The 10 Wealthiest Suburbs of Chicago
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- เผยแพร่เมื่อ 2 ต.ค. 2024
- Did you know that Illinois is home to many millionaires and billionaires? Even the governor is a billionaire. It's true. Illinois is home to some of the richest communities in the country, particularly, out in the suburbs. The rich people want to be close to Chicago, but they want to live away from the crime and air pollution, so they head out to the 'burbs. But which ones? Where is all the money in the Chicagoland area? In this video, we go over the ten richest Chicago suburbs and discuss their median household income, home values and other stats.
#TaxTheRich #money #ChildrenOfTheKern
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Burr Ridge should definitely be on the list as well Oakbrook. Naperville maybe somewhere also.
Oakbrook for sure
I figured Oakbrook and Naperville for sure
Oakbrook yes. Also Lake Barrington top 20 maybe?
Most of those cities were like North and NW, forgot about the rest like OakBrook, Orland Park, and Burr Ridge.
Oak brook has some multifamily housing that waters down the average.
Once I was driving in Winnetka and rolled down the window, stuck my hand out and caught a twenty dollar bill!!!!
really?
😅😂
What happened to Oak Brook and Burr Ridge? Certainly they top Western Springs.
I live in HP neighborhood next to Glencoe and Winnetka ..... the best part of living in the north shore is being in a bubble , the lake is Amazing, the homes are beautiful with each having such unique architectural history..... I have been many places in the US and this is by far one the nicest areas.... I think the intelligence of the people that reside here is also something worth valuing
Nailed it, HP resident as well
its great. Not quite as much but close in skokie
Interesting, usually Kenilworth is the wealthiest in IL. But it does bounce along the North Shore Four; Wilmette, Winnetka, Glencoe, and Kenilworth. Hinsdale is mostly new money snobs and as to why native born are younger is family money that allowed them to buy their homes earlier in life. Bad thing about most of the places you listed is the lots are so small. I prefer to live out in Barrington and have some land for quiet.
I'm from the area originally Richard as some other towns that can be snobby as well are Naperville and Northbrook for starters
Shhhhh... Don't talk about the 60010. We don't want people moving out here.
What about Lake Forest, Lake Bluff, Highland Park and Northbrook, IL?
@@norbertoquintanar2608 😂
You are right I live around there and if had the money I would be where the land is. But most of the people they have a house in different places and cities.
I work with many foreign born people in the IT industry. One theory I have for why foreign born population is older than native in these wealthy suburbs is culture. Many Asian and Indian cultures have multiple generations living in the same house. Many are well educated and have good paying jobs to begin with but with help from parents and grandparents are all the more able to afford $1mil homes. I personally know of several co-workers in which husband and wife both have good 6-figure salaries. They work while their parents watch the grandkids. The second theory is spending / saving lifestyle. Despite current thoughts, many immigrants have been able to and still can live the American dream. Many work very hard and make great financial sacrifice while saving money over the years. Quite a few have owned their own businesses. They may not have started out with much but over time this put them in a position to finally afford the dream home later in life.
Fun fact. Home alone house was also the house in Planes, Trains, and Automobiles
Those whom reside in Winnetka usually aren't affected by what goes on in the rest of Illinois... They can afford it... Should THEY ever make an exodus however, that's when you KNOW things are irreversible within the Prairie State!
The only thing she said that I didn’t agree with was that the people who didn’t have degrees that are rich must’ve “inherited” their fortune & they don’t realize how fortunate they are. There are a ton of millionaires now who don’t have a formal degree, but they capitalized off of their skillset & turned it into a full functioning & successful business.
Being from the south side and burbs it felt a little strange to be headed out to Wheaton to look at a car. This was late 70's. He was a friend of my friends father who was a Korean War vet and had served together at some point because he was Army. So off we went. Nice car with a little rust on top but other than that very good to mint. The cost was to get it out of the driveway! We came with a battery and after putting some gas in it and starter fluid it ran like a champ. The owner was a former Air Force Officer who had the car while stationed in Hawaii and mostly drove it there. It had real low mileage. I could hardly believe but we rolled out of there basically with a new car though it was about ten years old. Up until this time I had thought all rich people were snobs and uptight with their money. Turns out the guy was much like we were. Cool! Got that sucker home and sanded the top of the car and painted that a flat black. 1969 Chevelle!!!
Surprised not to see Kenilworth on the list or Naperville.
I hear that Cousin Eddie from Christmas Vacation is planning to move to one of these towns. He is holding out for a management position.
Good video but it could do without the annoying background music.
What are the rank of oakbrook and naperville in dupage county
I live next to Hinsdale and Western Springs, both very nice suburbs with a lot of “old money” flowing thru them. I’m surprised Burr Ridge isn’t on this list.
