Richest Cities in Wisconsin

12 Richest Cities in Wisconsin (2023)

Wisconsin is often associated with agriculture, dairy, and sports, but Wisconsin is also home to many affluent cities and towns. Below, we will take a closer look at the richest cities in Wisconsin. We also included some of the wealthiest towns in Wisconsin.

The rankings are based on both income and home prices.

Madison, WI

The information presented in this article are based on data from the US Census American Community Survey and residential housing market data. The median sales price is the average residential sales data for 12 month period ending June 2023.

Note: We realize we are using the terms “town” and “city”  loosely since some of these towns and cities are actually villages. 

Richest Cities in Wisconsin

1. River Hills

River Hills is the richest city in Wisconsin with an impressive mean income of $283,369 and a median home price of $847,367.

Suburban Home mansion

It’s a wealthy suburban village located in Milwaukee County, Wisconsin, and is known for its large residential estates of over 3 acres. 

The famous Lynden Sculpture Garden which has over 50 monumental sculptures spread across 40 acres of park and lake is situated in River Hills.  

The population of River Hills is 1,602, with 22.7% of the population being under 18 years old and 26.5% being seniors. 

96.9% of River Hills homes are owner-occupied. The upscale village is known for its top-rated school district. 

Mean Income$283,369.00
Median Home Price$847,367

Check out the Richest Suburbs of Madison

2. Shorewood Hills

Shorewood Hills is the second richest city in Wisconsin with a mean income of $223,377. It is the most expensive place to buy a house in Wisconsin with a median home price of $1,034,025.

Suburban Home

Shorewood Hills is a wealthy village in Dane County, Wisconsin, situated by Lake Mendota and known for its wooded rolling hills and majestic lakefront properties. 

Blackhawk Country Club in Shorewood Hills has a beautiful 18-hole golf course with exceptional dining facilities. 

The population of Shorewood Hills is 2,169, with 25% of its residents under 18 years old and 18.9% seniors. 

Shorewood Hills has 59.4% of homes being owner-occupied and the rent in Shorewood Hills is $1,787. 

The upscale town’s residents are well-educated with 92% of its residents holding a Bachelor’s degree or higher.

It is also known for its top-rated elementary school. 

Mean Income$223,377.00
Median Home Price$1,034,025

3. Maple Bluff

Maple Bluff is one of the richest suburbs of Madison with a median home price of $840,444 and a mean income of $258,109. 

Suburban Home

The affluent village is located in Dane County, Wisconsin, nestled by the shores of Lake Mendota. 

It is known for its luxurious lakeside homes (some over 10,000 sq ft) and country club-like atmosphere.  

The population of Maple Bluff is 1,368, with 21.8% of the residents under 18 years of age and 26.5% being seniors. 

Maple Bluff has a high percentage (93.7%) of owner-occupied homes. The average rent in Maple Bluff is $1,167. 

The upscale village residents are well educated with 80.1% of its residents holding a Bachelor’s degree or higher. 

Maple Bluff is known for its top-ranked elementary school. 

It’s conveniently located only 15 minutes from Madison, Wisconsin. 

Mean Income$258,109.00
Median Home Price$840,444

4. Fox Point

Fox Point is one of the richest suburbs of Milwaukee with a mean income of $216,834. 

Suburban Home

It is located along the shore of Lake Michigan and is characterized by its tree-lined streets and numerous green spaces and parks.  

Fox Point is also known for its magnificent waterfront homes on large estates. It has a median home price of $483,115. 

The population of Fox Point is 6,934, with 6.7% of the population being persons under 5 years old, 24% being children under 18 years old, and 21.3% being seniors. 

Fox Point is 80% owner-occupied. The city has a high percentage of residents with a Bachelor’s degree or higher, at 76.8% and is also known for its top-rated Fox Point-Bayside school district. The commute time from Fox Point to Milwaukee averages around 18 minutes. 

Mean Income$216,834.00
Median Home Price$483,115

5. Mequon

Mequon is one of the richest cities in Wisconsin with a mean income of $190,778 and a median home price of $527,819.

The affluent city is located in Ozaukee County along the western shores of Lake Michigan and north of Milwaukee. 

Suburban Home

Mequon is known for its large estates. 

Mequon enjoys a healthy mix of residential, commercial and recreational areas with a population of 25,142 with 23% of its residents under 18 years of age and 22% seniors. 

Mequon has a high percentage of owner-occupied homes at 86% and is known for its excellent Homestead and Nicolet School Districts. It is also home to Concordia University.  

The commute time from Mequon to Milwaukee is around 28 minutes.

Mean Income$190,778.00
Median Home Price$527,819

6. Whitefish Bay

Whitefish Bay is an affluent suburb of Milwaukee.

Located in Milwaukee County, along the western shore of Lake Michigan, and is characterized by its tree-lined streets, historic architecture and family-friendly atmosphere.  

It has a median home price of $511,073 and a mean income of $174,093. 

The population of Whitefish Bay is 14,954, with 31% of the population under 18 years of age and 14.5% seniors. 

