The 10 Richest Cities In Illinois For 2022


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 2022 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 2022, 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 2022:

  1. Inverness
  2. Winfield
  3. Hinsdale
  4. Hawthorn Woods
  5. Western Springs
  6. Lake Bluff
  7. Long Grove
  8. Northbrook
  9. Volo
  10. Mahomet

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 2022

1. Inverness

Inverness, IL

Overall SnackAbility

10
/10

Population: 7,959
Rank Last Year: 1 (No Change)
Median Income: $185,558
Unemployment Rate: 1.3%
Poverty Rate: 2.6%
More on Inverness: Real Estate | Photos

2. Winfield

Winfield, IL

Overall SnackAbility

7
/10

Population: 9,683
Rank Last Year: 5 (Up 3)
Median Income: $125,481
Unemployment Rate: 1.4%
Poverty Rate: 1.4%
More on Winfield: Real Estate | Photos

3. Hinsdale

Hinsdale, IL

Overall SnackAbility

10
/10

Population: 17,366
Rank Last Year: 7 (Up 4)
Median Income: $206,701
Unemployment Rate: 2.9%
Poverty Rate: 1.9%
More on Hinsdale: Real Estate | Photos

4. Hawthorn Woods

Hawthorn Woods, IL

Overall SnackAbility

10
/10

Population: 8,313
Rank Last Year: 2 (Down 2)
Median Income: $206,875
Unemployment Rate: 3.0%
Poverty Rate: 1.5%
More on Hawthorn Woods: Real Estate | Photos

5. Western Springs

Western Springs, IL

Overall SnackAbility

10
/10

Population: 13,247
Rank Last Year: 11 (Up 6)
Median Income: $184,412
Unemployment Rate: 2.6%
Poverty Rate: 3.0%
More on Western Springs: Real Estate | Photos

6. Lake Bluff

Lake Bluff, IL

Overall SnackAbility

10
/10

Population: 5,540
Rank Last Year: 6 (No Change)
Median Income: $174,444
Unemployment Rate: 2.5%
Poverty Rate: 3.2%
More on Lake Bluff: Real Estate | Photos

7. Long Grove

Long Grove, IL

Overall SnackAbility

7
/10

Population: 7,907
Rank Last Year: 48 (Up 41)
Median Income: $207,188
Unemployment Rate: 3.1%
Poverty Rate: 2.0%
More on Long Grove: Real Estate | Photos

8. Northbrook

Northbrook, IL

Overall SnackAbility

10
/10

Population: 33,216
Rank Last Year: 9 (Up 1)
Median Income: $128,883
Unemployment Rate: 2.1%
Poverty Rate: 3.3%
More on Northbrook: Real Estate | Photos

9. Volo

Overall SnackAbility

6
/10

Population: 5,498
Rank Last Year: 17 (Up 8)
Median Income: $103,264
Unemployment Rate: 1.7%
Poverty Rate: 1.3%
More on Volo: Real Estate

10. Mahomet

Mahomet, IL

Overall SnackAbility

9.5
/10

Population: 8,888
Rank Last Year: 12 (Up 2)
Median Income: $113,871
Unemployment Rate: 2.4%
Poverty Rate: 2.2%
More on Mahomet: Real Estate | Photos

Methodology: How We Determined The Richest Places In Illinois For 2022

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 2016-2020 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 2022”. 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 2022

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: West Frankfort
2nd Poorest: Harvey
3rd Poorest: East St. Louis

For more Illinois reading, check out:

