These 3 Chicago Suburbs Are Among The Wealthiest In America: Ranking

HINSDALE, IL — Three Chicago area communities made a recent ranking of America’s wealthiest suburbs, with one in the top 10, according to the new report.

The finance website GOBankingRates set out to find which suburbs are home to some of the wealthiest Americans. The study's authors surveyed all municipalities with 5,000 or more households and isolated the 50 with the highest average household income using data from the American Community Survey. The 2024 typical home value and metro area location, with data from Zillow, were then sourced to determine the wealthiest suburbs.

Among Chicago suburbs, Hinsdale was the highest ranked at No. 7 with an average household income of $380,479 and a typical home value of about $1.09 million. Lake Forest ranked 30th and Wilmette was 40th with average incomes of $284,784 and $273,718, respectively, and home values of just under $1.1 million for Lake Forest and $896,128 for Wilmette.

Nationally, New York suburbs beat out California for the No. 1 and No. 2 wealthiest, but California communities were much more represented on the list as a whole.

The top three were the New York suburbs of Scarsdale and Rye, with respective incomes of $568,942 and $405,074 and home values of roughly $1.41 million and $2.12 million, followed by the Houston area suburb of West University Place, which had an average income of $403,845 and a typical home value of about $1.6 million.

The complete list as well as details about methodology can be viewed at bit.ly/4cRKOOl.