11 Richest Suburbs of Chicago

By: ROS Team

Chicago is a great city to live in but can also be expensive. If you’re looking for a more affordable option, consider one of the many wealthy suburbs that surround the city. Here are 11 of the richest suburbs of Chicago.

Richest Chicago Suburbs

1. Winnetka

Median Household Income: $311,902

Winnetka, a picturesque town nestled along the North Shore of Lake Michigan, exudes charm and elegance. Known for its opulent real estate offerings, this idyllic enclave is home to some of the most sought-after properties in the entire Chicago region.

In addition to its luxurious residences, Winnetka boasts exceptional educational institutions. Winnetka is also a popular destination for celebrities and other high-profile individuals.

2. Glencoe

Median Household Income: $299,925

Glencoe, located on Lake Michigan’s North Shore, is a picturesque suburb renowned for its affluence. This charming area boasts stunning beaches, upscale dining establishments, and a thriving arts scene.

Glencoe is also home to the Ravinia Festival, one of the premier summer music festivals in the country.

3. Hinsdale

Median Household Income: $289,500

Hinsdale, a suburb situated west of Chicago, is renowned for its exceptional schools, secure neighborhoods, and abundance of parks and recreational spaces. Additionally, Hinsdale takes pride in housing the highly acclaimed Hinsdale Central High School, which holds an esteemed position among Illinois’ top-ranked educational institutions.

4. Burr Ridge

Median Household Income: $285,450

Burr Ridge, a suburb southwest of Chicago, offers a delightful blend of attractions. Renowned for its upscale shopping options and award-winning golf courses, it is truly a place for everyone. Families can relish in the friendly atmosphere that pervades the community. Notably, Burr Ridge boasts one of the largest zoos in the country – Brookfield Zoo.

5. Lake Forest

Median Household Income: $282,500

The suburb of Lake Forest, situated north of Chicago, boasts a picturesque lakefront location, an inviting downtown area, and prestigious educational institutions. Among its notable establishments is Lake Forest College – a renowned private liberal arts college.

6. Wilmette

Median Household Income: $275,000

Wilmette, a suburb situated north of Chicago, boasts a vibrant arts scene, renowned schools, and close proximity to the majestic Lake Michigan. Additionally, it houses the illustrious Wilmette Theatre – a historic venue that showcases an array of captivating performances throughout the year.

7. Highland Park

Median Household Income: $271,500

Highland Park is one of the richest neighborhoods in Chicago and boasts stunning beaches, a quaint downtown area, and exceptional schools. It is also revered as the host city for the renowned Ravinia Festival, an esteemed summer music extravaganza in the United States.

8. Northbrook

Median Household Income: $269,000

Northbrook, a suburb situated north of Chicago, boasts an esteemed reputation for its sophisticated retail establishments, acclaimed golf courses, and welcoming environment suitable for families. Notably, Northbrook is prominently recognized as the home to Northbrook Court, a sprawling shopping complex that ranks among the largest in the {Chicago area.

9. Kenilworth

Median Household Income: $266,500

Stands at number nine in our list of richest suburbs of Chicago is Kenilworth. The suburb is renowned for its stunning homes, top-notch schools, and affluent residents. Moreover, it boasts the historic Kenilworth Club, a private country club that has gracefully stood since 1896.

10. Oak Brook

Median Household Income: $265,000

Oak Brook, a suburb situated to the west of Chicago, boasts an array of appealing features. Renowned for its upscale shopping destinations, award-winning golf courses, and the presence of numerous corporate headquarters, Oak Brook doesn’t fall short on delivering a delightful experience.

What sets Oak Brook apart is its exceptional education system. The Oak Brook School District 5 consistently secures a position among the top 10 school districts in Illinois, making it one of the finest choices for families seeking quality public education in the Chicago area.

11. Long Grove

Median Household Income: $263,500

Long Grove, located north of Chicago, rounds up our list of the richest suburbs of Chicago. This charming location is renowned for its delightful downtown area, quaint shops, and award-winning restaurants. Long Grove boasts Cantigny Park, a sprawling 500-acre park that showcases a museum, beautiful gardens, and an arboretum.

What Is The Wealthiest Chicago Suburb?

Winnetka is the wealthiest Chicago suburb, with a median household income of $311,902. It is located on Lake Michigan’s North Shore, about 22 miles from Downtown Chicago. Winnetka is known for its beautiful homes, excellent schools, and affluent residents. It is also a popular destination for celebrities and other high-profile individuals.

Richest Suburbs of Chicago: Takeaway

These are just a few of the many wealthy suburbs that surround Chicago. If you’re looking for a luxurious and high-end place to live in the Chicago area, then one of these suburbs is a great option. However, it’s important to keep in mind that the cost of living in these areas is also very high.