Quick Answer: Where Do The Rich Live In Chicago?

What is the richest part of Chicago?

Chicago LoopChicago Loop offers the most expensive zip code with a median house price of $1.7 million.

Other expensive neighborhoods in Chicago after Chicago Loop include Bucktown, Wicker Park, and Magnificent Mile; these are the top four in terms of home prices..

What is the richest part of Illinois?

At the end of the day, here’s the set of the 10 richest places in Illinois for 2020:Winnetka (Photos | Homes For Sale)Western Springs (Photos | Homes For Sale)Mahomet (Photos | Homes For Sale)Oak Brook (Photos | Homes For Sale)Deerfield (Photos | Homes For Sale)Winfield (Photos | Homes For Sale)More items…

What part of Chicago should I avoid?

Most of Chicago’s most violent crimes and gang activity are located on the West and South sides of the city. In general, the further South and West you go, the more dangerous the neighborhood. That said, a few neighborhoods in South and West Chicago have benefitted greatly from gentrification.

Are the suburbs of Chicago safe?

While Chicago’s violent crime problem often gets national attention, the city’s suburbs are among the safest and best places to raise a family in the country. … Deerfield edges out Warrenville in violent crime, logging just 0.26 incidents per 1,000 residents, while the latter boasts a slightly lower property crime rate.

What are the nicest suburbs of Chicago?

15 Best Chicago Suburbs for young families to live inWestern Springs. Key Stats: • Total population: 13,187. … Round Lake. Key Stats: • Total population: 18,444. … Lake Forest. Key Stats: • Total population: 80,070. … Buffalo Grove. Key Stats: • Total population: 41,555. … Cary. Key Stats: • Married population: 62.7% … Wheaton. Key Stats: … Winfield. Key Stats: … La Grange. Key Stats:More items…•

Is the North Side of Chicago Rich?

Today the North Shore remains one of the most affluent and highly educated areas in the United States. Seven of its communities are in the top quintile of U.S. household income, and five of those (Lake Forest, Glencoe, Kenilworth, Winnetka, Highland Park) are in the top 5 percent.

How many millionaires live in Chicago?

Here are the five U.S. cities with the most UHNW individuals: New York City: 8,980. Los Angeles: 5,295. Chicago: 3,350.

How many millionaires and billionaires are there in Illinois?

TableRank by Number of Billionaires (9/15/20)State or Federal DistrictBillionaires/ State’s 10M pop. (7/19 Census) (9/15/20)4Florida27.003Texas20.696Illinois13.427Connecticut39.2749 more rows

How much money do you need to live comfortably in Illinois?

Typical Expenses1 ADULT2 ADULTS (1 WORKING)0 Children2 ChildrenTransportation$4,289$11,557Other$2,929$6,378Required annual income after taxes$23,836$48,7406 more rows

How many Illinois millionaires live?

But it’s a different story when it comes to millionaires, meaning people with a net worth of at least $1 million, not necessarily an annual income of at least $1 million. Crain’s Chicago Business reported in 2016 that “the number of millionaire households in Illinois reached 280,265, up 5.2 percent from 2014.”

What’s the poorest city in Illinois?

CentrevilleCentreville is the poorest city in the state of Illinois, as well as one of the poorest cities in the nation. The town median household income of $17,441, while the typical home in the area is worth approximately $47,900.

Where is the Chicago ghetto?

The West Side is Chicago’s “other” ghetto. It is not as well known as the South Side, outside Chicago but many consider it among the worst slum areas in the nation. Its problems typify the hard times experienced by such poor sections even under the best economic conditions.

Is Chicago a poor city?

The per capita income for the city was $20,175. Below the poverty line were 19.6% of the population and 16.6% of the families. Of the total population, 28.1% of those under the age of 18 and 15.5% of those 75 and older were living below the poverty line.

What is middle class in Chicago?

Pew found that in 2016, the national middle-income range was about $45,200 to $135,600 annually for a household of three. Lower-income households had incomes less than $45,200, and upper-income households had incomes greater than $135,600.

What is the best area to live in Chicago?

Here Are the Best Places to Live in ChicagoLakeview. Lakeview is situated right where you think it is, next to the lake. … Lincoln Park. In this writer’s opinion, Lincoln Park is the best neighborhood to live in the city. … Old Town. … West Loop. … Wicker Park.