2 of the top 20 most affluent communities in the country are on Chicago’s North Shore. northshore.cc

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North Shore Towns Among Nation’s Richest ZIP Codes

One North Shore town is among the richest of the richest communities in the nation, according to an analysis of IRS data sorted by ZIP codes. Kenilworth’s 60043 was the highest ranked community in Illinois and eighth most affluent in the country, according to Bloomberg.

Three of the next five richest zones in the Midwest were also on the North Shore, with Glencoe and Winnetka rounding out the top three. Lake Forest was ranked sixth in the region, just behind 60604 in downtown Chicago and Ladue, Missouri in St. Louis’ western suburbs.

The Bloomberg rankings were established using the average household adjusted gross income using data from tax returns. The report examined more than 22,000 ZIP codes. Each needed at least 500 residential households and at least 200 tax returns filed in 2015 to meet its requirements.

The 5 wealthiest North Shore ZIP codes

 

Rank (Region/Nation) Top Zip Code AGI AGI % Change Salary $’000 5Y Sal Change % Median Home # of returns
1st / 8th Kenilworth, 60043 $861,000 71.6% $435,900 $1.32M 1,200
2nd / 19th Glencoe, 60022 $633,700 14.6% $290,800 12% $0.95M 3,900
3rd / 27th Winnetka, 60093 $583,300 30.9% $304,100 23.2% $0.91M 9,600
6th / 58th Lake Forest, 60045 $464,700 29.8% $281,800 18.4% $0.77M 10,000
17th / 155th Highland Park, 60035 $307,500 42.6% $150,600 23.2% $0.5M 15,200

Kenilworth’s most expensive real estate listing is the 1896 Daniel Burnham-designed classical mansion at 326 Essex Road.


326 Essex Rd., Kenilworth(Realtor.com)

 

According to public records, the propery sold in 2005 for $2.1 million and was listed in 2012 for $9 million after its listed owner was convicted of fraud. It was then purchased in 2016 for $3.23 million through a Bahamas-based LLC — shortly before it was relisted for an asking price of $7.75 million. According to the Cook County Assessor, its estimated 2018 market value is just under $2 million. (It’s also available to rent for $50,000 a month.)

Meanwhile, the most affordable active listings in Kenilworth will set you back more than $400,000 for less than 1,500 square feet.

According to Bloomberg, the richest ZIP code in America is Fisher Island in Florida, where the average income was $2.5 million in 2015. The 216-acre island is available only by ferry or water taxi off the coast of Miami Beach.

Here’s the rest of the country’s top 10 wealthiest ZIP codes, including the adjusted gross annual income (AGI) for each of them:

  1. Miami Beach (Fisher Island), FL (33109) — $2.5 million
  2. Atherton, CA (94027) — $1.5 million
  3. Palm Beach, FL (33480) — $1.3 million
  4. Palo Alto, CA (94301) — $1.2 million
  5. Harrison, NY (10577) — $976,000
  6. Gladwyne, PA (19035) — $957,000
  7. Los Angeles, CA (90067) — $905,000
  8. Kenilworth, IL (60043) — $861,000
  9. Weston, MA (02493) — $860,000
  10. San Francisco, CA (94111) —$776,000

For the lowest mortgage rates on the North Shore click on to: http://northshore.cc or call (630) 687-800

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