What is the richest town in Illinois? This question has been asked by many people, and since it’s such a common question, I decided to write an article about it. The richest towns in Illinois are: Inverness Village, Winnetka Village, Glencoe Village, Oak Brook Village, Northfield Village and Lake Forest City. Let’s dive in them in details. 

Winnetka Village, Cook County

Winnetka is a village located just north of the Chicago suburbs, in Cook County, Illinois. It is one of the wealthiest towns in Illinois and houses many notable residents including:

  • Oprah Winfrey
  • James Lipton
  • George Lucas

Northfield Village, Cook County

Northfield Village is a town in Cook County, Illinois. It was founded in 1836 and annexed by Chicago in 1889. The population of Northfield Village was 8,853 according to the 2010 census. The median household income for this area is $247,734 and its median home value is $1.4 million. The median rent price per square foot (sq. ft) is $756; meaning that you can afford to buy a house here with an average annual salary of $56k!

Glencoe Village, Cook County

Glencoe Village, a wealthy suburb of Chicago, is the wealthiest town in Illinois. It has a population of 6,300 people and a median household income of $203,941—that’s over six times higher than the national average!

Glencoe Village is located in Cook County and just outside the city limits of Chicago. The village was founded by Robert Haines Johnson in 1893 as an upscale residential development for wealthy families from New York City who wanted to escape urban life for quieter surroundings near Lake Michigan. Today it remains largely unchanged from its original design: well-kept homes line tree-lined streets with expensive cars parked along their curb lines; tennis courts are nestled between estates; there are plenty if parks where you can enjoy nature with your dog or relax on one of many benches overlooking this picturesque lakefront setting!

Inverness Village, Cook County

Inverness Village is a village in Cook County, Illinois, United States. The population was 1,939 at the 2010 census. The village is located in the northern suburbs of Chicago, just south of Lake Michigan.

Inverness was founded by Henry Inverness and his brother John D. Inverness in 1871 as a railroad town along the South Shore Line Railroad with an area designated for industrial development and housing for workers who would build train tracks there.

The two brothers purchased land from surrounding farmers who had been displaced from their farms due to competition from factories making products made out of wood brought into this area by railroads such as those owned by companies like Sears Roebuck & Company which also happened to be located nearby on Des Plaines Avenue near Stony Island Avenue (now named “Archer Ave”).

Lake Forest City, Lake County

Lake Forest City is home to 27,944 people and is located in Lake County. The median household income for this city is $194,841 and its median home value is $1,000,000.

In comparison to other Illinois cities with similar characteristics (per capita income), Lake Forest City has some of the highest property taxes in the state: $10,769 per year on average. This makes it one of the most expensive places for residents to live—but there are still plenty of affordable homes available in this affluent area!

Hinsdale Village, DuPage County

Hinsdale Village is a town in DuPage County, Illinois. The population of Hinsdale Village was 11,633 at the 2010 census and is growing by about 2% each year.

The median household income in Hinsdale Village is $133,511 and the average home value is around $857,200—both higher than the state’s average for both metrics (Illinois’ median household income was $59,655). As for age: residents over 45 years old make up nearly half of all households here; those under 18 only account for less than 10%.

Hawthorn Woods Village, Lake County

Hawthorn Woods Village is a village in Lake County, Illinois. The population was 3,170 at the 2010 census.

Hawthorn Woods Village was incorporated on February 5, 2005. It is located south of Mettawa and north of Antioch on U.S. Route 41 between the villages of Hawthorn Woods and Winfield Township in northern Lake County. The neighborhood features homes built primarily between 1950 to 1970s with some newer construction starting around 1990.[2]

The median household income for this community was $190K/year according to census data from 2010. 

Palos Park Village, Cook County

Palos Park Village is a community located in Cook County, Illinois. The population of Palos Park Village is 12,829 people and the median household income for a household in this city is $99,966.

The median income for families residing here was $114,564.

Burr Ridge Village, DuPage and Will Counties

Burr Ridge is a village in DuPage and Will counties in the U.S. state of Illinois. The population was 5,974 at the 2010 census. Burr Ridge’s name is from Burr’s Ridge Road (now known as Illinois Route 31), which runs through town and was named for William Henry Burr, an early settler who settled on this land plot in 1839 with his wife Hannah and their four sons: John B., George W., James H., and John E.

Burr Ridge has been home to many prominent families including those of Alpheus Calkins (who founded Alpheus Calkins & Sons), Thomas Ahern (who founded Ahern Iron Works), Louis Bachman (who founded Bachman Funeral Home), Stanley Bloodgood Sr..

The Poorest Towns in Illinois 

To the south of Springfield lie Riverton and Sherman, which host poverty rates of 30.7% and 34.5%, respectively.

To the south of Springfield lie Riverton and Sherman, which host poverty rates of 30.7% and 34.5%, respectively. The main industries in these towns are manufacturing and retailing, but some residents have found success as artists or musicians due to their proximity to downtown Springfield.

While these towns may be less desirable for many families, they are still important to the city of Springfield and its economy.

Much of Illinois is fairly affluent, there are still pockets of the state that struggle economically.