Detailed List Of The Richest Cities In Illinois

Rank City RichScore Median Income
1 Inverness 9.33 $185,558
2 Winfield 11.67 $125,481
3 Hinsdale 18.67 $206,701
4 Hawthorn Woods 19.67 $206,875
5 Western Springs 20.67 $184,412
6 Lake Bluff 21.0 $174,444
7 Long Grove 22.0 $207,188
8 Northbrook 22.67 $128,883
9 Volo 22.67 $103,264
10 Mahomet 23.67 $113,871
11 Glencoe 24.0 $195,600
12 Libertyville 24.0 $150,580
13 Winnetka 27.67 $250,001
14 Deerfield 28.67 $162,064
15 Burr Ridge 31.0 $151,900
16 Lake Forest 32.0 $189,118
17 Gilberts 35.33 $96,420
18 Oswego 36.0 $97,330
19 La Grange 37.33 $122,629
20 Lincolnshire 39.33 $130,076
21 Geneva 39.33 $116,083
22 Frankfort 39.67 $140,731
23 Chatham 42.0 $96,655
24 New Lenox 43.0 $115,327
25 Columbia 45.67 $107,500
26 Plainfield 46.67 $131,241
27 Bartlett 48.67 $109,980
28 Park Ridge 49.0 $113,809
29 Itasca 49.33 $99,706
30 Wilmette 50.0 $161,765
31 Barrington 50.67 $112,794
32 Mokena 50.67 $109,935
33 West Dundee 52.33 $95,707
34 Glenview 54.0 $118,019
35 Buffalo Grove 54.33 $117,921
36 Elburn 55.67 $95,717
37 Northfield 56.33 $143,661
38 River Forest 56.33 $125,288
39 Lake Zurich 59.33 $113,467
40 Sugar Grove 60.33 $110,607
41 Wauconda 62.33 $90,019
42 Roscoe 63.67 $98,750
43 Naperville 67.67 $127,648
44 La Grange Park 67.67 $107,945
45 Minooka 68.67 $97,097
46 Highland Park 69.67 $147,067
47 Arlington Heights 70.67 $100,221
48 Morton 71.33 $78,979
49 Clarendon Hills 72.0 $103,486
50 Lemont 72.33 $114,509
51 O’fallon 73.67 $90,432
52 Elmhurst 74.33 $123,869
53 Hampshire 74.67 $99,635
54 St. Charles 75.67 $102,414
55 Hoffman Estates 76.0 $92,423
56 Glen Ellyn 77.33 $118,208
57 Cary 77.67 $105,344
58 Vernon Hills 78.67 $100,725
59 Washington 79.33 $78,608
60 Lakemoor 81.0 $80,966
61 Pingree Grove 83.0 $89,683
62 Batavia 83.67 $97,995
63 Rockton 84.67 $94,109
64 Willowbrook 84.67 $86,364
65 Wheaton 84.67 $105,764
66 Riverside 85.0 $120,336
67 Shorewood 85.67 $106,341
68 Willow Springs 85.67 $98,664
69 Mundelein 86.0 $91,535
70 Brookfield 86.67 $84,891
71 Manhattan 87.33 $105,726
72 Waterloo 89.33 $71,207
73 Swansea 89.33 $81,625
74 Morton Grove 89.67 $87,063
75 Homer Glen 89.67 $108,783
76 Campton Hills 90.33 $173,503
77 Woodridge 90.67 $88,803
78 Montgomery 91.33 $99,208
79 Downers Grove 91.33 $97,197
80 Shiloh 91.67 $87,076
81 Palos Heights 92.0 $90,995
82 Lake In The Hills 92.67 $96,470
83 Yorkville 94.33 $101,245
84 Huntley 95.0 $77,420
85 Elk Grove Village 95.0 $85,240
86 Evergreen Park 96.0 $79,396
87 Orland Park 96.33 $84,676
88 Mount Prospect 99.33 $84,353
89 Lockport 99.33 $87,817
90 Monee 99.67 $76,638
91 Troy 101.0 $76,672
92 Schaumburg 102.33 $82,387
93 Bloomingdale 104.0 $87,397
94 Lombard 104.67 $86,167
95 South Elgin 105.67 $99,189
96 Darien 106.0 $100,771
97 Sandwich 106.0 $70,563
98 Monticello 106.33 $76,667
99 Algonquin 106.67 $109,819
100 Oak Forest 106.67 $78,865

How Is The Area In ?

Editor’s Note: Data has been updated for 2022. This is our ninth 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.