Hey ho neighbor. Bo Jackson lived in Burr Ridge for crying out loud! How does Oak Brook not make the list? There is a modest area in Burr Ridge so I can see that perhaps. My wife and I have a friend who literally grew up in a tar paper shack in Burr Ridge right across from Elm School. I'd guess the house on that property now is in the 1.5 to 2 mil range.
@@Janetsfear I could see that. I know someone that bought a $1M tear down over there just to expand their pond. LOL
@@Janetsfear burr ridge a lot of doctors and lawyers big mansions a lot of doctors where I live
Really surprised Elmhurst didn't make the cut. Right outside the city and extremely wealthy.
I live next door to Elmhurst. It's pretty rich. A lot of old money there.
The immigrant of today basically include 3 groups. Mexicans, Indian and Asian. Almost 100% of Asains and Indians are business owners, engineers, or physicians and thus way more affluent. Naturally they concentrate in the rich communities.
What about Pakistanis ?
What is offensive about fried chicken, watermelon and corn on the cob? I grew up in Mount Carroll Illinois and ate those things all the time.
Thank you!!! Such good info. Placing an offer on a home in wilmette this wk.
Thanks for watching!
Can someone explain me Americans refer to small towns as City of x ? How is some random place a city. A city is Chicago or New York in my dictionary.
@@adad-ec6ht The size of the municipality doesn’t matter. Whether it is a city, town or village is determined by their form of government (mayor/council; village president/trustees; mayor/town council, etc.)
- why is Kenilworth, IL; Oak Brook, IL; and any south Chicago suburb not here? you didn't get around much, did you?
Oak Brook's median household income of $141,055 didn't put it in the top 10. Kenilworth has fewer than 5000 people, so I didn't include it.
@@StuckInTheKernfield thanks for the feedback, and for curing my ignorance. always imagined Oak Brook to be one of the wealthiest. i was a Chicagoland limo driver, so i had the opportunity to drive to/from wealthy homes around Chicagoland. there's incredible wealth in the suburbs.
@@sgtlucifer6883 Definitely. There are so many wealthy places that I could have easily doubled the list. That's why I limited it to places with over 5000 people.
Thought Kenilworth and South Barrington would be on the list .Did I miss something?
I went with places with a population of over 5000, so they were just a little bit too small to be considered.
South Barrington should be up there ,I agree
Left out Deefield and Highland Park. Not surprised with Winnetka but I'm glad it made the list. Live in Addison, IL. Make real time road videos of the streets and highways around Chicagoland. Great channel. Keep up the hard work.
I was born and raised in Addison. Named my oldest daughter Addison "Addy". West of Mill Rd looks very different from when I lived there but I stop by Portillos on Lake Street when I am in town.
the immigrant residents being older than native born in hinsdale likely has to do with the large asian specifically indian immigration wave to the area in the 80s and 90s, not to make a racial stereotype come true but i do live in a town next to hinsdale and there are a lot of indian americans who are doctors or who have high paying tech jobs who live in hinsdale who are around my parents age (mid-late 50s) and with children around my age (mid 20s)
Without immigrants, Chicago would not have developed to what it is today.
I made a very similar comment before reading yours. Yes agree we want to be culturally sensitive and not stereotype so I can't say if its anecdotal observation or a part of their culture. For the record, I am in IT and have worked with and hire many people from India. I do see a high percentage living in multi-generational homes with parents, etc. I would contend its common enough that I don't think anyone would take offense.
I'm surprised that Barrington Hills and Oak Brook didn't make this list.
i honestly don't get how anyone would be able to live below the poverty line in any of these communities
I don’t either.
It’s based on income for the year they are filling out the census. They are probably retired and had plenty of money to pay their expenses out of their savings and checking accounts for that year. They probably sold no investments that would show income. So, their income was probably only social security, stock dividends, and savings interest. Or some may be live in maids residing in a guest house. In other words they are not living below the poverty line.
That’s crazy, I know because I live, or I lived in Highland Park, but I also grew up in Lake Geneva Wisconsin which also has some of the wealthiest people who vacation in Wisconsin from Chicago, billionaires homes, Highland Park is pretty nice as well, you have just regular people as well as millionaires. My friend who lives in a house in Highland Park near the high school has lawns like putting greens, they have a private jet, they own a place in Beavercreek, but it’s also pretty down such a diverse and wealthy suburb. I didn’t realize a five bedroom house was a mansion and Met. I know it’s a big house probably 4000 or 5000 ft.² or more, but usually the ones in Lake Forest are the ones I consider mansions because they might have 10 bedrooms, dozens of rooms, a house that you can get lost in probably close to 20,000 ft.² and the backyard twice the size of a football field is usually what I consider a mansion.
