We’ve been on a excursion d’horizon in recent times with our research, inspecting quite a lot of American states and figuring out the richest towns there. Not too long ago, we now have coated a number of states of the Midwest, together with the richest towns in Ohio, Missouri, and Michigan. Now, we flip our eye on that vintage state that Abraham Lincoln ultimately known as his house state: Illinois.

We analyzed over 1,460 towns within the state in an effort to determine the richest towns in Illinois. The way in which during which we evaluated and scored each and every town’s rating is detailed underneath.

Learn on to determine what the richest town in Illinois is, plus the highest 50 wealthiest towns within the state general.

What Are the Richest Towns in Illinois?

In an effort to collect this record of the richest towns in Illinois, we sourced key monetary information from the Census Bureau’s 2022 American Neighborhood Survey. Armed with those datasets, we built a four-factor scoring device to lend a hand determine the wealthiest towns in Illinois:

• Median family revenue
• Imply (reasonable) family revenue
• Median house worth
• Median assets taxes paid

Relating to Census information, stay these items in thoughts: For positive components, the Census numbers have higher limits. For instance, for median family revenue, the Census Bureau has an higher prohibit of “$250,000+”. For median house worth, the higher prohibit is “$2,000,000+”. For median assets taxes paid, the higher prohibit is “$10,000+”. For those causes, the imply family revenue (which is equal to reasonable family revenue) dataset is a very powerful for the reason that Census Bureau has actual figures for it. All 4 of those metrics had been scored, added up, after which ranked by means of the towns’ blended rankings.

Underneath you’ll discover a desk detailing the highest 50 richest towns in Illinois and their respective greenback figures for each and every metric:

The No. 1 richest town in Illinois in our rating is Kenilworth, a village with a complete of 755 families. Kenilworth is a northern suburb of Chicago. In Kenilworth, the median family revenue exceeds $250,000, whilst its reasonable family revenue of $384,288 is the second one very best in Illinois. The reported median house worth in Kenilworth is over $1.28 million, making it some of the 3 Illinois towns with median house values in way over $1 million. For median assets taxes paid in keeping with yr, they exceed $10,000 in Kenilworth. In line with Knowledge USA, the employment breakdown is smart for any such high-income town. The highest class of occupations in Cherry Hill Villages is Control Occupations, accounting for twenty-four.3% of the group of workers. That is adopted by means of Trade & Monetary Operations Occupations, at 23.1% of the group of workers. Relating to the town’s most sensible industries, they’re Finance & Insurance coverage (23.7% of the group of workers), Skilled, Medical, & Technical Services and products (21.4% of the group of workers), and Well being Care & Social Help (11.8% of the group of workers).

The No. 2 richest town in Illinois is Winnetka, every other prosperous northern suburb of Chicago. Like No. Kenilworth, the median family revenue in Winnetka exceeds $250,000. In the meantime, the typical family revenue in Winnetka is upper than Kenilworth’s, at $417,007, making it the very best in Illinois. Relating to reported house worth, the median house worth in Winnetka is over $1.12 million, with the median assets taxes paid in keeping with yr surpassing $10,000. In line with Knowledge USA, once more like Kenilworth, Control Occupations (23.6% of the group of workers) and Trade & Monetary Operations Occupations (19.3% of the group of workers) dominate.

Coming in at No. 3 on our record of the richest towns in Illinois is Glencoe, a large suburb in Chicago’s North Shore, house to three,195 families. The median family revenue in Glencoe is $212,132, the 7th very best within the state. On the other hand, Glencoe’s reasonable family revenue of $353,638 makes it the 3rd very best in Illinois. With a reported median house worth of over $1.1 million, Glencoe has the 3rd very best median house worth within the state. This town too can pay greater than $10,000 in keeping with yr in assets taxes.