The 10 Richest Cities In Illinois For 2023


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

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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 2023 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 2023, grab a slice of deep dish pizza, a nice quiet spot on Lake Michigan, and take a look at the list below.

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 Hinsdale — 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 2023

1. Hinsdale

Hinsdale, IL

Overall SnackAbility

10
/10

Population: 17,148
Rank Last Year: 3 (Up 2)
Median Income: $224,185
Unemployment Rate: 2.2%
Poverty Rate: 1.6%
More on Hinsdale: Real Estate | Photos

2. Inverness

Inverness, IL

Overall SnackAbility

7.5
/10

Population: 7,684
Rank Last Year: 1 (Down 1)
Median Income: $190,458
Unemployment Rate: 2.3%
Poverty Rate: 2.4%
More on Inverness: Real Estate | Photos

3. Mahomet

Mahomet, IL

Overall SnackAbility

9.5
/10

Population: 9,297
Rank Last Year: 10 (Up 7)
Median Income: $122,386
Unemployment Rate: 1.4%
Poverty Rate: 2.1%
More on Mahomet: Real Estate | Photos

4. South Barrington

Overall SnackAbility

10
/10

Population: 5,012
Rank Last Year:
Median Income: $198,388
Unemployment Rate: 3.0%
Poverty Rate: 2.0%
More on South Barrington: Real Estate

5. Western Springs

Western Springs, IL

Overall SnackAbility

10
/10

Population: 13,550
Rank Last Year: 5 (No Change)
Median Income: $196,638
Unemployment Rate: 2.8%
Poverty Rate: 2.3%
More on Western Springs: Real Estate | Photos

6. Lake Bluff

Lake Bluff, IL

Overall SnackAbility

10
/10

Population: 5,878
Rank Last Year: 6 (No Change)
Median Income: $173,667
Unemployment Rate: 2.8%
Poverty Rate: 2.8%
More on Lake Bluff: Real Estate | Photos

7. Geneva

Geneva, IL

Overall SnackAbility

10
/10

Population: 21,472
Rank Last Year: 21 (Up 14)
Median Income: $126,759
Unemployment Rate: 2.7%
Poverty Rate: 2.4%
More on Geneva: Real Estate | Photos

8. Libertyville

Libertyville, IL

Overall SnackAbility

10
/10

Population: 20,616
Rank Last Year: 12 (Up 4)
Median Income: $153,674
Unemployment Rate: 2.9%
Poverty Rate: 2.8%
More on Libertyville: Real Estate | Photos

9. Long Grove

Long Grove, IL

Overall SnackAbility

7
/10

Population: 8,258
Rank Last Year: 7 (Down 2)
Median Income: $207,275
Unemployment Rate: 3.6%
Poverty Rate: 1.6%
More on Long Grove: Real Estate | Photos

10. Northbrook

Northbrook, IL

Overall SnackAbility

10
/10

Population: 35,108
Rank Last Year: 8 (Down 2)
Median Income: $143,506
Unemployment Rate: 2.7%
Poverty Rate: 3.5%
More on Northbrook: Real Estate | Photos

Methodology: How We Determined The Richest Places In Illinois For 2023

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 2017-2021 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, Hinsdale, crowned the “Richest City In Illinois For 2023”. 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 332 places.

Summary: The Wealthiest Places In Illinois For 2023

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

For more Illinois reading, check out:

Detailed List Of The Richest Cities In Illinois

Rank City RichScore Median Income
1 Hinsdale 8.33 $224,185
2 Inverness 15.33 $190,458
3 Mahomet 16.67 $122,386
4 South Barrington 18.67 $198,388
5 Western Springs 19.33 $196,638
6 Lake Bluff 23.33 $173,667
7 Geneva 25.67 $126,759
8 Libertyville 27.0 $153,674
9 Long Grove 29.0 $207,275
10 Northbrook 29.0 $143,506
11 Lincolnshire 29.67 $144,676
12 Deerfield 32.0 $168,568
13 Winnetka 32.0 $250,001
14 Hawthorn Woods 32.33 $213,605
15 Oswego 33.0 $106,790
16 Lake Forest 33.33 $194,267
17 Volo 35.0 $109,778
18 Gilberts 40.0 $101,298
19 Bartlett 43.0 $114,121
20 Itasca 43.5 $109,146
21 La Grange 44.67 $124,292
22 Highland Park 45.33 $153,226
23 Glencoe 46.33 $212,132
24 New Lenox 47.0 $118,817
25 Barrington 48.0 $126,250
26 Columbia 49.0 $102,107
27 Lake Zurich 49.67 $118,139
28 Park Ridge 50.33 $124,535
29 Winfield 54.0 $131,218
30 Sugar Grove 54.33 $109,331
31 Wauconda 55.0 $102,750
32 Northfield 55.0 $160,331
33 Frankfort 55.67 $145,645
34 Wilmette 56.67 $173,967
35 Buffalo Grove 57.0 $121,212
36 Roscoe 59.67 $101,250
37 Glenview 60.33 $123,771
38 Manhattan 60.67 $112,706
39 Burr Ridge 62.0 $148,214
40 Mokena 62.67 $114,455
41 Campton Hills 63.0 $183,050
42 Plainfield 64.33 $134,814
43 Riverside 64.33 $128,808
44 Arlington Heights 64.67 $106,996
45 Hampshire 66.33 $97,927
46 Batavia 66.83 $109,146
47 Pingree Grove 67.33 $98,299
48 Chatham 68.33 $95,310
49 Willowbrook 69.0 $92,202
50 St. Charles 69.33 $106,069
51 Naperville 70.0 $135,772
52 Yorkville 70.67 $105,129
53 Lemont 71.33 $119,750
54 Elburn 74.33 $99,877
55 Vernon Hills 75.33 $107,938
56 O’fallon 75.67 $96,698
57 Shorewood 76.0 $111,560
58 Clarendon Hills 77.0 $107,375
59 South Elgin 78.33 $112,115
60 Washington 80.33 $79,384
61 Lakemoor 80.67 $90,000
62 Rockton 81.33 $103,397
63 Mundelein 81.67 $96,993
64 Brookfield 82.67 $90,083
65 Manteno 83.67 $83,625
66 Morton 84.0 $81,792
67 Glen Ellyn 84.33 $124,754
68 West Dundee 84.33 $99,734
69 Wheaton 85.67 $108,737
70 River Forest 86.0 $129,263
71 Homer Glen 86.67 $120,306
72 La Grange Park 87.0 $102,034
73 Monticello 87.33 $83,878
74 Minooka 88.67 $105,905
75 Lake In The Hills 89.67 $102,106
76 Waterloo 89.67 $79,107
77 Hoffman Estates 89.83 $96,274
78 Elmhurst 90.0 $128,355
79 Darien 91.33 $104,226
80 Evergreen Park 92.67 $85,328
81 Mount Prospect 93.0 $92,477
82 Downers Grove 95.0 $105,217
83 Westchester 95.17 $94,151
84 Woodridge 95.33 $91,399
85 Lake Villa 99.33 $115,598
86 Palos Heights 100.0 $101,037
87 Mount Zion 100.67 $90,823
88 Elk Grove Village 101.33 $89,187
89 Monee 101.33 $79,013
90 Villa Park 102.0 $85,173
91 Willow Springs 102.33 $98,860
92 Huntley 102.67 $76,612
93 Shiloh 103.0 $86,292
94 Algonquin 104.33 $115,346
95 Godfrey 104.67 $80,560
96 Morton Grove 105.33 $91,389
97 Oak Forest 105.33 $81,288
98 Coal City 106.0 $77,636
99 Spring Grove 106.0 $131,735
100 Cary 106.33 $106,940

How Is The Area In ?

Editor’s Note: Data has been updated for 2023. This is our tenth time ranking the richest cities in Illinois.

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.