I’ve never even heard of western Springs. And I didn’t realize making $130,000 a year was that much money. I was making close to that much money in the 90s and I was living in the city, but I was still renting becauseI didn’t care about owning a home or a car so I guess it’s how much do you really want to spend and how much do you want to be owned by your possessions.
Inverness is not a town ,it's an exclusive gated community or a overpriced subdivision
Inverness: an only rich-whites gated community
I’m from Lake Bluff/Lake Forest should be higher. As for the trailer park it’s in unincorporated Lake Bluff. Lake Bluff is awesome. But it was too cold for me and so I moved to Wrightsville Beach, NC.
I think the immigrant population tends to be older because, just like the locals, they take time to prepare for their academic and professional future while still living in their home country. They study well and tend to achieve good academic results in order to prepare themselves to migrate to another country. Since the United States has strict immigration laws, they need to meet all the requirements before moving. Not to mention, the competitiveness of highly qualified jobs in the US is another challenge they have to face, which contributes to the immigrant population being older compared to the local population that follows the natural process of professional preparation and usually doesn't face language barriers.
Northern suburbs are the wealthiest
I am a native Chicagoan, and enjoyed this video. Some of the suburbs I was unaware of, Evanston has wealthy residents too, the houses are impressive.
Can someone explain me Americans refer to small towns as City of x ? How is some random place a city. A city is Chicago or New York in my dictionary.
A city is an incorporated municipality with a local government. New York is a megalopolis.
I'm surprised Kenilworth wasn't on the list...
Immigrant population is older because most of the time they come to the US and need to build their wealth from zero. They have students loans and usually no or little financial help from their families. Therefore it takes them longer to get to the point where they can afford living in those communities. Whereas, American born people will often have some financial help from their parents, therefore lower student loans, a place to live while in college etc. Less debt means they can build wealth sooner.
Naperville???
I grew up in Hinsdale ..my family owned a restaurant.anda service station..bill veck...white Sox owner ..was a family friend of my father..my family lived vary well..untill we moved out in the 1990s..dad retired..sold the property..I retired to fl.in 2016..il costing to much in tax's..I was a native of Hinsdale,il. Born at Hinsdale hospital..good school s..at it best ..fl.is a nice place to retire..of course I still work p.t. and go fishing..
I read Chicagoland has like 11 of the top 100 richest cities in the country. Thats the most i think.
Been nice if you would of showed all these cities in proximity to chicago on the Map. Nice video still.
Go elsewhere to find what you're looking for.
Kenilworth is a vague, uber-rich gated community North of Chi-town... I guess people could easily see the extreme of poor and rich in the Chicagoland area...
I was born in Hinsdale hospital. We were too poor to live there. So villa park was my stomping grounds.
So you went to Willowbrook HS I assume?
We live in Clarendon Hills Illinois right next to Hinsdale and it’s beautiful except for the drainage in the heavy rain because we have no sewers for that. Our taxes are very high . $28,000 per year . Try paying that . Low crime here and great parks . School system is a joke if you have a special needs child . Pathetic.
Nope I couldn't contemplate paying 28,000 per year. I pay 1,200 per year. I probably don't make near what you do either and my property is probably only worth a small % of what yours is.
I went to Lake Forest H.S and I heard Michael Jordan's son went here.
Campton Hills in Kane County? Nostalgia Tours just made a video on that town. It is a very affluent area near Saint Charles.
Years ago I heard that the wealthiest area in Illinois was around Dwight, IL. That was not so much because of the people that resided in the city, but rather because of the excellent farm land and many wealthy farmer landowners. That was in the 1940s thru the 2970s. I’m not sure how Dwight would rank now.
Are you from the future?
2970s ? ?
I'm surprised Wheaton didn't make the list. Great video overall.
Thanks!
Agreed. DuPage County is richy rich overall. Wheaton is definitely one reason why.
You know what Luther Alison says, you gotta move, gotta move from the hood.
All those 'burbs mentioned from the north shore, Lake Bluff, Lake Forest, Glencoe, Wilmette, Winnetka. The sad thing about them is they have very few places to actually have fun. The few restaurants you find are pretty low key. You don't find bars in these towns. That is not to say the residents don't like to party. But when they do, they head to a town on the lake called Highwood, which is an abnormality. Yes, it is expensive compared to the rest of Chicagoland. However, it was settled by Italian immigrants and it still reflects that. Lots of good restaurants and bars, even a few playhouses.
Yeah that’s true, I feel like everyone just takes the metra to Chicago
Sounds perfect for someone like me who doesn't like it when the neighbors throw loud parties.
If I was a lottery winner, I wouldn't waste my money in those cities, I would leave the state of Illinois and yes I would adopt you
You're the first one to offer. I'm housetrained and everything. 🤣
I’m on My way to visit Winnetka right now! Thanks for the video
Thanks for watching!
What about ROBBINS and DIXMOOR...why aren't these listed here?
