Chicago is surrounded by some of the wealthiest and most desirable suburbs in the Midwest, known for luxurious homes, top-rated schools, upscale amenities and a high standard of living. Whether you’re considering a move for work, education or a lifestyle upgrade, understanding where these affluent neighborhoods are and what they offer is essential. In this guide, you’ll learn about some of the top suburbs, find answers to common questions and see why they are a great choice for families, professionals and retirees.
If you’re planning to move, trusted Chicago moving companies like STI Moving & Storage can make the process easier by helping you manage every step of your relocation with confidence.
What are the Wealthiest Suburbs of Chicago?
Some of the wealthiest suburbs around Chicago are:
- Winnetka – Known for its lakefront mansions and prestigious schools.
- Kenilworth – A small, upscale village with some of the most expensive homes in Illinois.
- Hinsdale – An elegant western suburb recognized for its historic architecture and affluent community.
- Lake Forest – A North Shore gem known for luxury living and expansive estates.
- Glencoe – Offers a peaceful setting and sophistication along Lake Michigan.
- Wilmette – Known for its beautiful homes, strong schools and charming community.
- Highland Park – Famous for its mix of wealth, culture and natural beauty.
These suburbs are consistently ranked among the most affluent in the state and attract residents who value privacy, quality education and a luxurious lifestyle.
What Makes These Suburbs the Wealthiest?
A few important reasons make these suburbs some of the wealthiest in the area:
- High Household Incomes: Many people living here earn much more than the state and national average.
- Expensive Homes: Luxury homes worth millions of dollars are common, especially in neighborhoods near the lake.
- Excellent Schools: These suburbs are known for their highly rated public and private schools.
- Upscale Amenities: Residents have easy access to country clubs, luxury shopping, fine dining and cultural attractions.
- Close to Chicago: They offer a quiet suburban lifestyle while keeping downtown Chicago within easy reach for work and entertainment.
The combination of financial prosperity, a prime location and outstanding services creates communities that consistently rank among the wealthiest in the Midwest.
Which Suburb has the Most Expensive Homes Near Chicago?
Kenilworth is often considered home to the most expensive properties in the Chicago area. With a median home price well above $1.5 million and sprawling lakefront estates, its real estate market is geared toward the ultra-wealthy.
However, Lake Forest, Hinsdale and Winnetka also feature numerous multi-million-dollar homes that rival Kenilworth in both price and luxury.
If you’re moving to one of these elite communities, partnering with a professional moving company in Chicago helps ensure your valuables and high-end furnishings are transported with care and discretion.
What is the Richest Suburb in Illinois?
Winnetka is widely recognized as the richest and popular suburb in Illinois. According to U.S. Census data and income reports, the average household income in Winnetka is more than $200,000. The area is well known for its scenic lakefront properties, excellent schools and its close-knit yet prestigious community.
What are the Best Luxury Neighborhoods in Chicago’s Suburbs?
For those seeking an upscale lifestyle, here are some of the most luxurious neighborhoods:
- East Winnetka – Known for lakefront access and architectural marvels.
- Hinsdale’s Robbins Park Historic District – Filled with charm and exclusivity.
- Lake Forest’s Onwentsia Area – Surrounded by golf courses and stately homes.
- North Shore Club Districts (Wilmette, Glencoe) – Rich in greenery and culture.
- Burr Ridge Estates – Located slightly farther west, offering a modern take on suburban luxury.
These neighborhoods offer more than just large homes. They are known for their history, reputation and comfortable lifestyle, making them a popular choice for people looking for upscale living.
Which Chicago Suburbs Have the Highest Median Income?
Based on recent census and real estate data, these suburbs have some of the highest median household incomes:
- Kenilworth
- Winnetka
- Hinsdale
- Glencoe
- Lake Forest
These communities are known not only for their high household incomes but also for low crime rates, excellent schools and strong community values. That’s why they are popular choices for both families and professionals.
What Amenities Do Wealthy Chicago Suburbs Offer?
Residents of affluent Chicago suburbs enjoy:
- Exclusive country clubs & private golf courses
- Boutique shopping & designer outlets
- Fine dining restaurants & gourmet markets
- Prestigious private & public schools
- Luxury fitness & wellness facilities
- Private marinas & lakefront access
- Cultural attractions, including local theaters, museums & music festivals
In addition, services such as private security, landscaping and concierge services are more common, further enhancing a high standard of living.
Are These Suburbs Good Places to Live for Families?
Absolutely. Many of these wealthy suburbs are designed with families in mind:
- Top-rated public schools in districts like New Trier (Winnetka, Wilmette) & Hinsdale Central.
- Abundant green spaces, including playgrounds, forest preserves, & lakefront trails.
- Safe neighborhoods with low crime rates.
- Active parent communities & youth-focused programs.
- Close proximity to Chicago for easy access to jobs, universities and cultural opportunities.
If you’re moving with children, reputable Chicago moving companies like STI specialize in family relocations, helping ensure a smooth transition into your new community.
How Do Home Prices Compare in the Wealthiest Chicago Suburbs?
Here’s a quick look at the average home prices:
- Kenilworth: $1.5M+
- Winnetka: $1.3M+
- Lake Forest: $1.1M+
- Hinsdale: $1.0M+
- Glencoe: $1.2M+
Homes in these suburbs often have four or more bedrooms, large yards and luxury features like wine cellars, home theaters, and swimming pools. While prices are much higher than the average home price in Chicago, many buyers feel the privacy, amenities, and overall lifestyle make them worth the investment.
What are Some Alternatives to the Top-tier Wealthy Suburbs?
If you’re looking for an upscale suburb that’s a little more affordable, consider these options:
- Elmhurst – Offers luxury living without the very high price tag.
- Western Springs – A welcoming, family-friendly suburb with an upscale feel.
- Northbrook – A well-established community with excellent schools nearby.
- Naperville – Offers a larger selection of homes along with highly rated schools.
- Evanston – Combines lakefront living, cultural attractions and easy access to Chicago.
These suburbs still offer great amenities and attractive homes, while often giving buyers more space and value for their money than some of the most exclusive communities.
Considering a Move to a Wealthy Suburb? STI Moving & Storage Can Help
Relocating to a high-end Chicago suburb requires trusted professionals who understand the unique needs of luxury moves. From the careful handling of fine art and antiques to white-glove packing services and secure transportation, STI is one of the most experienced moving companies in Chicago for upscale relocations.
Whether you’re moving across the state or across the country, STI provides:
- Full-service packing and unpacking
- Climate-controlled storage options
- Local and long-distance moves
- Custom moving plans for families, executives and retirees
Contact us today for a free quote and let STI help make your move to one of Chicago’s most prestigious suburbs simple, smooth and stress-free.
