Illinois is one of the most economically diverse states in the country. As such, each city has its own vibrant character and history. Some cities were founded as early as 1833 by hardworking farmers and homesteaders who settled for a better life for their families.
Other cities grew from small villages to become bustling metropolitan areas that offer residents easy access to Chicago or Springfield. Illinois is home to some of the wealthiest cities in the U.S., with a handful of places boasting median incomes well above $100,000.
If you’re looking to move your family to the wealthiest cities in Illinois, check out our list below.
The 10 Richest Cities in Illinois
If you’re looking to move to a city that has a strong economy, you can’t go wrong with Illinois. The state has cities and towns with booming economies and low unemployment rates.
A strong economy is a sign that people have good jobs, which lets them pay for the basics of life and more.
If you’re looking for a career change or have your sights set on moving to Illinois, these are some of the best places to live in the state.
1. Winnetka – Median Household Income of $250,001
Winnetka is one of the wealthiest cities in Illinois with a median income of $250,001. This small town offers so many fun, family-friendly activities all year round that it’s easy to see why homes here sell for an average of $1.09M.
Which is nearly four times the average home sale price in the entire state of Illinois. With that kind of wealth around, shopping can get pretty high-end. Luckily for budget shoppers, though, the Chicago suburb is also home to some great thrift stores.
For families looking to buy a home together and be near Chicago, Winnetka is the perfect option. Located less than 20 miles from downtown Chicago, it’s close enough to enjoy all that the big city has to offer but far enough away to have a more peaceful suburban lifestyle.
Related: The 10 Wealthiest Cities In Ohio
2. Kenilworth – Median Household Income of $227,404
Kenilworth is one of the wealthiest cities in Illinois with a population of 2,460 people. Kenilworth is in Cook County and is one of the best places to live in Illinois.
Living in Kenilworth offers residents a rural feel and most residents own their homes. In Kenilworth, there are a lot of restaurants, coffee shops, and parks. Many young professionals live in Kenilworth and residents tend to lean conservative.
The public schools in Kenilworth are highly rated. The median home value in Kenilworth is $1.12M, making it one of the most expensive places to live in Illinois as well as the entire country.
3. Glencoe – Median Household Income of $248,851
Glencoe is an affluent North Shore suburb of Chicago located on Chicago’s North Shore. It is one of the wealthiest cities in Illinois with a population of more than 8,800. The city’s per capita income is $133,746.
According to US Census Bureau statistics, Glencoe has one of the highest median incomes in the country at $248,851, with 89% of its residents over 25 having graduated from college.
About 10% of the Glencoe households earn more than $400,000 per year. It is located on Lake Michigan and is home to lakefront parks and beaches.
Most of Glencoe’s businesses are located along Green Bay Road (US-41), which runs through town and into neighboring Winnetka to the north.
4. Inverness – Median Household Income of $192,576
Inverness is one of the wealthiest cities in Illinois with a median household income of $192,576 according to data provided by the U.S. Census Bureau.
That’s well above the national average and means that many home buyers are looking for real estate in Inverness. Few cities in the United States can compare with Inverness in terms of looks and natural wonders.
The diverse landscape is filled with rolling hills, gorgeous lakes, and trees that cover much of the city. It also has a population of just over 7,633 people, many of whom are quite wealthy.
Many people moving to Inverness do so because they want to live on a large piece of land. The city is known for its beautiful lots filled with mature trees and plenty of space to roam outdoors.
5. Barrington Hills – Median Household Income of $112,794
Barrington Hills is one of the wealthiest cities in Illinois with a median household income of over $112,794. The village’s residents hold high-powered business positions and often commute to Chicago for work.
Zillow reports that the median home value in Barrington is currently $500K. The village has been featured in several television shows and movies, including the movie Home Alone.
Barrington Hills is home to a number of golf courses and country clubs that are open to both residents and visitors.
There are three public golf courses within the village limits: Makray Memorial Golf Club, The Park at Barrington Countryside, and Woodfield Hunt Club.
Related: 10 Wealthiest Cities In Texas
6. Lake Forest – Median Household Income of $189,118
Lake Forest is one of the wealthiest cities in Illinois with a per capita income of $98,058 the and median household income is $189,118.
It is ranked in the top 1% of wealthiest cities in the United States and one of the most affluent places in America. Lake Forest has a city population of 19,173 people as of the 2019 census.
The Lake Forest City Commission on Government Structure recently completed a resident survey to identify community needs and priorities for future development within Lake Forest.
7. Oak Brook – Median Household Income of $140,743
Oak Brook is one of the wealthiest cities in Illinois with a per capita income of $79,838, according to the 2010 U.S. Census Bureau data.
The village is home to a number of corporate headquarters, including McDonald’s and Ace Hardware. The western suburb, bordered by Hinsdale and Elmhurst, also features some of the most expensive homes in the state.
But those with a more modest budget can still find affordable homes in the area.
8. North Barrington – Median Household Income of $146,251
North Barrington is one of the wealthiest cities in Illinois with a median income of $146,251. The city’s high median income and large population growth are due to the many affluent families that have moved to the area over the last decade.
North Barrington is located approximately 35 miles northwest of Chicago. It has a population of about 2,982 people, making it one of the smallest towns in Lake County.
It also has one of the highest median incomes at $146,251 per household. Further, North Barrington has grown significantly over the last ten years by nearly 60% since 2010.
The city’s residents are among the most active in the country, with an average of 17.1 fitness-related activities per week. It appears on multiple lists of top suburbs to live in, and its four-bedroom homes are regularly listed for more than $1 million.
9. South Barrington – Median Household Income of $138,828
The village has a population of 4,847, according to the 2019 census. South Barrington has a number of upscale shopping centers, including the Arboretum of South Barrington, which opened in September 2009.
The Arboretum has more than 100 stores and restaurants, including a movie theater and Bass Pro Shop. In addition, it is rated the top place to live in Illinois. South Barrington is a city where convenience is at its best.
The city is located in the heart of the best dining and shopping areas and is just 20 minutes from O’Hare International Airport.
10. Highland Park – Median Household Income of $218,611
Highland Park is one of the wealthiest cities in Illinois with a median household income of $218,611, according to the United States Census Bureau.
It’s also considered one of the best places to raise a family and live. Highland Park is home to Ravinia Festival, the oldest outdoor music festival in North America, which hosts many musical acts during different summer months.
The Town Center shopping district offers more than 50 restaurants, shops, and galleries. The city has five public beaches and two public boat launches along Lake Michigan which makes it easy to enjoy outdoor activities.
Highland Park is conveniently located next to Chicago, so residents can easily commute to the city.
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