Whitefish Bay has a high percentage of owner-occupied homes, with 81.9% of homes being owner-occupied. The rent in Whitefish Bay is $1,274.00. 

The city has over 80% of its residents with a Bachelor’s degree or higher and its public schools are consistently ranked among the top in the state.  

Whitefish Bay is only 18 minutes away from Milwaukee. 

Mean Income$174,093.00
Median Home Price$511,073

7. Hobart

Hobart is a wealthy Wisconsin city located in Brown County, desirable for its proximity to Green Bay.

Suburban Home

Hobart has the best of both worlds- close to urban amenities all while enjoying the tranquility of a more rural setting. 

Hobart has evolved in recent years from an agricultural community to a more residential and commercial setting but manages to retain its green spaces, woodlands and waterways. 

It has a median home price of $465,515 and a mean income of $154,126. 

The population of Hobart is 10,211, with some 22% of the population under 18 years of age and 12.5% seniors. The average rent in Hobart is $915.00. 

The commute time to Green Bay, Wisconsin is around 19 minutes. 

Mean Income$154,126.00
Median Home Price$465,515

8. Elm Grove

Elm Grove is an affluent suburb of Milwaukee in Waukesha County with a mean income of $152,278. 

Suburban Home

It’s an upscale residential community with a laid-back, suburban atmosphere while still providing easy access to the amenities of the larger Milwaukee metro area. 

Its tree-lined streets, parks, and small-town vibe make it a desirable place to live.  

Elm Grove has a median home price of $555,192. 

The population of Elm Grove is 6,513, with 25% of its population under 18 years old and 22.8% seniors. 

Most of the homes in Elm Grove are owner-occupied (88.4%). The rent in Elm Grove is $1,256. Elm Grove is only 20 minutes away from Milwaukee.

Mean Income$152,278.00
Median Home Price$555,192

9. Summit

Summit is one of the richest towns in Wisconsin with a mean income of $151,338 and a median home price of $706,215.

Suburban Home

It is located in Waukesha County, about 20 miles west of Milwaukee. 

Summit is characterized by its rolling hills, lakes and woodlands which provide lots of recreational activities for its residents. 

Lakes such as Upper and Lower Nemahbin offer opportunities for boating, fishing, and other water activities. 

The population of Summit is 4,784, with 20% being children under 18 years old and another 20.6% being seniors. 

Summit has a high percentage of owner-occupied homes at 89%. The rent in Summit is $1,652.00. The commute time to Milwaukee is around 26 minutes. 

Mean Income$151,338.00
Median Home Price$706,215

10. Merton

Merton is one of the wealthiest cities in Wisconsin located in Waukesha County, in southeastern Wisconsin. 

Suburban home

The affluent Wisconsin town has a median home price of $584,913 and a mean income of $151,128. 

Merton is known for its recreational lakes and family-friendly environment being in close proximity to several lakes, including North Lake, Pine Lake, and Beaver Lake, providing residents with ample opportunities for boating, fishing, and other water activities. 

The population of Merton is 7,970, with 28.5% being children under 18 years old and 16.8% being seniors. 

Most of Merton’s residents are homeowners with 86% of its homes being owner-occupied homes. The commute time to Milwaukee is about 26 minutes. 

Mean Income$151,128.00
Median Home Price$584,913

Check out the Most Dangerous Places in the US (Milwaukee is one of them!)

11. Richfield, WI

Richfield is one of the richest cities in Wisconsin with a mean income of $147,252.

Suburban Home

It is a city located in Washington County, about 25 miles northwest of Milwaukee. 

Over the years, it has transformed from a predominantly agricultural community to a more suburban one, while still retaining its rural character. 

The community is characterized by its picturesque landscapes, including rolling hills, woodlands, and several natural lakes. 

Richfield has numerous parks and trails for outdoor enthusiasts. 

It has a population of 11,739, with 21.3% of the population under 18 years old, while 18.3% are seniors. 

The town has over 97% of its homes owner-occupied. 

The median home price in Richfield is $490,331. The average commute time to Milwaukee is 26 minutes.

Mean Income$147,252.00
Median Home Price$490,331

12. Waunakee, WI

Waunakee is one of the wealthiest cities in Wisconsin with a mean income is $145,536. 

Suburban Home

Located in Dane County, Waunakee is about 10 miles north of Madison. 

Waunakee is a rapidly growing suburb of Madison and is known for its highly-rated schools and its balance between suburban amenities and a small-town feel.

It has a population of 14,879, and 28.9% of the population is under 18 years old, while 12.5% are seniors. 

The town has a high percentage of owner-occupied homes, with 76.6% of homes being owner-occupied. 

The median home price in Waunakee is $524,041 and the average rent in Waunakee is $1,093.  The Waunakee Community School District has a reputation for academic excellence, and its schools are often highly rated. Niche.com ranks Waunakee Community School District as the #2 School District in the Madison area.

The average commute time to Madison is 30 minutes.

Mean Income$145,536.00
Median Home Price$524,041

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