Robbins and Dixmoor? In a video on the RICHEST Chicago Suburbs? Robbins has a poverty rate of 36.9%, and Dixmoor's is 24.8%, so it doesn't seem like very many rich people live there.
I was raised in Winnetka and looking back, it was a tough act to follow.
Did you ever hear Bob Crosby's jazz band? Story is the Bobcats were playing an engagement in Chicago when one table caused a noisy ruckus. Crosby asked them who they were, and a man answered, "we're the big noise from Winnetka."
The whole business district of Mount Carroll Illinois is registered as historical. How come you never mention anything in Carroll County? 😢
I finally found a way of working it into a video: th-cam.com/video/cwdFVbPDYcI/w-d-xo.html
me in California looking at those prices: "Sounds reasonable."
It's all about perspective, I guess. :-)
Grew up in Inverness, I left the "bubble" and my parents reign years ago. I was born gay and that didn't bode well. Luckily when my father died the 3 children got control of 3 major funeral homes in Chicago and suburb of Skokie. I know a lot of kids who are gay are disinherited but my mother and I had a special relationship. I will never go back there.
Private street in Winnetka...my fav!
Rents in much of McHenry County have been going up; gentrification is happening. If you're poor and can't afford to live nearby, and have inadequate transportation, God help you. Sad to say, but I shall be leaving Algonquin. Two days ago a property manager opened the trunk of his car, pulled out a handgun, what appeared to be a Glock or some other semi-auto pistol. The incident was, I stood 20 -30 feet away, was verbally informing him of the leaky roof and black mould due to comromised and very evident wet insulation. I am documenting this incident because it affects more individuals, including other tenants, as well as at least three children, none of them my own. I didn't report the incident to authorities. I would rather put as much distance between me and the offender as possible.
Working class families are stressed. Last week police found a mother & stepfather dead. They located the person of interest who had fled to rural Wisconsin, not far from Kenosha. I'm not waiting around for more unrest or violence.
Thank you for listening, and Merry Christmas.
Fun FACT a serial killer lived in this area...YAY!!! FUN FACT!!! I want to move where killers once lived!
Lake forest seems interesting
WHAT ABOUT KENILWORTH?
It's good to know that Race Bannon hails from Winnetka. Maybe his family still owns property there. Might spot Jonny in the neighborhood.
i've lived in western springs my whole life and it still absolutely blows my mind to hear the median household income even tho i've been watching houses around me get torn down and mansions getting built my whole life. my parents make around $80,000, with my dad working 2 jobs and my mom working 1, while plenty of other familes in this town make $150,000+ with the dad just working 1 job. i live on the main road that runs through town where *surpise* the houses are cheaper and seen as less desirable to the rich young families who keep moving here. i'm almost 24, my 26 year old brother and i still live at home because we just cannot afford to move out, my parents have been in this house for nearly 30 years and have tried selling several times we even added on a few rooms in 2004 and still no one wants it. it's a normal 2 story house too lol. the income inequality even in individual chicago suburbs is crazy
lol hinsdale is right next to us, we're a dividing line between cook and dupage, but western springs has basically just become hinsdale lite in the last 25 years
That's not the train that runs through Lake Forest, it's the Metra‼️ doesn't look like that.
you forgot Kenilworth it is the richest #1
No, I didn’t. The population was too small for me to include it.
Love the Joe S and Joe B style music lol
I’m surprised Libertyville, IL wasn’t on here
Was surprised that Kenilworth or Oak Brook didn't make this list
Your telling me oak Park & river forest didn't make it
“Like” for orange tabby and shepard
Is this a good thing or not I’m just saying
Any news about lockport Illinois?
I grew up in Western Springs, and there were quite a few lawyers there.
Well, Kenilworth seems to be a glaring error lots are huge houses are huge, and a lot of old money. Oh and most of them are tighter than, well tight anyhow.
Not an error. I consider a community of 2500 to be more of an enclave than a true suburb, so I only looked at those with over 5000 residents.
@@StuckInTheKernfield I see.
Rapid eye movement. O
when you pay no or little tax you can make it.
You might as well move to Texas 😂 everything half the cost
@Blue Wave 2020 I’d happily. Lone star state the greatest
I live in Illinois. The politics are horrible here with high property taxes. When I retire, I'll be looking in Texas or Arizona.
You might as well move to Texas 😂 everything half the cost
Please make an Apple to Apple comparison. Texas is a state and not a city and comparing Chicago with Texas is like comparing an Iphone with land-phone. Like where in Texas ? Austin, Texas is definitely not cheap. Chicago and its suburbs are pretty cheap and affordable compared to New York, LA, San Francisco, Austin, Miami, etc. If you don't understand anything - please use google.
que erro ñ relacionar a criminalidade com a economia e tudo q a rodeia na cidade
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