Top 50 Richest Suburbs In The US List Includes 3 Chicago Suburbs

Ah, the rich suburban lifestyle. Many aspire to it, but the numbers of people who actually get to live it are far less than those who really, really want to.

Some of my favorite observations by others about wealthy suburban life:

• “Rich suburbs: where you move to get away from people and end up living right next to them.”
• “A place where the mailboxes cost more than most people’s rent.”
• “Where the lawns are manicured, but the conversations aren’t.”
• “In the rich suburbs, gossip travels faster than Wi-Fi.”
• “In the monied suburbs, the biggest scandal is who got their landscaping done first.”

Where Are The Richest Suburbs In America, Anyway?

Before we start naming names here, I should point out that none of the three Chicago suburbs that made this year's list of rankings from GoBankingRates.com made the very top of the list as the single wealthiest suburb in the entire country.

That honor goes to Scarsdale, New York, which has been named the wealthiest suburb in America for the second consecutive year. Here are their numbers, according to this year's GoBankingRate.com study:

Scarsdale, New York

• Suburb of: New York City
• Average household income (2023): $601,193
• Average household income (2022): $588,014
• 2022-2023 one-year income change (%): 2.2%
• May 2025 home value: $1,207,528
• May 2024 home value: $1,170,138
• 2024-2025 home value change (%): 3.2%

New York takes the top two spots overall, with this NYC burb coming in right behind Scarsdale:

Rye, New York

• Suburb of: New York City
• Average household income (2023): $421,259
• Average household income (2022): $418,653
• 2022-2023 one-year income change (%): 0.6%
• May 2025 home value: $1,875,248
• May 2024 home value: $1,796,232
• 2024-2025 home value change (%): 4.4%

In the number-three spot in the country, it's:

West University Place, Texas

• Suburb of: Houston
• Average household income (2023): $409,677
• Average household income (2022): $417,382
• 2022-2023 one-year income change (%): -1.9%
• May 2025 home value: $982,834
• May 2024 home value: $939,538
• 2024-2025 home value change (%): 4.6%

Now Let's Take A Look At Which Three Illinois Suburbs Are Part Of The Wealthiest Burbs In The Nation In 2025

All three of these Chicago suburbs were on this list last year, and they apparently liked being on it so much that they're back on the list again for 2025. Of the three, only one of these suburbs landed in the top ten, coming in at number-eight in the nation overall:

Hinsdale, Illinois

• Suburb of: Chicago
• Average household income (2023): $376,366
• Average household income (2022): $393,233
• 2022-2023 one-year income change (%): -4.3%
• May 2025 home value: $1,234,894
• May 2024 home value:  $1,144,821
• 2024-2025 home value change (%): 7.9%

The two other suburbs landed at spots 31 and 37 in the top 50. At #31:

Lake Forest, Illinois

• Suburb of: Chicago
• Average household income (2023): $302,171
• Average household income (2022): $294,330
• 2022-2023 one-year income change (%): 2.7%
• May 2025 home value: $1,185,363
• May 2024 home value: $1,117,248
• 2024-2025 home value change (%): 6.1%

And, at #37:

Wilmette, Illinois

• Suburb of: Chicago
• Average household income (2023): $291,930
• Average household income (2022): $282,893
• 2022-2023 one-year income change (%): 3.2%
• May 2025 home value: $999,547
• May 2024 home value: $936,005
• 2024-2025 home value change (%): 6.8%