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Hinsdale, Lake Forest and Wilmette have the highest average household incomes.
With amazing restaurants, endless things to do and a summer festival season that’s jam-packed with events, it’sno secret that living in Chicago is the best. Of course, such benefits come at a cost, which is why it shouldn’t come as a surprise that three Chicago suburbs are among the wealthiest in the U.S.
A new report by GOBankingRates, a personal finance website, looked at suburbs with at least 5,000 households and rankedthe top 50 by average household income. The 2024 typical home values—using data provided by Zillow—factored into the list as well.
Hinsdale is the wealthiest suburb in Illinois, coming in at No. 7. The average household income is $380,479, and the typical home value is $1,088,871.
Lake Forest is the next Chicago suburb on the list, landing at No. 30. The average household makes $284,784, and the typical home is valued at $1,097,029.
Finally, Wilmette is No. 40 with an average household income of $273,718 and typical home value of $896,128.
GOBankingRates also released a report in April detailing how muchincome a householdhas to earn to be considered “rich” (top 20%). In Chicago, that number is $155,644. On average, households in the top 20% make $299,962; households in the top 5% earn $564,032, which ranks No. 16 in the country.
Check out the full list of the 50 wealthiest suburbs in America below.
- Scarsdale, New York
- Rye, New York
- West University Place, Texas
- Los Altos, California
- Paradise Valley, Arizona
- University Park, Texas
- Hinsdale, Illinois
- Great Falls, Virginia
- Orinda, California
- Wellesley, Massachusetts
- Palm Beach, Florida
- McLean, Virginia
- Southlake, Texas
- Palos Verdes Estates, California
- Saratoga, California
- Menlo Park, California
- Lafayette, California
- La Cañada Flintridge, California
- Los Gatos, California
- Pinecrest, Florida
- Mill Valley, California
- Wolf Trap, Virginia
- Palo Alto, California
- San Carlos, California
- Bellaire, Texas
- Summit, New Jersey
- Tenafly, New Jersey
- Mercer Island, Washington
- Potomac, Maryland
- Lake Forest, Illinois
- Winchester, Massachusetts
- Cupertino, California
- Westfield, New Jersey
- Bethesda, Maryland
- Lexington, Massachusetts
- Manhattan Beach, California
- Garden City, New York
- Ridgewood, New Jersey
- Greenwich, Connecticut
- Wilmette, Illinois
- Princeton, New Jersey
- Needham, Massachusetts
- Mountain Brook, Alabama
- Vienna, Virginia
- Danville, California
- Dix Hills, New York
- Sammamish, Washington
- Moraga, California
- Calabasas, California
- Harrison, New York
