Richest Suburbs of Chicago

10 Richest Suburbs of Chicago (2024)

The suburbs of Chicago is home to some of the richest people in America including billionaires Elizabeth Uihlein, Eric Lefkofsky (Groupon), and Patrick Ryan. Here is a list of the 10 richest suburbs of Chicago.

The rankings are based on both income and home prices.

Richest Suburbs of Chicago

1. Winnetka, IL

Winnetka is one of the richest suburbs of Chicago. Home to billionaire Patrick Ryan, Winnetka is known for its luxurious homes, affluent residents, and excellent schools.

Lake Michigan

Located on the picturesque North Shore of Chicago, Winnetka has a mean income of $417,007 and a median home sale price of $1,415,083. 

The wealthy Chicago suburb has a population of 12,744. Winnetka residents are highly educated, with 90.4% of them having a bachelor’s degree or higher. It’s a popular Chicago suburb for families, with 32.1% of its residents being under 18 years old. 

Mean Income$417,007
Bachelor’s Degree or Higher90.4%
Median Sale Price of Homes$1,415,083
Winnetka, IL Facts

2. Kenilworth, IL

Kenilworth is one of the wealthiest towns in Illinois, with a mean income of $387,288 and a median home sale price of $1,991,500. Located just north of Chicago, Kenilworth is one of the richest suburbs of Chicago.

Suburban Home mansion
Kenilworth, IL

Kenilworth is known for its beautiful homes, excellent schools, and affluent residents. It’s a small wealthy town with a population of 2,514. Kenilworth residents are highly educated, with 91.2% of them holding a bachelor’s degree or higher.

Families are drawn to Kenilworth for its top-rated schools, beautiful parks, and low crime rate. With 35% of its residents being under 18 years old, it’s clear that Kenilworth is a family-friendly community.

Mean Income$387,288
Bachelor’s Degree or Higher91.2%
Median Sale Price of Homes$1,991,500
Kenilworth, IL Facts

3. Glencoe, IL

Nestled along the shores of Lake Michigan, Glencoe is a beautiful and affluent suburb of Chicago known for its stunning homes, scenic parks, and excellent schools.

Home to billionaire Eric Lefkofsky of Groupon, Glencoe is one of the richest suburbs of Chicago. It has a mean income of $353,638 and a median home sale price of $1,289,083.

Suburban Home mansion
Glencoe, IL

The village has a population of 8,849, and its residents are highly educated, with 86.4% of them holding a bachelor’s degree or higher. 

Families are drawn to Glencoe for its excellent schools, charming downtown area, and family-friendly community. With 28.3% of its residents being under 18 years old, it’s clear that Glencoe is a great place to raise a family.

Despite its high cost of living, people love to live in Glencoe for its natural beauty, sense of community, and convenient location. The average commute to work for Glencoe’s residents is 35.7, making it a popular choice for professionals who want to live in a peaceful and picturesque community while still having access to Chicago.

Mean Income$353,638
Bachelor’s Degree or Higher86.4%
Median Sale Price of Homes$1,289,083
Glencoe, IL Facts

4. Hinsdale, IL

Hinsdale is an affluent town located in the western suburbs of Chicago. It’s a picturesque village known for its beautiful homes, excellent schools, and charming downtown area. With a mean income of $340,370 and a median home sale price of $1,033,808, Hinsdale is one of the wealthiest towns in Illinois. 

Suburban Home

Hinsdale is an upscale suburb with a population of 17,395. Its residents are highly educated, with 80.5% of them holding a bachelor’s degree or higher.

Families are drawn to Hinsdale for its top-rated schools, peaceful atmosphere, and close-knit community. With 32.5% of its residents being under 18 years old, it’s clear that Hinsdale is a family-friendly community.

The average commute to work for Hinsdale’s residents is 33.8 minutes, making it a popular choice for professionals who want to enjoy a relaxed suburban lifestyle while still having easy access to Chicago.

