spot_imgspot_img

This Is the Richest Town in Illinois

spot_img

With a $23.3 trillion economy – accounting for nearly a quarter of global economic output in 2021 – the United States is the wealthiest country in the world by a wide margin. But despite its economic strength, the U.S. is also home to some of the world’s highest levels of income inequality. According to the World Bank, the wealth gap between the rich and poor in the U.S. is more pronounced than in China, Russia, or any highly developed European country with available data.

The latest available figures from the U.S. Census Bureau show that more than 41 million Americans live below the poverty line, which for a single household, for example, means (in most of the country) living on an annual income of $14,580 or less. Meanwhile, at the other end of the spectrum, nearly 12.5 million American households earn more than $200,000 a year, and over 23% of all income in the U.S. is controlled by the top 5% of households by earnings.

Not only concentrated in the hands of a relative few, wealth is also geographically concentrated in the United States. Across the country, there are communities defined, at least in part, by their affluence – wealthy enclaves where incomes far exceed that of the average American household.

Of all places in Illinois with populations between 1,000 and 25,000, Winnetka ranks as the wealthiest. The average household income in the town stands at $417,007, about $316,300 more than the statewide average.

All data in this story are five-year estimates from the U.S. Census Bureau’s 2021 American Community Survey. For the purposes of this story, all places covered by the census with populations between 1,000 and 25,000 were considered towns.

Richest town by stateAvg. household income in town ($)Avg. household income in state ($)Median home value in town ($)Median home value in state ($)Alabama: Mountain Brook249,81876,150697,800157,100Alaska: Steele Creek151,203103,258274,900282,800Arizona: Paradise Valley359,52289,6931,778,000265,600Arkansas: Goshen192,35973,346447,300142,100California: Atherton539,944119,1492,000,000+573,200Colorado: Cherry Hills Village464,068107,4462,000,000+397,500Connecticut: Tokeneke611,239120,6702,000,000+286,700Delaware: Rehoboth Beach255,75597,0811,186,900269,700Florida: Palm Beach332,76488,2671,523,100248,700Georgia: Druid Hills209,78591,082698,000206,700Hawaii: Kaanapali223,037113,3101,317,100662,100Idaho: Hidden Spring180,78383,777523,400266,500Illinois: Winnetka417,007100,7191,123,700212,600Indiana: Meridian Hills278,87881,703554,900158,500Iowa: Kent Estates172,59084,948314,700160,700Kansas: Mission Hills444,34687,033963,400164,800Kentucky: Anchorage305,11876,511707,100155,100Louisiana: Des Allemands139,76177,025122,800174,000Maine: Falmouth Foreside204,66983,914581,300212,100Maryland: Chevy Chase Village489,515120,2341,938,800338,500Massachusetts: Dover432,571123,1741,020,700424,700Michigan: Orchard Lake Village355,00885,727727,100172,100Minnesota: Orono306,372102,691766,700250,200Mississippi: Pleasant Hill187,02968,636269,500133,000Missouri: Ladue384,81583,152844,700171,800Montana: Helena Valley Northeast142,82582,237373,500263,700Nebraska: Hickman119,08187,815224,500174,100Nevada: Incline Village198,21489,5621,042,700315,900New Hampshire: Hanover184,742108,061610,900288,700New Jersey: Short Hills428,352124,6261,389,900355,700New Mexico: Las Campanas246,73774,3631,075,900184,800New York: Brookville617,173111,5832,000,000+340,600North Carolina: Biltmore Forest317,80284,8881,074,500197,500North Dakota: Horace188,25589,443378,700209,900Ohio: Coldstream371,20983,820623,000159,900Oklahoma: Nichols Hills337,25778,040740,200150,800Oregon: Dunthorpe428,60194,0341,347,400362,200Pennsylvania: Messiah College390,36392,849N/A197,300Rhode Island: Charlestown134,74097,908425,700292,600South Carolina: Kiawah Island366,39281,1421,442,000181,800South Dakota: Dakota Dunes166,30483,175376,900187,800Tennessee: Belle Meade434,84882,0121,662,100193,700Texas: Hunters Creek Village477,85294,1151,846,200202,600Utah: East Basin281,879101,412839,500339,700Vermont: Woodstock127,82289,820480,400240,600Virginia: Great Falls353,259111,0131,134,900295,500Washington: Yarrow Point410,703111,4312,000,000+397,600West Virginia: Shenandoah Junction169,13569,436162,400128,800Wisconsin: River Hills283,36987,733637,900200,400Wyoming: Hoback195,16187,786930,700237,900

DON’T MISS OUT

Be the first to know about the latest news, giveaways, events, and updates from The Black Chronicle!

We don’t spam! Read our privacy policy for more info.

spot_img
spot_img

Hot this week

African and Caribbean Nations Call for Reparations for Slave Trade, Propose Global Fund

Nations across Africa and the Caribbean, deeply impacted by...

Health care company agrees to pay $22.5 million to settle claims of over billing

A health care company agreed to pay nearly $22.5...

Sports betting expert offers advice on paying taxes for gambling winnings

(The Center Square) – Tax season is underway, and...

Entertainment district benefits don’t outweigh the cost, economists say

(The Center Square) — Weeks later, after more details...

Business association ‘disappointed’ by WA L&I’s proposed workers comp rate hike

(The Center Square) – The Association of Washington Business...

DOJ Report Uncovers Dangerous Conditions at Fulton County Jail

A scathing report from the U.S. Department of Justice...

Hovde concedes U.S. Senate race to Baldwin, won’t ask for recount

(The Center Square) – U.S. Senate candidate Eric Hovde...

Spokane COPS may close shop after over three decades due to lack of funding

(The Center Square) - The Spokane Police Department isn’t...

Trump made gains in northern Virginia

(The Center Square) – President-elect Donald Trump made gains...

Civil fines proposed for convictions of spreading election misinformation

(The Center Square) – Civil fines on individuals intentionally...

Maine urged to raise ‘sin’ taxes to buoy milk farmers

(The Center Square) — A Maine task force is...

Report: Louisiana could pay off liabilities, invest with reserve funds

(The Center Square) — A report provides suggestions on...

Prosecutors: ComEd’s lobbying costs grew, but no work found

(The Center Square) – Prosecutors on Monday took the...

More like this
Related

DOJ Report Uncovers Dangerous Conditions at Fulton County Jail

A scathing report from the U.S. Department of Justice...

Hovde concedes U.S. Senate race to Baldwin, won’t ask for recount

(The Center Square) – U.S. Senate candidate Eric Hovde...

Spokane COPS may close shop after over three decades due to lack of funding

(The Center Square) - The Spokane Police Department isn’t...

Trump made gains in northern Virginia

(The Center Square) – President-elect Donald Trump made gains...