lake Forest’, which to be accurate, is way pricier than 65% of the incomes made by town-dwellers on this list. Both the cost of homes, living and the paychecks made to afford them.

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