Mean Income$340,370
Bachelor’s Degree or Higher80.5%
Median Sale Price of Homes$1,033,808
Hinsdale, IL Facts

5. Bannockburn, IL

Tucked away in the northern suburbs of Chicago, Bannockburn is an affluent suburb of Chicago known for its large estate homes, serene natural landscapes, and low crime rates. With a mean income of $321,855 and a median home sale price of $1,017,500, Bannockburn is one of the wealthiest towns in Illinois. 

Suburban Home

Bannockburn has a small population of 1,013, and its residents are highly educated, with 85.6% of them holding a bachelor’s degree or higher. The average commute to work for Bannockburn’s residents is only 21.7 minutes- it’s one of the shortest commutes for towns on this list. 

Mean Income$321,855
Bachelor’s Degree or Higher85.6%
Median Sale Price of Homes$1,017,500
Bannockburn IL Facts

6. Golf, IL

Located in Cook County, Golf is a small and upscale suburb of Chicago known for its large estate homes, lush greenery, and low crime rates. With a mean income of $302,020 and a median home sale price of $838,764, Golf is one of the richest suburbs of Chicago. 

Suburban Home

Golf has a small population of just 514. Its affluent residents are highly educated, with 75.9% of them holding a bachelor’s degree or higher. Families are drawn to Golf for its peaceful suburban vibe and excellent schools with 24.8% of Golf’s residents under 18 years old. 

Mean Income$302,020
Bachelor’s Degree or Higher75.9%
Median Sale Price of Homes838,764
Golf IL Facts

7. North Barrington, IL

North Barrington is one of the richest towns in Illinois. It is a picturesque suburb located in Lake County, Illinois. Its affluent residents have a mean income of $301,053, and the median sale price of homes in North Barrington is $827,111. 

Suburban Home

North Barrington is a wealthy suburb of Chicago with a population of 3,171. Its residents are well-educated, with 75.9% of them having a bachelor’s degree or higher. Families are drawn to North Barrington, with 23.9% of the population being under 18 years old. 

Mean Income$301,053
Bachelor’s Degree or Higher75.9%
Median Sale Price of Homes$827,111
North Barrington IL Facts

8. Barrington Hills, IL

Barrington Hills, IL is a beautiful and affluent village located in the northwest suburbs of Chicago. As one of the wealthiest towns in Illinois, Barrington Hills residents have a mean income of $296,170 and the median home sale price is $999,313. 

Suburban Home

Barrington Hills has a population of 4,114 and is known for its spacious lots, beautiful equestrian properties, and picturesque landscape. The affluent residents of Barrington Hills are well-educated, with 71.4% of residents holding a bachelor’s degree or higher.

Barrington Hills is popular among families, with 22.3% of residents under 18 years old. The average commute time for Barrington Hills residents is 42 minutes, making it a great option for those who want to live in a peaceful and upscale community while still within commuting distance of Chicago.

Mean Income$296,170
Bachelor’s Degree or Higher71.4%
Median Sale Price of Homes$999,313
Barrington Hills IL Facts

9. Lake Forest, IL

Lake Forest is one of the richest cities in Illinois. In fact, it is home to one of the richest people in Illinois, Elizabeth Uihlein. Lake Forest residents are affluent with a mean income of $269,752 and a median sale price of homes of $1,003,976.

Suburban home

Lake Forest is a wealthy suburb of Chicago with a population of 19,367. It has a highly educated community with 81.% of residents holding a bachelor’s degree or higher. Families make up a large portion of the population with 20.2% of Lake Forest residents under 18 years old. 

Mean Income$269,752
Bachelor’s Degree or Higher81.0%
Median Sale Price of Homes$1,003,976
Lake Forest IL Facts

10. South Barrington, IL

South Barrington is one of the richest suburbs of Chicago with a population of 5077. Its residents are affluent, with a mean income of $241,536 and high home values with a median sale price of $1,040,970. 

Suburban home

South Barrington is home to many families, with 26.8% of residents under 18 years old. South Barrington residents enjoy a good work-life balance with the average commute to work for residents being 31.1 minutes.

Mean Income$241,536
Bachelor’s Degree or Higher67.4%
Median Sale Price of Homes$1,040,970
South Barrington IL Facts

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