Richest Cities In Illinois For 2020


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

Editor’s Note: Data has been updated for 2020. This is our fifth time ranking the richest cities in Illinois.

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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 2020 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 2020, 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 Glencoe -- 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 2020

Glencoe, IL

Overall SnackAbility

7
/10

Population: 8,919
Rank Last Year: 2 (Up 1)
Median Income: $209,143
Unemployment Rate: 1.6%
Poverty Rate: 2.3%
More on Glencoe: Real Estate | Data | Photos

Glencoe 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.

Review Of Glencoe by HomeSnacks User

I am from Glencoe and I do NOT appreciate being called the snobbiest town in Illinois, thank you very much. I would also say that nobody else who lives here likes it either. Yes, we are a wealthy town, but there is a fine fine line between s****y and wealthy.

Plus, since the houses get more expensive as they get closer to the lake and Glencoe is right on the lake, the houses will obviously be expensive!!!! That comment that you said about the art galleries and theatres, that's just because we all like performing arts!!

Inverness, IL

Overall SnackAbility

5
/10

Population: 7,747
Rank Last Year: 1 (Down 1)
Median Income: $180,541
Unemployment Rate: 2.4%
Poverty Rate: 1.2%
More on Inverness: Real Estate | Data | Photos

Inverness is a suburban village in Cook County, Illinois, United States. The population was 7,399 at the 2010 census.

Hawthorn Woods, IL

Overall SnackAbility

10
/10

Population: 8,047
Rank Last Year: 10 (Up 7)
Median Income: $170,313
Unemployment Rate: 1.8%
Poverty Rate: 2.4%
More on Hawthorn Woods: Real Estate | Data | Photos

Hawthorn Woods is an affluent village in Fremont and Ela townships in Lake County, Illinois, United States. The population was 7,663 at the 2010 census. The village is located approximately 40 miles northwest of downtown Chicago. It was officially incorporated in 1958. Major transportation arteries include Midlothian Road, Old McHenry Road, Gilmer Road, and the Elgin, Joliet and Eastern Railway. The new Hawthorn Woods Country Club, whose golf course was designed by golf professional Arnold Palmer, is located within the village's perimeter.

Lake Bluff, IL

Overall SnackAbility

10
/10

Population: 5,612
Rank Last Year: 4 (No Change)
Median Income: $162,109
Unemployment Rate: 2.8%
Poverty Rate: 1.7%
More on Lake Bluff: Real Estate | Data | Photos

Lake Bluff is a village in Shields Township, Lake County, Illinois, United States. The population was 7,469 as of 2015.

Winnetka, IL

Overall SnackAbility

10
/10

Population: 12,481
Rank Last Year: 3 (Down 2)
Median Income: $220,577
Unemployment Rate: 2.4%
Poverty Rate: 2.8%
More on Winnetka: Real Estate | Data | Photos

Winnetka 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.

Western Springs, IL

Overall SnackAbility

10
/10

Population: 13,227
Rank Last Year: 5 (Down 1)
Median Income: $161,563
Unemployment Rate: 2.4%
Poverty Rate: 3.2%
More on Western Springs: Real Estate | Data | Photos

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.

Review Of Western Springs by HomeSnacks User

Their is no crime in that town and the neighborhood is nice. Their are a lot of things to do in that town and have a nice ice cream shop called Oberweis Dairy. Their are also Metra trains their too.

Spring Rock Park is a nice park with baseball fields and a hockey rink. Oberweis Dairy has good ice cream.

Mahomet, IL

Overall SnackAbility

9.5
/10

Population: 8,327
Rank Last Year: 28 (Up 21)
Median Income: $115,619
Unemployment Rate: 2.8%
Poverty Rate: 2.2%
More on Mahomet: Real Estate | Data | Photos

Mahomet is a town in Champaign County, Illinois, United States. The population was 7,258 at the 2010 census. Mahomet is located approximately ten miles west of Champaign at the junction of Interstate 74 and IL 47.

Oak Brook, IL

Overall SnackAbility

9
/10

Population: 8,122
Rank Last Year: 12 (Up 4)
Median Income: $137,059
Unemployment Rate: 2.9%
Poverty Rate: 2.7%
More on Oak Brook: Real Estate | Data | Photos

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, Ace Hardware, Blistex, Federal Signal, CenterPoint Properties, Sanford L.P., TreeHouse Foods, and Lions Clubs International.

Deerfield, IL

Overall SnackAbility

10
/10

Population: 18,930
Rank Last Year: 6 (Down 3)
Median Income: $144,229
Unemployment Rate: 2.9%
Poverty Rate: 2.7%
More on Deerfield: Real Estate | Data | Photos

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.

Winfield, IL

Overall SnackAbility

7
/10

Population: 9,708
Rank Last Year: 17 (Up 7)
Median Income: $107,216
Unemployment Rate: 2.3%
Poverty Rate: 2.4%
More on Winfield: Real Estate | Data | Photos

Winfield is an incorporated village located in Milton and Winfield Townships, DuPage County, Illinois, United States. The population was 8,718 at the 2000 census and as of 2016 the population was 9,492.