While much of Illinois is fairly affluent, there are still pockets of the state that struggle economically. The poorest town in Illinois is located in McHenry County and has a poverty rate of 18%. The second poorest town in Illinois is located near Elgin and has a poverty rate of 14%.

Illinois has many small towns that are in dire need of economic revitalization. The town of Arthur, located just outside the city limits of Decatur, has a poverty rate of 32%.

These towns offer evidence of the continued need for anti-poverty measures across the state.

Poverty rates in Illinois are higher than the national average, and they’re higher than the state average for African Americans.

Likewise, poverty rates in Illinois are higher than the state average for Latinos. Illinois has one of the highest rates of African Americans living in high-poverty neighborhoods, and the gap between black and white residents is particularly large in Chicago.

Where Glenview-Northbrook ranks as the wealthiest town in the state with a median income of $203,125.

The median income for Glenview-Northbrook is $203,125. In fact, the wealthiest town in Illinois is just a few miles down the road from it: Northbrook has a median income of $261,000 and home values that run as high as $1.1 million!

Glenview-Northbrook has many unique characteristics that make it one of the poorest towns in Illinois:

  • It’s located in Cook County, which has some of highest property taxes on record (as much as $2 million per year).
  • It’s also part of what we call “the Loop” – Chicago’s central business district area which includes downtown and its surrounding areas like Lincoln Park and Lakeview.*

In 2013, Illinois was home to more than 2 million people living below the poverty line–about 12% of its total population –and marked the fifth year in a row that poverty in the state had grown.

The state’s high unemployment rate has been linked to low wages for workers with limited education and training who are seeking jobs.

Using U.S Census data for median household income, median home value and unemployment rate for each town.

The data shows that the poorest town in Illinois is East St Louis with an annual household income of $14,170 and a poverty rate of 31%. The next poorest town is Mascoutah at $24.000 per year which has a poverty rate of 26%. This information can help determine where you may want to live if you’re looking for affordable housing options. Or if you want something close by but still within reach.

Wealthiest Suburbs In Illinois 

Kenilworth, IL

Kenilworth is a village in Cook County, Illinois, United States. The population was 4,566 at the 2010 census. It is located 14 miles (23 km) west of downtown Chicago and borders the western edge of O’Hare International Airport.

Inverness, IL

Inverness is a village in Cook County, Illinois, United States. The population was 1,038 at the 2010 census. It is located within the Chicago metropolitan area and is part of the North Shore region of suburban Cook County.

Inverness has been home to several prominent people throughout its history including:

  • George Washington Carver (1864–1943), botanist and inventor who developed several crops including peanuts and sweet potatoes; he also researched soybeans and invented a machine for processing them which became known as “Carver’s model”. He was awarded honorary degrees from Harvard University and Howard University (now called Morehouse College) during his lifetime;
  • Mark Twain (1835–1910), American author best known for his novels Adventures of Huckleberry Finn (1884) or A Connecticut Yankee in King Arthur’s Court (1889); both books were made into movies by MGM Studios when they came out respectively in 1921 & 1922 respectively;
  • Paul Newman (1925–2008), actor who starred in films like Cool Hand Luke(1967) or The Hustler(1961).

Winnetka, IL

Winnetka, Illinois is a village in Cook County, Illinois. As of the 2010 census it had a population of 8,876 and an estimated median household income of $162,000. The village is located 12 miles north of downtown Chicago. It’s also home to the highest point in Cook County at 663 feet above sea level. The area was first settled by French settlers who called it “La Prairie des Champs,” but they were forced out by Native Americans before settlement could continue on this site. When Abraham Lincoln visited Illinois during his presidency (1861–65), he stayed here briefly at what was then “The Inn” today simply “Winnetka.”

Northfield, IL

Northfield is a village in Cook County, Illinois, United States. The population was 3,926 at the 2010 census. It is located at 41°56′19″N 87°39′10″W (41.906918, -87.655769).

Northfield, founded in 1831, was one of several townships that made up the “Western Reserve” of Ohio. A post office called Northfield has been in operation since 1832.

Glencoe, IL

Glencoe is a village in Cook County, Illinois, United States. The population was 2,831 at the 2010 census. It is one of the wealthiest suburbs in the United States and home to many members of America’s ruling class.

Glencoe is one of America’s “Most Beautiful Towns” according to Travel + Leisure magazine.

Oak Brook, IL

Oak Brook is a village in DuPage County, Illinois, United States. The population was 10,731 at the 2010 census.

Oak Brook is a suburb of Chicago. It is located approximately 20 miles southwest of downtown Chicago and offers easy access to all that city has to offer.

Burr Ridge, IL

Burr Ridge is a village in Cook County, Illinois, United States. It was incorporated as a village on March 17, 1898 and has been classified as a suburb since 1995. As of the 2010 census, Burr Ridge had 6,739 residents. Burr Ridge is approximately 22 miles southwest of Chicago, situated between the townships of Northbrook and Orland Park (which lie within Cook County).

Conclusion

The growing wealth in these towns is helping the area become more affluent and modern. And, as you can see from this list, there are many things to do in Illinois besides driving your car or working at an office! In fact, many of these communities have beautiful parks and facilities for everyone to enjoy.

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