How We Determined The Richest Places In Illinois For 2020

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 2014-2018 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 335 places with more than 5,000 people in Illinois, we ranked each place from 1 to 335 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, Glencoe, crowned the "Richest City In Illinois For 2020". 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 335 places.

There You Have It - The Wealthiest Places In Illinois For 2020

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: East St. Louis
3rd Poorest: Riverdale

For more Illinois reading, check out:

Detailed List Of The Richest Cities In Illinois

Rank City RichScore Median Income
1 Glencoe 5.0 $209,143
2 Inverness 7.0 $180,541
3 Hawthorn Woods 8.67 $170,313
4 Lake Bluff 12.33 $162,109
5 Winnetka 13.0 $220,577
6 Western Springs 18.33 $161,563
7 Mahomet 19.67 $115,619
8 Oak Brook 20.67 $137,059
9 Deerfield 21.33 $144,229
10 Winfield 22.0 $107,216
11 Hinsdale 22.67 $188,684
12 Northbrook 24.0 $123,457
13 River Forest 24.33 $121,908
14 Campton Hills 27.67 $139,500
15 Spring Grove 28.33 $112,143
16 Libertyville 29.33 $130,732
17 Barrington 30.33 $115,833
18 Clarendon Hills 31.0 $126,500
19 Elburn 32.0 $108,500
20 Oswego 35.0 $103,352
21 Burr Ridge 38.0 $144,609
22 Mokena 39.33 $106,291
23 Plainfield 40.33 $126,127
24 Johnsburg 42.33 $114,344
25 La Grange 42.67 $121,425
26 Geneva 46.67 $111,232
27 Long Grove 47.67 $208,250
28 Lake Zurich 49.0 $114,545
29 Wilmette 49.0 $154,738
30 Glenview 49.33 $110,402
31 Park Ridge 49.33 $102,416
32 Highland Park 49.67 $147,962
33 Elmhurst 51.0 $113,207
34 Itasca 53.33 $88,878
35 Chatham 55.33 $84,749
36 Lake Forest 56.0 $167,404
37 Shorewood 56.33 $102,730
38 Homer Glen 57.67 $103,048
39 Lake In The Hills 57.67 $90,984
40 Orland Park 58.67 $88,585
41 St. Charles 58.67 $96,197
42 Morton 59.0 $77,011
43 Arlington Heights 59.67 $90,835
44 Buffalo Grove 59.67 $111,435
45 Glen Ellyn 60.33 $110,669
46 Sugar Grove 62.0 $115,063
47 Naperville 62.33 $118,187
48 Lincolnshire 63.0 $114,826
49 Roselle 64.0 $85,070
50 Bartlett 64.33 $105,245
51 Lemont 66.0 $95,221
52 Winthrop Harbor 66.0 $87,337
53 Vernon Hills 67.0 $97,366
54 Wheaton 68.67 $98,544
55 Hoffman Estates 70.33 $89,666
56 Northfield 71.0 $120,125
57 Huntley 71.33 $75,597
58 New Lenox 72.33 $108,638
59 Lake Villa 73.67 $107,681
60 La Grange Park 73.67 $95,466
61 Antioch 74.33 $87,604
62 Lakemoor 75.0 $81,847
63 Lake Barrington 75.0 $108,125
64 Washington 76.33 $72,523
65 West Dundee 76.33 $86,543
66 Frankfort 76.67 $128,309
67 Waterloo 78.0 $68,911
68 Pingree Grove 80.33 $91,042
69 Roscoe 83.0 $86,116
70 Mundelein 84.33 $91,035
71 Gilberts 85.0 $104,114
72 Cary 85.67 $99,652
73 Gurnee 86.0 $93,967
74 Columbia 86.33 $95,354
75 Morton Grove 86.67 $85,476
76 Elk Grove Village 88.0 $79,680
77 Lockport 89.0 $84,147
78 Manhattan 90.33 $91,429
79 Algonquin 91.67 $104,532
80 Shiloh 93.33 $80,271
81 Crystal Lake 95.33 $87,221
82 Stickney 96.0 $59,467
83 Palos Heights 96.67 $85,481
84 Schaumburg 96.67 $79,740
85 Darien 97.0 $90,904
86 Woodridge 97.33 $85,192
87 Downers Grove 98.0 $88,105
88 Island Lake 98.33 $77,129
89 Bloomingdale 99.0 $85,105
90 Troy 100.67 $69,775
91 Godfrey 101.67 $69,192
92 Westchester 102.67 $80,412
93 Wauconda 103.33 $78,938
94 Batavia 103.67 $92,522
95 Lombard 104.0 $79,684
96 South Elgin 104.0 $93,617
97 Lindenhurst 105.0 $102,426
98 Sandwich 105.0 $66,707
99 Mount Prospect 106.0 $73,652
100 Montgomery 106.67 $86,407

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 “Richest Cities In Illinois For 2020

  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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